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About Vijaya Diagnostics IPO
Founded in 1981, Vijaya Diagnostics is one of the emerging diagnostics service chains from Southern India. Besides its prominence in the states of Andhra Pradesh and Telangana, Vijaya Diagnostics also has branches in Haryana and Delhi NCR region.
As a comprehensive diagnostics service provider, the company has 80 state-of-the-art centres across 13 cities of India. Vijaya Diagnostics provides a one-stop solution for radiology and pathology services. It has a total employee strength of 2200, and till 31 March 2021, it has served about 2.63 million customers.
The company is now expanding its footprints in other parts of the country. Furthermore, as of 31 March 2021, Vijaya Diagnostics has Patient Safety & Quality of Care accreditation from NABH and accreditation from the National Accreditation Board for Testing and Calibration Laboratories.
Vijaya Diagnostics IPO Objectives
- Achieve the benefits of listing on an exchange
- To complete this OFS of 35,688,064 equity shares
Vijaya Diagnostics IPO - Details
The initial public offering of Vijaya Diagnostics is opening on 1 September 2021 and closes on 3 September 2021. After the approval on their DRHP by market regulator SEBI, the company will now conduct a public offering comprising only OFS.
This offer for sale will include 3.56 crore shares from current stakeholders. Here are the particulars –
50.98 lakh shares from Dr S Surendranath Reddy
2.94 crores shares from Karakoram Ltd
11.20 lakh shares from Kedaara Capital AIF 1 or Kedaara Capital Alternative Investment Fund
Apart from these, this public issue will also comprise up to 1.5 lakh equity shares for employees.
Moving ahead, Vijaya Diagnostics has appointed the following investment banks as the lead managers of its IPO –
1. Kotak Mahindra Capital Company
2. Edelweiss Financial Services Limited
3. ICICI Securities Limited
Moreover, the company has appointed KFin Technologies Private Limited as the registrar of this public offering.
Opening Date
Sep 1, 2021
Closing Date
Sep 3, 2021
Price Band
₹522 to ₹531
per equity share
Issue Size
₹1862 - ₹1894 Cr
Face Value
₹ 1
per equity share
Market Lot
28 Shares
Opening Date
Sep 1, 2021
Closing Date
Sep 3, 2021
Price Band
₹522 to ₹531
per equity share
Issue Size
₹1862 - ₹1894 Cr
Face Value
₹ 1
per equity share
Market Lot
28 Shares
Listing at NSE, BSE
Vijaya Diagnostics IPO Important Dates
| IPO Open Date | 1 September 2021 |
|---|---|
| IPO Close Date | 3 September 2021 |
| Basis Of Allotment Date | 8 September 2021 |
| Initiation Of Refunds | 9 September 2021 |
| Credit Of Shares To Demat ACcount |
13 September 2021 |
| IPO Listing Date | 14 September 2021 |
Vijaya Diagnostics IPO Latest News and Subscription Status Today [Live]
At 05:05 p.m.
- This IPO has been subscribed 4.54x by 5:05 PM. on Day 3
- It is a public issue of 2,50,26,646 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 13.07x
- (NII) Non-institutional buyers: 1.32x
- (RII) Retail Individual buyers: 1.09x
- Employees: 0.98x
At 04:15 p.m.
- This IPO has been subscribed 1.37x by 4:15 PM. on Day 3
- It is a public issue of 2,50,26,646 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 2.98x
- (NII) Non-institutional buyers: 0.25x
- (RII) Retail Individual buyers: 0.95x
- Employees: 0.73x
At 03:05 p.m.
- This IPO has been subscribed 1.37x by 2:05 PM. on Day 3
- It is a public issue of 2,50,26,646 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 2.98x
- (NII) Non-institutional buyers: 0.25x
- (RII) Retail Individual buyers: 0.95x
- Employees: 0.73x
At 02:05 p.m.
- This IPO has been subscribed 1.37x by 2:05 PM. on Day 3
- It is a public issue of 2,50,26,646 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 2.98x
- (NII) Non-institutional buyers: 0.25x
- (RII) Retail Individual buyers: 0.95x
- Employees: 0.73x
At 12:50 p.m.
- This IPO has been subscribed 0.79x by 12:50 PM. on Day 3
- It is a public issue of 2,50,26,646 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 1.05x
- (NII) Non-institutional buyers: 0.18x
- (RII) Retail Individual buyers: 0.90x
- Employees: 0.70x
At 11:50 a.m.
- This IPO has been subscribed 0.51x by 11:50 AM. on Day 3
- It is a public issue of 2,50,26,646 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.67x
- (NII) Non-institutional buyers: 0.14x
- (RII) Retail Individual buyers: 0.85x
- Employees: 0.56x
At 10:40 a.m.
