Krsnaa Diagnostics Limited IPO: GMP, Issue Price, Issue Size

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Krsnaa Diagnostics IPO
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Krsnaa Diagnostics Ltd is one of the fastest-growing diagnostic chains in India. The company offers a wide range of diagnostic services such as imaging/radiology services and is all set to make a debut in the stock market with IPO of issue size of 1213.33 Cr.   

Krsnaa Diagnostics Limited IPO –Overview  

Krsnaa Diagnostics Limited IPO Issue Date         4- 6 August 2021        
Krsnaa Diagnostics Limited IPO Opening Date         6 August 2021        
Krsnaa Diagnostics Limited IPO Face Value         INR 5 per share         
Krsnaa Diagnostics Limited IPO Price         INR 954 per share        
Krsnaa Diagnostics Limited IPO Lot Size         15 Shares        
Issue Size         1,213.33   Cr        
Offer for sale         813.33   Cr     
Issue Type         Book built Issue IPO         
Listing At         BSE, NSE        
QIB Shares Offered           49.83 times        
NII (HNI) Shares         116.30 times        
Company Promoters         Rajendra Mutha is the promoter of the company.  
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Krsnaa Diagnostics Limited IPO-Tentative Dates         

Krsnaa Diagnostics Limited IPO opening date         4 August 2021          
Krsnaa Diagnostics Limited IPO closing date         6 August 2021        
Basis of Allotment         11 August 2021        
Initiation of Refunds         12 August 2021        
The credit of Shares to Demat        13 August 2021        
Krsnaa Diagnostics Limited IPO Listing Date         16 August 2021        

Krsnaa Diagnostics – Industry Overview.        

The Indian diagnostic industry has grown consistently over the past three fiscals and is projected to grow at a CAGR of approximately 15% between fiscals 2021 and 2023The size of the diagnostic industry is estimated to be approximately ₹ 710 billion to ₹ 730 billion in Fiscal 2021, registering a healthy CAGR of 13% to 14%, echoing the growth from healthcare delivery services, over Fiscal 2017’s industry size of approximately ₹ 472 billion. The industry is expected to grow at approximately 15% and achieve a value of ₹ 920 billion to ₹ 980 billion in Fiscal 2023.  

Krsnaa Diagnostics

Krsnaa Diagnostics Limited IPO – Company Overview         

Krsnaa Diagnostics is a large and differentiated diagnostic service provider. also provide a range of technology-enabled diagnostic services such as imaging (including radiology), pathology/clinical laboratory, and teleradiology services to public and private hospitals, medical colleges, and community health centres pan-India. the fastest growing diagnostic chain in India on multiple parameters including operating income, operating profit before depreciation, interest, and tax (“OPBDIT”) and profit after tax between Fiscal 2017 and Fiscal 2020, and volume of tests conducted between Fiscal 2018 and Fiscal 2020 (amongst players with revenues exceeding ₹1,500 million). According to CRISIL Report, also operate one of India’s largest teleradiology reporting hubs in Pune that can process large volumes of X-rays, CT scans and MRI scans round the clock and 365 days a year and allows us to serve patients in remote locations where diagnostic facilities are limited.  provide quality and inclusive diagnostic services at affordable rates across various segments.   

Krsnaa Diagnostics Limited IPO-Objectives         

  • To finance the cost of establishing diagnostics centers in Punjab, Karnataka, Himachal Pradesh, and Maharashtra.  
  • Repayment/pre-payment of firm’s borrowings fully or partially.  
  • general corporate purposes.  

Krsnaa Diagnostics Limited IPO – Financial Statements        

Particulars        31-Mar-21      31-Mar-20      31-Mar-19      
Total Assets        6,045.30  6,299.82  5,289.85  
Total Revenue        6,614.76 2,713.79  2,143.15  
Profit After Tax        1,849.29  1,119.51  580.57  

Krsnaa Diagnostics Limited IPO Strengths        

  • Differentiated diagnostic service provider company in India.  
  • A comprehensive range of diagnostic services.  
  • Strong brand equity with quality healthcare services at affordable prices.  
  • Extensive market footprint in 13 states across India.  
  • Consistent financial performance track record.  

Krsnaa Diagnostics Limited IPO Weakness         

  • Significant dependence on payments under contact with public health agencies.  
  • Any failure to comply with the legal and regulatory requirements.  

Company Contact Information

Krsnaa Diagnostics Limited
S.No. 243, A-Hissa No. 6, CTS No. 4519, 4519/1,
Chinchwad, Taluka – Haveli, Pune – 411 019

Phone: +91 20 4695 4695
Email: cs@krsnadiagnostics.com
Websitehttps://krsnaadiagnostics.com/

Krsnaa Diagnostics IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: krsnaa.ipo@kfintech.com
Websitehttps://karisma.kfintech.com/

Krsnaa Diagnostics IPO Lead Manager

  1. DAM Capital Advisors Ltd (Formerly IDFC Securities Ltd
  2. Equirus Capital Private Limited 
  3. IIFL Securities Ltd 

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