Vijaya Diagnostic Centre Limited is one of the fastest-growing diagnostic chains in Southern India. The company offers a one-stop solution for pathology and radiology testing services is all set to make a debut on the stock market with an issue size of 1895.04 Cr.
Vijaya Diagnostic Centre Limited IPO –Overview
|Vijaya Diagnostic Centre Limited IPO Issue Date||1-3 September 2021|
|Vijaya Diagnostic Centre Limited IPO Opening Date||1 September 2021|
|Vijaya Diagnostic Centre Limited IPO Face Value||INR 1 per share|
|Vijaya Diagnostic Centre Limited IPO Price||INR 531 per share|
|Vijaya Diagnostic Centre Limited IPO Lot Size||28 Shares|
|Issue Size||1,895.04 Cr|
|Offer for sale||1,895.04 Cr|
|Issue Type||Book built Issue IPO|
|Listing At||BSE, NSE|
|QIB Shares Offered||13.07 times|
|NII (HNI) Shares||1.32 times|
|Company Promoters||Dr. S. Surendranath Reddy is the promoter of the company|
Vijaya Diagnostic Centre Limited IPO-Tentative Dates
|Vijaya Diagnostic Centre Limited IPO opening date||1 September 2021|
|Vijaya Diagnostic Centre Limited IPO closing date||3 September 2021|
|Basis of Allotment||8 September 2021|
|Initiation of Refunds||9 September 2021|
|Credit of Shares to Demat||13 September 2021|
|Vijaya Diagnostic Centre Limited IPO Listing Date||14 September 2021|
Vijaya Diagnostic Centre – Industry Overview.
The Healthcare delivery market (hospitals) which was valued at approximately ₹ 4,400 billion is projected to grow at a CAGR of 17 to 18% from the fiscal year 2021 to the fiscal year 2025. The pharmaceutical industry of which the domestic formulations segment was valued at approximately ₹ 1,420 billion is projected to grow at a CAGR of 11 to 12% between the fiscal year 2021 to the fiscal year 2025. The diagnostic industry which was valued at ₹ 710 to ₹ 730 billion is projected to grow at a CAGR of 14 to 16% between the fiscal year 2021 to the fiscal year 2023. Healthcare insurance industry of which the credit insurance premium market of the healthcare insurance industry stood at ₹ 583 billion as of the fiscal year 2021 and is expected to achieve a CAGR of 18 to 19% between fiscal year 2021 and fiscal year 2025.
Vijaya Diagnostic Centre Limited IPO – Company Overview
Vijay Diagonostic is the largest integrated diagnostic chain in southern India, by operating revenue, and one of the fastest-growing diagnostic chains by revenue for the fiscal year 2020. They offer a one-stop solution for pathology and radiology testing services to their customers through their extensive operational network, which consists of 80 diagnostic centers and 11 reference laboratories across 13 cities and towns in the states of Telangana and Andhra Pradesh and the National Capital Region and Kolkata. During the fiscal year 2021, they derived 96.2% of their revenue from operations from their core geographies, Hyderabad and the rest of Telangana and Andhra Pradesh.
Vijaya Diagnostic Centre Limited IPO-Objectives
- Achieve the benefits of share listing on the Stock Exchanges.
- To make an offer for sale (OFS) of 35,688,064 shares.
Vijaya Diagnostic Centre Limited IPO – Financial Statements
|Profit After Tax||849.11||625.07||462.72|
Vijaya Diagnostic Centre Limited IPO Strengths
- Largest and fastest-growing diagnostic chain in Southern India.
- Affordable, one-stop solution diagnostics service provider with a focus on superior quality.
- Strong technical capabilities, cutting-edge diagnostic testing technology and robust IT infrastructure.
- All laboratories hold National Accreditation.
- High brand recalls driving high individual consumer business.
Vijaya Diagnostic Centre Limited IPO Weakness
- A highly competitive business environment.
- Impact of global health equipment, including the recent covid-19 outbreak.
Company Contact Information
Vijaya Diagnostic Centre Limited
3-6-16 & 17, Street No. 19, Himayatnagar
Hyderabad, 500 029
Phone: +91 40 2342 0411
Vijaya Diagnostic IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Vijaya Diagnostic IPO Lead Manager(s)
- Edelweiss Financial Services Ltd
- ICICI Securities Limited
- Kotak Mahindra Capital Company Limited