- This IPO has been subscribed 0.51x by 10:40 AM. on Day 3
- It is a public issue of 2,50,26,646 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.32x
- (NII) Non-institutional buyers: 0.06x
- (RII) Retail Individual buyers: 0.81x
- Employees: 0.55x
At 05:10 p.m.
- This IPO has been subscribed 0.47x by 5:10 PM. on Day 2
- It is a public issue of 2,50,26,646 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.32x
- (NII) Non-institutional buyers: 0.05x
- (RII) Retail Individual buyers: 0.74x
- Employees: 0.52x
At 03:40 p.m.
- This IPO has been subscribed 0.43x by 3:40 PM. on Day 2
- It is a public issue of 2,50,26,646 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.26x
- (NII) Non-institutional buyers: 0.04x
- (RII) Retail Individual buyers: 0.69x
- Employees: 0.44x
At 02:30 p.m.
- This IPO has been subscribed 0.40x by 2:30 PM. on Day 2
- It is a public issue of 2,50,26,646 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.26x
- (NII) Non-institutional buyers: 0.03x
- (RII) Retail Individual buyers: 0.64x
- Employees: 0.42x
At 01:30 p.m.
- This IPO has been subscribed 0.38x by 1:30 PM. on Day 2
- It is a public issue of 2,50,26,646 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.23x
- (NII) Non-institutional buyers: 0.03x
- (RII) Retail Individual buyers: 0.62x
- Employees: 0.28x
At 12:30 p.m.
- This IPO has been subscribed 0.36x by 12:30 PM. on Day 2
- It is a public issue of 2,50,26,646 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.23x
- (NII) Non-institutional buyers: 0.02x
- (RII) Retail Individual buyers: 0.57x
- Employees: 0.26x
At 11:30 a.m.
- This IPO has been subscribed 0.35x by 11:30 AM. on Day 2
- It is a public issue of 2,50,26,646 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.23x
- (NII) Non-institutional buyers: 0.02x
- (RII) Retail Individual buyers: 0.55x
- Employees: 0.26x
At 10:30 a.m.
- This IPO has been subscribed 0.33x by 10:30 AM. on Day 2
- It is a public issue of 2,50,26,646 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.23x
- (NII) Non-institutional buyers: 0.01x
- (RII) Retail Individual buyers: 0.52x
- Employees: 0.26x
At 05:10 p.m.
- This IPO has been subscribed 0.30x by 5:10 PM. on Day 1
- It is a public issue of 2,50,26,646 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.23x
- (NII) Non-institutional buyers: 0.01x
- (RII) Retail Individual buyers: 0.46x
- Employees: 0.24x
At 04:10 p.m.
- This IPO has been subscribed 0.21x by 4:10 PM. on Day 1
- It is a public issue of 2,50,26,646 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.01x
- (NII) Non-institutional buyers: 0.01x
- (RII) Retail Individual buyers: 0.41x
- Employees: 0.05x
At 03:10 p.m.
- This IPO has been subscribed 0.20x by 3:10 PM. on Day 1
- It is a public issue of 2,50,26,646 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.01x
- (NII) Non-institutional buyers: 0.01x
- (RII) Retail Individual buyers: 1.97x
- Employees: 0.04
At 02:10 p.m.
- This IPO has been subscribed 0.18x by 2:10 PM. on Day 1
- It is a public issue of 2,50,26,646 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.01x
- (RII) Retail Individual buyers: 0.35x
- Employees: 0.03x
At 12:35 p.m.
- This IPO has been subscribed 0.08x by 12:35 PM. on Day 1
- It is a public issue of 2,50,26,646 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.00x
- (RII) Retail Individual buyers: 0.16x
- Employees: 0.02x
At 11:35 a.m.
- This IPO has been subscribed 0.11x by 11:35 AM. on Day 1
- It is a public issue of 2,50,26,646 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.00x
- (RII) Retail Individual buyers: 0.23x
- Employees: 0.02x
At 10:48 a.m.
- This IPO has been subscribed 0.07x by 10:45 AM. on Day 1
- It is a public issue of 2,50,26,646 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.00x
- (RII) Retail Individual buyers: 0.14x
How to apply for Vijaya Diagnostics IPO?
You can apply for the Vijaya Diagnostics IPO in these ways:
UPI
Link your bank account to a reliable UPI ID and register it with your Angel One account. Proceed to book
Vijaya Diagnostics IPO shares using the ID, confirm the payment on the UPI app, and block the amount for allotment.
Demat Account
1. If you are already a client of Angel One, apply directly for
Vijaya Diagnostics IPO, click here.
