IPO NEWS, Krsnaa Diagnostics IPO - Open/Close Date, Issue Price, Size
Author: Libord Brokerage Pvt. Ltd Posted on 03 Aug 2021 11:55:43Category : ipo news
Krsnaa Diagnostics Ltd is one of the fastest-growing diagnostic chains in India. The company offers a wide range of diagnostic services such as imaging/radiology services (X-rays, MRI, etc.), routine clinical laboratory tests, pathology, and tele-radiology services to private and public hospitals, medical colleges, and community health centres.
Krsnaa Diagnostics IPO Details:
- The issue opens on 4 August 2021 and closes on 6 August 2021.
- The offer comprises of a fresh issue of shares worth ₹ 400 crore and an offer for sale of shares of 9,416,377 equity shares by existing selling shareholders.
- DAM Capital Advisors Ltd, Equirus Capital Private Ltd, IIFL Securities Ltd and JM Financial Limited are the book running lead managers to the issue.
- The company proposes to utilise the net proceeds from the issue to finance the cost of establishing diagnostics centres at Punjab, Karnataka, Himachal Pradesh, and Maharashtra, repayment/pre-payment of firm's borrowings fully or partially and for general corporate purposes.
An IPO or an Initial Public Offering, can no doubt be a lucrative investment opportunity for a variety of investors in the stock market. However, like all investments, any potential IPOs should first be researched and thoroughly vetted by the investor. You too can start investing in the various IPOs available on the stock market by opening a demat account and trading account with Libord Brokerage Pvt. Ltd.
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