Krsnaa Diagnostics IPO: Check IPO Details, Date, Price | Espresso


Krsnaa Diagnostics Limited IPO – Aug 4 to 6

August 03, 2021
Krsnaa Diagnostics Limited IPO – Aug 4 to 6

Krsnaa Diagnostics Ltd. is coming out with a fresh public issue to raise Rs 1,213 crores from the market.

Key details of the issue:

  • Issue opens – Aug 4 (Wednesday)
  • Issue closes – Aug 6 (Friday)
  • Issue size – Rs 1,213 crores
  • Price band – Rs 933 to 954 per equity share
  • Bid lot – 15 shares and in multiples thereof
  • Employee reservation – Equity shares aggregating up to Rs 20 crores
  • Employee discount – Rs 93 per share

And here are some details of the company and further details on the Krsnaa Diagnostics Ltd. issue.

Company details:

Krsnaa Diagnostics Limited (Krsnaa) was incorporated on Dec 22, 2010, at Pune, Maharashtra. Krsnaa is a large and differentiated diagnostic service provider. They provide 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.

Krsnaa offers a range of diagnostics imaging services and clinical laboratory tests that includes both routine and specialized tests/studies and profiles, which are used for prediction, early detection, diagnostic screening, confirmation and/or monitoring of diseases.

They operate one of India’s largest tele-radiology reporting hubs in Pune that is able to process large volumes of X-rays, CT scans and MRI scans round the clock and 365 days a year. Krsnaa provides quality and inclusive diagnostic services at affordable rates. Since inception, they have served more than 23 million patients.

As of June 30, 2021, they had a team of 190 radiologists, 30 pathologists, 8 microbiologists and more than 2,800 qualified professionals, including clinicians, technicians and operators.

Krsnaa focuses on the public private partnership (PPP) diagnostics segment and has the largest presence in the diagnostic PPP segment. Their PPP agreements are typically long-term in nature and ensure predictability of their revenues from operations.

Their continued focus on this segment has led them to become a preferred partner for public health agencies, resulting in, since commencement of operations, 77.59% of all tenders (by number) they have bid for being granted to them. As of June 30, 2021, they have deployed 1,797 diagnostic centres pursuant to PPP agreements.

Issue size:

Rs 1,213 crores

Issue break-up:

  • QIB – 75% of the net offer – Rs 895 crores
  • NIB – 15% of the net offer – Rs 179 crores
  • RET – 10% of the net offer – Rs 119.33 crores




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