Hyderabad-headquartered Vijaya Diagnostic Centre’s Initial Public Offer (IPO) will be opened for subscription on 1 September 2021. The Rs 1,895.04 crore IPO will close on 3 September 2021. The company’s price band for IPO has been fixed at Rs 522 to 531. Investors can subscribe to the IPO by betting for a lot of 28 shares or in multiples thereof. The IPO consists of an offer for sale of up to 35,688,064 shares by existing shareholders. The issue size stands at Rs 1,894 crore at the upper end of the price band and the after issue implied market cap is Rs 5,414 crore.
Vijaya Diagnostic Centre, on its website, describe itself as a company that facilitates the provision of timely, affordable and state-of-art diagnostic care in a safe and secure environment. Its diagnostic space is equipped with instruments and devices of the “highest” technical standards and managed by the most “skilled” radiologists and pathologists to meet the needs of the physicians and patients. “We keep track of the technological advancements and offer our customers access to the latest developments in diagnostic medicare. To achieve consistent safety and quality, we comply with the most stringent quality and ethical norms. We continuously expand our value-added services to better serve patients with dignity, respect and compassion,” it said.