Vijaya Diagnostic Centre makes muted debut, lists at 2% premium on BSE

The stock opened at Rs542.30, 2% higher against the issue price of Rs531 per share on the BSE, whereas on the NSE it opened at Rs540.

Sep 14, 2021 11:09 IST India Infoline News Service

Shares of Vijaya Diagnostic Centre made a muted debut on the stock exchange today. The stock opened at Rs542.30, 2% higher against the issue price of Rs531 per share on the BSE, whereas on the NSE it opened at Rs540.

The qualified institutional buyers (QIBs) category was subscribed 13.07 times. The non-institutional investors (NIIs) category was subscribed 1.32 times. The retail individual investors (RIIs) category was subscribed 1.09 times.

The stock is currently trading at Rs579.15 up by Rs48.15 or 9.07% from its previous closing of Rs531 on the BSE.

The scrip opened at Rs542.30 and has touched a high and low of Rs588.05 and Rs533.65 respectively.

The issue opened for bidding on Wednesday (1 September 2021) and closed on Friday (3 September 2021). The price band of the IPO was fixed at Rs 522-531 per share.

The IPO was a pure offer for sale of 35.68 crore shares by Dr. S. Surendranath Reddy, Karakoram and Kedaara Capital Alternative Investment Fund (AIF)-1. The company will not raise fresh capital for its business from the IPO.

Vijaya Diagnostic offers one-stop solution for pathology and radiology testing services to the customers through 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 in the National Capital Region and Kolkata on 30 June 2021.

The company reported net profit of Rs 32.94 crore and sales of Rs 122.69 crore for the quarter ended 30 June 2021.

Related Story

Open Free Demat Account (Rs699)