Krsnaa Diagnostics IPO Grey Market Premium is available here on this page. check Krsnaa Diagnostics IPO GMP and Share Listing Date official and Check Krsnaa IPO Subscription Status. Krsnaa Diagnostics Limited has opened the IPO on 4th August 2021 and observed a healthy response yesterday. On the first day only, the offering was subscribed 1.98 times. Krsnaa IPO is to last for three days at a price band of Rs. 933-Rs. 954.
For the IPO, the company has fixed a little more than Rs. 1213 crore. Current Krsnaa IPO Subscription Status is 5.4 times till today. Now, everything will be known on 6th August when the IPO ends. To give you more updates, we have talked about the Krsnaa Diagnostics GMP Date.
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Krsnaa Diagnostics GMP
With the launch of the IPO on 4th August, Krsnaa Diagnostics has kept equity shares of Rs. 400 crore. For this, the company has kept an Offer For Sale of up to 8,525,520 stocks. Pi Capital has around 16 lakh equity shares for the Offer For Sale, Somerset Indus Healthcare has 35,63,427 shares, Kitara has 33,40,713 shares, and Lotus Management has 21,380 equity shares. As per the announcement by the company, it is possible for investors to bid for 15 equity shares minimum and in multiples of 15.
Talking about the upper price band of the IPO, it has plans of mobilizing Rs. 1213.3 crore. On Tuesday, Krsnaa Diagnostics Limited announced that it has around Rs. 537 crore from anchor investors and that it will allocate 56,28,937 equity shares (44 anchor investors).
Krsnaa Diagnostics Limited IPO Grey Market Premium
We would like to start with the anchor investors first. Avendus, HDFC Life Insurance, HSBC Global, Ma Life Insurance, Nomura, Reliance General Insurance Company, Tata Mutual Fund (MF), Elara India Opportunities Fund, ICICI Prudential, Kotak MF, and SBI MF. With the help of the issue, the company wishes to establish new diagnostics centers in Karnataka, Punjab, Himachal Pradesh, and Maharashtra. Also, the company has to repay some loans and general purposes to look after. We would also like to tell you the merchant bankers who are JM Financial Ltd., IIF Securities, DAM Capital Advisors Ltd., and Enquires Capital Pvt.
Also, we would like to inform you about Krsnaa Diagnostics Limited. The company deals with technology-enabled services like pathology/ teleradiology, clinical laboratory, imaging, etc. to private and public hospitals, health centers, and medical colleges. Furthermore, the company has the largest presence in the PPP (Diagnostics) segment.
Krsnaa IPO Subscription Status
|IPO Opening||4th August 2021|
|IPO Closing||6th August 2021|
|Type||Book Built Issue|
|Face Value||Rs. 5 per equity share|
|Market Lot||15 shares|
|KRSNAA IPO GMP||450 INR|
|Krsnaa IPO Subscription Status||5.4 times|
|IPO Price||Rs. 933 to Rs. 954 per equity share|
|Listing||BSE and NSE|
|Issue Size||Up to Rs. 1213.33 crore|
|Fresh Size||Up to Rs. 400 crore|
|OFS||8,525,520 equity shares up to Rs. 813.33 crore|
Since we are talking about Krsnaa Diagnostics IPO, we shall tell you that the issue size was 1.27 crore and now it has been reduced to 71.12 lakh shares. Also, the retail investors have subscribed to the offering 9.59 times, non-institutional investors (NIIs) did it 0.15 times, and qualified institutional buyers (QIBs) subscribed 0.48 times. Also, new employees subscribe to the issue 0.21 times.
Moreover, the company has a fresh issue of around Rs. 400 crore. Now that the listing is about to take place on 17th August 2021, the Basis of Allotment will take place on 11th August 2021. Furthermore, we shall also tell you that Krsnaa Diagnostics Limited is available at a P/E of 95x and appears expensive to its peers. Also, it’s believed that there is no harm in Krsnaa IPO Subscription Status to the issue.
Links Related to Krsnaa Diagnostics GMP Date IPO Subscription Status
|Krsnaa Diagnostics GMP Date IPO Listing||Active|
|Krsnaa IPO Subscription Status||Check Here|
FAQs on Krsnaa Diagnostics IPO Subscription Status
current Krsnaa IPO Grey Market Premium is 450 Rs till today.
currently Krsnaa Diagnostics IPO is subscribed 5.4 times.
IPO starts on 4th August 2021, closes on 6th August 2021, and the Basis of Allotment will be on 11th August 2021. Also, the Initiation of refunds will take place on 12th August 2021, Demat Accounts credits will begin on 13th August 2021, and the Listing is on 17th August 2021.
The Pre and Post Issue Share Holdings for Krsnaa Diagnostics Limited are 31.62% and 27.38%.
To apply for Krsnaa Diagnostics Limited IPO, one has to go to Zerodha. The party has to visit the Zerodha website and go to the Console link there. After that, one has to visit the Portfolio and choose the IPO link. From there you select the Bid Button of Krsnaa Diagnostics Limited IPO. Here, enter the UPI ID, Price, and Quantity. Finally submit the IPO form and approve the mandate.