Suraksha Diagnostics IPO: Comprehensive Details
Key Highlights
Issue Type: Entirely an Offer for Sale (OFS)
IPO Size: ₹846.25 crore (1.92 crore shares)
Price Band: ₹420–₹441 per share
Minimum Lot Size: 34 shares, ₹14,994 minimum investment
Listing: Shares will list on NSE and BSE
Book Running Lead Managers: ICICI Securities, Nuvama Wealth Management, and SBI Capital Markets
Company Overview
Suraksha Diagnostics, established in 2005, is a leading diagnostics service provider in eastern India. The company offers pathology, radiology, and medical consultancy services, with infrastructure comprising:
1 central reference laboratory
8 satellite labs
215 touchpoints, including diagnostic centers and collection centers
The services are accredited by CAP and NABL, ensuring quality standards
IPO Schedule
Anchor Investors Allocation: November 28, 2024
Open Dates: November 29 – December 3, 2024
Allotment Finalization: December 4, 2024
Refund Initiation: December 5, 2024
Credit of Shares: December 5, 2024
Listing Date: December 6, 2024.
Objective
The IPO does not involve a fresh issue of shares; the proceeds will be used to provide an exit to existing shareholders, with no direct impact on company operations or growth funding
Subscription Status
As of December 3, 2024 (early estimates):
Retail: 0.75x subscribed
Non-Institutional Investors (NII): 0.85x subscribed
Qualified Institutional Buyers (QIB): 1.52x subscribed
Overall: Approximately 1.19x subscribed.
Strengths and Risks
Strengths:
Market leader in eastern India with strong brand recognition.
Advanced clinical infrastructure.
Comprehensive diagnostic offerings spanning pathology and radiology.
Risks:
Dependency on operations in West Bengal (regional concentration).
High competition in the diagnostics sector.
Reliance on third-party vendors for equipment.
Financial agreements and debt may limit flexibility.
If you’d like to participate, applications close by 5 PM on December 3, 2024. Visit platforms like Zerodha, 5Paisa, or the registrar’s site for application processes and allotment updates.
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Rajesh Pant is a Civil Engineer and Infrastructure Management professional with approximately 25 years of experience in the planning, implementation, coordination, management and execution of large-scale government infrastructure projects. His professional experience encompasses project management, procurement, contract administration, construction management and quality control of infrastructure projects.
He also possesses nearly eight years of experience in Externally Aided Projects (EAPs), particularly in project implementation, procurement and contract management of World Bank-funded projects. His professional exposure includes working with projects financed by multilateral development organisations, providing valuable insights into international procurement practices, project implementation frameworks and contract management requirements.
He holds a Master of Technology (M.Tech.) in Civil Engineering and a Master of Business Administration (MBA) in Infrastructure Management, combining technical engineering expertise with management and administrative capabilities.
With extensive experience in public infrastructure development and government project management, Rajesh brings a practical, multidisciplinary perspective to the fields of contract management, procurement, project management and construction management.
