The initial public offer i.e. IPO of Suraksha Diagnostic Limited will open on November 29. Investors will be able to bid for this issue till December 3. The company's shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on 6 December.
The company wants to raise ₹846.25 crore through this issue. For this, the existing investors of the company will sell 19,189,330 shares worth ₹ 846.25 crore through Offer for Sale i.e. OFS. Suraksha Diagnostics will not issue any fresh shares 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.
What is the minimum and maximum amount that can be invested?
Suraksha Diagnostic Limited has fixed the IPO price band at ₹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.
Whereas, 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% share is reserved for retail investors and the remaining 15% share is reserved for non-institutional investors (NII).
Suraksha Diagnostics provides radiology testing and medical consultancy services.
Suraksha Diagnostic Limited, established in 2005, provides radiology testing and medical consultancy services. The company has a central reference laboratory with 8 laboratories and 215 customer touchpoints. Suraksha Diagnostics provides online and offline medical consultation services to its customers under one roof through 44 diagnostic centres, 120 polyclinics with over 750 doctors.
What is IPO?
When a company issues its shares to the general public for the first time, it is called Initial Public Offering i.e. IPO. The company needs money to expand its business. In such a situation, instead of taking loan from the market, the company raises money by selling some shares to the public or issuing new shares. For this the company brings IPO.
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