Krsnaa Diagnostics Ltd. has announced public offering of 12718392 shares at a price of Rs 5.00 each for Cash at a Premium of Rs 949.00 per share. The gross proceeds of the issue are expected to be Rs 1,21,333.46 lakhs.

The company's initial public offer (IPO) will open on 04 August 2021 and is expected to close on 06 August 2021, subject to customary closing conditions. The price band of the issue has been fixed at Rs 933.00-954.00 per share.

The IPO includes a fresh Issue of 12718392 Equity Shares of the Company at an price of Rs 954.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 15 shares with bids in multiples of 15.

Krsnaa Diagnostics Ltd. anticipates using the proceeds of the issue for Proposing to finance the cost of establishing diagnostics centres at Punjab, Karnataka, Himachal Pradesh and Maharashtra

Repayment/prepayment, in full or part, of borrowings from banks and other lenders availed by the Company

General corporate purposes.

Equirus Capital Private Limited,JM Financial Ltd.,IIFL Securities Limited,DAM Capital Advisors Limited as lead manager(s) & KFIN Technologies Pvt. Ltd. is the registrar, to the issue.