IPO NEWS, Krsnaa Diagnostics IPO - Open/Close Date, Issue Price, Size

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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.

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