Today (December 3) is the third and final day of bidding for Suraksha Diagnostics Limited’s IPO. This total IPO was only subscribed to 25% in two days. This IPO was subscribed at 0.45% in the retail category and at 0.13% in the Non-Institutional Investors (NII) category.
This IPO opened on Friday November 29 and investors will be able to bid until tomorrow, December 3. The company aims to raise ₹846.25 crore through this issue. For this, existing investors of the company are selling 19,189,330 shares worth ₹846.25 crore through Offer for Sale i.e. OFS. Suraksha Diagnostic is not issuing any new shares for this show.
If you are also planning to invest money in it, we tell you how much you can invest in it.
What is the minimum and maximum amount that can be invested? Suraksha Diagnostic Limited has set the IPO price band at ₹420 to ₹441. Individual investors can bid on at least one lot, i.e. 34 shares. If you apply for 1 lot as per the upper IPO price band of ₹441, then you will need to invest ₹14,994.
While retail investors can apply for a maximum of 13 lots, or 442 shares. For this, investors will have to invest ₹194,922 as per the upper price band.
35% of the issue reserved for individual investors The company has reserved 50% of the issue for Qualified Institutional Buyers (QIB). Apart from this, around 35% of the shares are reserved for retail investors and the remaining 15% are reserved for non-institutional investors (NII).
Suraksha Diagnostic provides radiological testing and medical consultancy services. Suraksha Diagnostic Limited, established in 2005, provides radiological testing and medical consultancy services. The company has 8 laboratories and a central reference laboratory with 215 customer contact points. Suraksha Diagnostics provides online and offline medical consultation services to its customers under one roof through 44 diagnostic centers and 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 an initial public offering, i.e. an IPO. The company needs money to expand its business. In such a situation, instead of taking a loan from the market, the company raises funds by selling some shares to the public or issuing new shares. For this, the company brings an IPO.