Vijaya Diagnostic Centre, a healthcare company, announced that it has set a price range of Rs 522-531 per share for its Rs 1,895-crore initial public offering.
The three-day initial public offering (IPO) will begin on September 1 and end on September 3. Dr S Surendranath Reddy, the promoter, and investors Karakoram Ltd and Kedaara Capital Alternative Investment Fund-Kedaara Capital AIF I are selling 35,688,064 equity shares in the IPO. Reddy will sell 50.98 lakh equity shares, Karakoram will sell 2.95 crore equity shares, and Kedaara Capital will sell 11.02 lakh shares as part of the offer for sale.
The promoter and promoter group currently own 59.78 percent of the company's shares. Reddy has a 37.78 percent ownership in the company. Karakoram and Kedaara Capital own 38.56 percent and 1.44 percent of Vijaya Diagnostic, respectively. The inaugural share sale is expected to garner around Rs 1,895 crore at the top end of the pricing band. Qualified institutional investors (QIBs) quota will be half of the issue size, retail investors quota will be 35%, and non-institutional investors quota would be 15%. Investors can bid for a minimum of 28 equity.. Vijaya Diagnostic Centre's extensive network, which includes 80 diagnostic centres and 11 reference laboratories spread across 13 cities and towns in the states of Telangana and Andhra Pradesh, as well as the National Capital Region and Kolkata, provides customers with a one-stop solution for pathology and radiology testing services.
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