2. If you’re a new investor Open DEMAT Account for free with Angel One to begin your investment journey.
Vijaya Diagnostics IPO – Noteworthy Highlights
After their long journey spanning over 4 decades, Vijaya Diagnostics has been established as a prominent name of this segment. Here are some noteworthy highlights that investors should be aware of –
1. Vijaya Diagnostics has 80 diagnostics centres and 11 reference laboratories across the country. It helps the company to cater to a wide range of demographics.
2. Additionally, the company has remained profitable in the last 3 fiscal years, with FY2021 registering Rs. 849.11 million.
3. Till March 2021, Vijaya Diagnostics has served 2.63 million customers.
4. Caters to more than 200 corporate clients.
Vijaya Diagnostics IPO - SWOT Analysis
Competitive Analysis: Market Peers
| Competitor | Face value | Sector P/E | Market Cap. | Dividend yield |
| Dr. Lal PathLabs Ltd | 10 | 127.42 | Rs. 31,813 crores | 0.52 |
| Aster DM Healthcare Ltd | 10 | 127.42 | Rs. 9815 crores | NA |
| Narayana Hrudayalaya Ltd | 10 | 127.42 | Rs. 10,135 crores | NA |
| N G Industries Ltd | 10 | 127.42 | Rs. 16 crores | NA |
| Krsnaa Diagnostics Ltd | 5 | 127.42 | Rs. 2866 crores | NA |
Vijaya Diagnostics IPO FAQs
What is the application process of Vijaya Diagnostics IPO via Angel One App?
Step 1: Go to the ‘investment opportunities’ section on Angel One App
Step 2: Visit the ‘IPOs and FPOs’ section and enter the required information
Step 3: Enter the UPI ID approved by the NPCI
Step 4: Click on ‘invest’ to place your order for Vijaya Diagnostics IPO
How to locate my UPI ID?
How to generate a UPI ID?
Step 1: Download the BHIM mobile application
Step 2: Verify your mobile phone number and create a password or PIN
Step 3: Select a bank from the provided list
Step 4: It will then automatically fetch your bank account details
Step 5: If you have more than one bank account, select the one you want to register with BHIM
Step 6: Create a personal UPI ID for security reasons
You can then view your UPI ID in the ‘profile’ section.
Is it possible to apply for Vijaya Diagnostics IPO without a UPI ID?
I cannot locate my UPI ID in the Angel One App dropdown menu while applying for Vijaya Diagnostics IPO; what to do now?
What is the timeframe within which one needs to accept a UPI mandate?
Can I make more than one Vijaya Diagnostics IPO application?
What is the procedure for accepting a UPI mandate for Vijaya Diagnostics IPO?
I have approved the UPI mandate request, but it is showing pending on the Angel One App. What should I do now?
What are the charges associated with Vijaya Diagnostics IPO?
Can I use a bank account that is not linked with the Angel One App to apply for this Vijaya Diagnostics IPO?
Can I use any UPI handle to apply for this Vijaya Diagnostics IPO?
What is a cut-off price? Is it okay to apply at this price point?
Is it okay to use a current account to apply for an IPO?
Can I Use my Hindu Undivided Family Account to apply for this Vijaya Diagnostics IPO?
Can I apply for Vijaya Diagnostics IPO using my minor daughter’s bank account?
How fast can I get the UPI mandate request after placing the order for Vijaya Diagnostics IPO?
Can NRIs apply for this Vijaya Diagnostics IPO?
The funds are not debited from my bank account even after submitting the bid, what can be the reason?
What are the reasons behind the rejection of my Vijaya Diagnostics IPO application?
- If your bank account, UPI ID, and Demat Account is not linked with the same PAN.
- In case you enter a wrong UPI PIN or ID while approving your UPI mandate.
For example, if you use your Demat account to apply for Vijaya Diagnostics IPO and use someone else’s UPI handle to pay for it. In that case, you may face rejection owing to –
- In case the bank account and Demat account are not linked.
- If your PAN is not linked with the UPI handle are not connected.
What is the tentative time period needed to block and unblock the needed funds for an IPO subscription?
Is it possible to change my bid for Vijaya Diagnostics IPO after applying?
How to receive an allotment for Vijaya Diagnostics IPO without fail?
A point to remember here is that the Angel One platform only allows you to apply for an IPO and does not guarantee any allotment.
However, you can improve your chances of securing an allotment by following the below-mentioned tips –
- Use a Demat account linked with PAN
- Apply at the cut-off price
- Ensure that your UPI ID and bank account are linked through the same PAN. Not maintaining that can lead to rejection. For instance, if A has applied for this Vijaya Diagnostics IPO using his Demat account and paid for it via B’s UPI ID. Here, an application can get rejected if –
1.B’s UPI ID is not connected with A’s PAN
2.A’s Demat account has no connection with B’s bank account
