Vijaya Diagnostic Centre IPO Details

Vijaya Diagnostic IPOVijaya Diagnostic IPO description – Vijaya Diagnostic Centre is the largest integrated diagnostic chain in southern India, by operating revenue, and also one of the fastest-growing diagnostic chain by revenue for FY2020. Its network includes 80 diagnostic centre and 11 reference laboratories across 13 cities and towns in the states of Telangana and Andhra Pradesh and in the National Capital Region and Kolkata. During FY2021, the company derived 96.2% of its revenue from operations from its core geographies, Hyderabad and rest of Telangana and Andhra Pradesh.

The company offers a comprehensive range of approximately 740 routine and 870 specialized pathology tests and approximately 220 basic and 320 advanced radiology tests that cover a range of specialties and disciplines, as of 31 March 2021. Its test menu includes pathology tests ranging from basic biochemistry and clinical pathology to cytogenetics and high-end molecular diagnostic tests, and radiology tests ranging from basic echocardiograms, X-rays and ultrasounds to advanced radiology tests including computerised tomography (“CT”) scans, magnetic resonance imaging (“MRI”) scans, single photon emission computed tomography (“SPECT”) and advanced positron emission tomography CT (“PET CT”).

Vijaya Diagnostic Centre has implemented a ‘hub and spoke’ model, whereby specimens are collected across multiple locations within a catchment area or a region for delivery to its reference laboratories for diagnostic testing. This model provides greater economies of scale and enhances consistency of its testing procedures and results. As of 31 March 2021, iits operational network consists of diagnostic centre network of (i) a flagship centre located in Hyderabad, which is its main ‘hub’ and equipped to conduct all of pathology specimens collection, basic and advanced radiology tests; (ii) 19 hub centres, which are equipped to conduct all of pathology specimens collection, basic radiology tests and certain advanced radiology tests; and (iii) 60 diagnostic centres, which are equipped to conduct a majority of pathology specimen collection and certain basic radiology tests. Its laboratory network includes (i) a national reference laboratory co-located with its flagship centre; and (ii) 10 reference laboratories co-located with certain hub centres and diagnostic centres.

Promoters of Vijaya Diagnostic Centre – Dr S Surendranath Reddy 
Vijaya Diagnostic Centre IPO details
Subscription Dates 1 – 3 September 2021
Price Band INR522 – 531 per share
Fresh issue Nil
Offer For Sale 35,688,064 shares (INR1,862.92 – 1,895.04 crore)
Total IPO size 35,688,064 shares (INR1,862.92 – 1,895.04 crore)
Minimum bid (lot size) 28 shares
Face Value  INR1 per share
Retail Allocation 35%
Listing On NSE, BSE

Vijaya Diagnostic Centre Financial Performance (in INR crore)




Q1 FY2022











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More about Vijaya Diagnostic IPO

Registrar of Vijaya Diagnostic IPO

KFin Technologies Private Limited
Selenium Tower B, Plot 31-32, Gachibowli,
Nanakramguda, Hyderabad – 500 032,
Phone: +91 40 6716 2222 
 +91 40 2343 1551
Email: [email protected]

Vijaya Diagnostic Centre Contact Details

Vijaya Diagnostic Centre Limited
# 6-3-883/F, Ground Floor of Family Planning Association of India,
Panjagutta, Hyderabad-500 082
Phone: +91 40 2342 0411
Email: [email protected]

Valuation of Vijaya Diagnostic Centre (as of FY2021)

Earnings Per Share (EPS): INR8.26
Price/Earnings (PE ratio): 63.20 – 64.29
Return on Net Worth (RONW): 23.64%
Net Asset Value (NAV): INR35.23 per share

Vijaya Diagnostic Centre IPO GMP Daily Trend

Date Vijaya Diagnostic IPO GMP Kostak Subject to Sauda
13 September 2021
11 September 2021
9 September 2021 INR5 Few trades Few trades
8 September 2021 INR5 Few trades Few trades
7 September 2021 INR5 Few trades Few trades
6 September 2021 INR5
4 September 2021 INR5
3 September 2021 INR10
2 September 2021 INR15 INR180
1 September 2021 INR15 INR180
31 August 2021 INR20 INR200
30 August 2021 INR20 INR200
28 August 2021 INR20 INR200
27 August 2021 INR40
26 August 2021 INR40

Vijaya Diagnostic Centre IPO Subscription Details

Category Shares offered Subscription (no. of times, at 5 PM)
Day 1 Day 2 Day 3
QIB 71,07,613 0.23 0.32 13.07
NII 53,30,710 0.01 0.05 1.32
Retail 1,24,38,323 0.46 0.74 1.09
Employees 1,50,000 0.24 0.52 0.98
Total 2,50,26,646 0.30 0.47 4.54

Vijaya Diagnostic IPO Reviews

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SMC Global – 2/5
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Vijaya Diagnostic IPO Allotment Status

Vijaya Diagnostic IPO allotment is now available on KFin Technologies’ website. Click on this link to get allotment status.

Listing Performance of Vijaya Diagnostic Centre

IPO Opening Date: 1 September 2021
IPO Closing Date: 3 September 2021
Finalisation of Basis of Allotment: 8 September 2021
Initiation of refunds: 9 September 2021
Transfer of shares to demat accounts: 13 September 2021
Listing Date: 14 September 2021
Opening Price on NSE: INR540 per share (up 1.69% from IPO price)
Closing Price on NSE: INR620.1 per share (up 16.78% from IPO price)


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