The Initial Public Offer i.e. IPO of Suraksha Diagnostic Limited has opened today. Investors can bid for this issue till December 3. The company’s shares will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on December 6. Through this issue, the company wants to raise Rs 846.25 crore. For this, the existing investors of the company will sell 19,189,330 shares worth Rs 846.25 crore through Offer for Sale i.e. OFS. Suraksha Diagnostic will not issue a single fresh share for this issue. If you are also planning to invest money in it, then we are telling you how much you can invest in it. How much minimum and maximum money can you invest?
Suraksha Diagnostic Limited has fixed the price band of IPO as ? 420-? 441. Retail investors can bid for a minimum of one lot i.e. 34 shares. If you apply for 1 lot as per the upper price band of IPO of ?441, then you will have to invest ?14,994 for it. At the same time, retail investors can apply for maximum 13 lots i.e. 442 shares. For this, investors will have to invest ?194,922 as per the upper price band. 35% of the issue reserved for retail investors
The company has reserved 50% of the issue for qualified institutional buyers (QIB). Apart from this, about 35% is reserved for retail investors and the remaining 15% is reserved for non-institutional investors (NII). Suraksha Diagnostic provides radiology testing and medical consultancy services
Suraksha Diagnostic Limited was established in 2005, which provides radiology testing and medical consultancy services. The company has 8 laboratories and a central reference laboratory with 215 customer touchpoints. Suraksha Diagnostics provides online and offline medical consultation services to its customers under one roof through 44 diagnostic centers, 120 polyclinics with over 750 doctors. What is an IPO?
When a company issues its shares to the general public for the first time, it is called an Initial Public Offering i.e. IPO. The company needs money to expand its business. In such a situation, instead of taking a loan from the market, the company raises money by selling some shares to the public or by issuing new shares. For this, the company brings an IPO.
