Suraksha Diagnostic Limited IPO (Suraksha Diagnostic IPO) Details

Suraksha Diagnostic Limited is an Healthcare - Hospitals And Clinic based company, located in Kolkata, Suraksha Diagnostic Limited IPO size was 846.25 Cr. and was issued at 441.00 per share. The share of Suraksha Diagnostic Limited were listed at 437.00 per share and are currently trading at 287.25 per share.

Kolkata

Healthcare - Hospitals And Clinic

Type :

Sub Sector : Offers Pathology, Radiology Testing And Medical Consultancy Services

MainBoard IPO

Financial Summary (at the time of ipo, on annualised basis)

Revenue :

247.40 Cr.

PAT :

30.68 Cr.

Pricing Report

Issue Price :

441.00

Listing Price :

437.00

Current Market Price :

287.25

Issue Price vs CMP :

153.75 (34.86%)

listing Price vs CMP :

149.75 (34.27%)

Performance Report (CAGR* wise)

CAGR : -86.89

-ve 0 6 9 12+

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

About Suraksha Diagnostic

Company Information

Suraksha Diagnostic Limited is the largest full-service and integrated diagnostic chain headquartered in east India, by operating income as of Fiscal 2023. They also reported the highest compounded annual growth rate (“CAGR”) of 20.87% in terms of non-COVID revenues between Fiscals 2022 and 2024 among peers Agilus Diagnostics Limited, Dr. Lal Pathlabs Limited, Metropolis Healthcare Limited, Thyrocare Technologies Limited. (Source: CRISIL Report). They offer a one-stop integrated solution for pathology and radiology testing, and medical consultation services to their customers through their extensive operational network, consisting of their flagship central reference laboratory, 8 satellite laboratories (co-located with the diagnostic centers) and 194 customer touchpoints which include 48 diagnostic centers , and 146 sample collection centers (primarily franchised), as of March 31, 2024 across the states of West Bengal, Bihar, Assam, and Meghalaya. For details of their operational network, their flagship central reference laboratory holds the College of American Pathologists accreditation. As of March 31, 2024, they are the only company providing diagnostic services and having a reference laboratory in East and North-East India to hold the College of American Pathologists accreditation of their laboratories hold National Accreditation Board for Testing and Calibration Laboratories (“NABL”) and 2 of the advanced diagnostic centers hold National Accreditation Board for Hospitals & Healthcare Providers (“NABH”) accreditations. As of March 31, 2024, 43 of the diagnostic centers also housed 120 polyclinic chambers hosting 750+ specialized doctors for patient convenience. During the Fiscal 2024, they conducted approximately 5.98 million tests serving approximately 1.14 million patients and derived 95.48% of their revenue from operations from their core geography, Kolkata and the rest of West Bengal.

Object of Issue

Offer related expenses
Offer for Sale

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Detailed Review

Suraksha Diagnostic MainBoard IPO Details (at the time of IPO)

IPO Type :

Book Building

IPO Date :

Dec, 2024

IPO Size :

846.25 Cr.

Market Cap :

2296.76 Cr.

IPO Subscription :

1.27 X

PE Multiple :

74.89

Merchant Banker :
ICICI Securities Limited

IPO Registrar:
Kfin Technologies Limited

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FAQs

1. What is Suraksha Diagnostic IPO?

Suraksha Diagnostic operates in Healthcare - Hospitals And Clinic and Offers Pathology, Radiology Testing And Medical Consultancy Services. The Issue is listed on MainBoard in Dec, 2024. Suraksha Diagnostic IPO size was 846.25 Cr. with Issue price of 441.00 .

2. Who is the merchant banker of Suraksha Diagnostic IPO?

Merchant Banker(s) of Suraksha Diagnostic IPO: ICICI Securities Limited , Nuvama Wealth Management Limited , SBI Capital Markets Limited

3. How many times Suraksha Diagnostic IPO was subscribed?

Suraksha Diagnostic IPO subscription was 1.27 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

4. What is the listing price of Suraksha Diagnostic IPO?

Suraksha Diagnostic IPO listed at a listing price of 437.00 against the offer price of 441.00.

5. What is the current market price of Suraksha Diagnostic IPO?

The current market price of Suraksha Diagnostic is 287.25.

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