Krsnaa Diagnostics IPO Details
Krsnaa Diagnostics IPO description – Krsnaa Diagnostics is a large and differentiated diagnostic service provider, offering a range of technology-enabled diagnostic services such as imaging (including radiology), pathology/clinical laboratory and tele-radiology services to public and private hospitals, medical colleges and community health centres pan-India. The company is among the fastest growing diagnostic chains in India on parameters such as operating income, operating profit before depreciation, interest and tax (OPBDIT), profit after tax between Fiscal 2017 and Fiscal 2020, and volume of tests conducted between Fiscal 2018 and Fiscal 2020.
The company focuses on the public private partnership (PPP) diagnostics segment and has the largest presence in the diagnostic PPP segment. Its PPP agreements are typically long-term in nature and ensure predictability of revenues from operations. As of 31 December 2020, it has deployed 1,781 diagnostic centres pursuant to PPP agreements with public health agencies. In addition to the PPP segment, it has been growing collaboration with private healthcare providers to operate diagnostic centres within their facilities, and has expanded from operating 12 diagnostic centres, as of FY2018 to 17 diagnostic centres, as of FY2020 and operated 20 such diagnostic centres as of 31 December 2020.
As of 31 December 2020, it operated 1,801 diagnostic centres offering radiology and pathology services in 13 states across India. Its operating model involves diagnostic centres operated under a hospital partnership model. These diagnostic centres are located within existing facilities of public and private hospitals or community health centres, and operated pursuant to arrangements with public health agencies and private healthcare providers.
Promoters of Krsnaa Diagnostics – Rajendra Mutha
| Krsnaa Diagnostics IPO Details | |
| Subscription Dates | 4 – 6 August 2021 |
| Price Band | INR933 – 954 per share |
| Fresh issue | INR400 crore |
| Offer For Sale | 8,525,520 shares (INR795.43 – 813.33 crore) |
| Total IPO size | INR1,195.43 – 1,213.33 crore |
| Minimum bid (lot size) | 15 shares |
| Face Value | INR5 per share |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
Krsnaa Diagnostics Financial Performance (in INR crore)
| Â | FY2018 | FY2019 | FY2020 | FY2021 |
| Revenue | 110.5 | 214.3 | 271.4 | 661.5 |
| Expenses | 194.7 | 292.0 | 429.7 | 366.0 |
| Net income | -60.1 | -58.0 | -112.0 | 184.9 |
| Margin (%) | -54.4 | -27.1 | -41.3 | 27.9 |
More about Krsnaa Diagnostics IPO
Registrar of Krsnaa Diagnostics IPO
KFin Technologies Private Limited
Selenium Tower B, Plot 31-32, Gachibowli,
Nanakramguda, Hyderabad – 500 032,
Telangana
Phone:Â +91 40 6716 2222Â
Fax:Â +91 40 2343 1551
Email:Â [email protected]
Website:Â www.kfintech.com
Krsnaa Diagnostics Contact Details
Krsnaa Diagnostics Limited
S.No. 243, A-Hissa No. 6, CTS No. 4519, 4519/1, Near Chinchwad Station, Chinchwad,
Taluka – Haveli, Pune – 411 019
Phone: +91 20 4695 4695
Email: [email protected]
Website:Â www.krsnadiagnostics.com
Valuation of Krsnaa Diagnostics (as of FY2021)
Earnings Per Share (EPS): INR12.25
Price/Earnings (PE ratio): 76.16 – 77.88Â
Return on Net Worth (RONW): 79.76%
Net Asset Value (NAV): INR85.27 per share
Krsnaa Diagnostics IPO GMP Daily Trend
| Date | Krsnaa Diagnostics IPO GMP | Kostak | Subject to Sauda |
| 14 August 2021 | INR305 | – | – |
| 13 August 2021 | INR300 | – | – |
| 12 August 2021 | INR330 | – | – |
| 11 August 2021 | INR330 | – | INR3,000 |
| 10 August 2021 | INR350 | – | INR4,000 |
| 9 August 2021 | INR330 | – | INR3,400 |
| 7 August 2021 | INR350 | Few trades | INR3,800 |
| 6 August 2021 | INR330 | Few trades | – |
| 5 August 2021 | INR370 | Few trades | INR3,900 |
| 4 August 2021 | INR430 | Few trades | Few trades |
| 3 August 2021 | INR410 | Few trades | Few trades |
| 2 August 2021 | INR400 | Few trades | Few trades |
| 31 July 2021 | INR400 | – | – |
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Krsnaa Diagnostics IPO Subscription Details
| Category | Shares offered | Subscription (no. of times, at 5 PM) | ||
| Day 1 | Day 2 | Day 3 | ||
| QIB | 37,52,625 | 0.48 | 0.50 | 49.83 |
| NII | 18,76,312 | 0.15 | 4.71 | 116.30 |
| Retail | 12,50,874 | 9.55 | 21.74 | 41.76 |
| Employee | 2,32,288 | 0.21 | 0.51 | 0.98 |
| Total | 71,12,099 | 1.98 | 5.35 | 64.35 |
Krsnaa Diagnostics IPO Reviews
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Krsnaa Diagnostics IPO Allotment Status
Krsnaa Diagnostics IPO allotment is now available on KFin Technologies’ website. Click on this link to get allotment status.Â
Listing Performance of Krsnaa Diagnostics
IPO Opening Date: 4 August 2021
IPO Closing Date: 6 August 2021
Finalisation of Basis of Allotment: 11 August 2021
Initiation of refunds: 12 August 2021
Transfer of shares to demat accounts: 13 August 2021
Listing Date: 16 August 2021
Opening Price on NSE: INR1,005.55 per share (up 5.40% from IPO price)
Closing Price on NSE: INR978 per share (up 2.52% from IPO price)
