Price band of Rs 522 to Rs 531 per equity share of face value of Re. 1 each
Vijaya diagnostic centre proposes to open its Initial Public Offering on Wednesday, September 01, 2021.
The Price Band of the offer has been fixed at Rs. 522 to Rs. 531 per Equity Share. Bids can be made for a minimum of 28 Equity Shares and in multiple of 28 Equity Shares thereafter. The Offer will close on Friday, September 03, 2021.
The Initial Public Offering comprises of an offer for sale of up to 35,688,064 equity shares by the selling shareholders, comprising of up to 5,098,296 equity shares by Dr S. Surendranath Reddy (“Promoter Selling Shareholder”), up to 29,487,290 equity shares by Karakoram Limited and up to 1,102,478 equity shares by Kedaara Capital Alternative Investment Fund- Kedaara Capital AIF 1 (“Karakoram Limited together with Kedaara Capital Alternative Investment Fund –Kedaara Capital AIF 1 referred to as “Investor Selling Shareholders”).
Company expects that listing of the equity shares will enhance its visibility and brand image and provide liquidity to shareholders and will also provide a public market for the equity shares in India.
ICICI Securities Limited, Edelweiss Financial Services Limited and Kotak Mahindra Capital Company Limited are the Book Running Lead Managers to the issue.