Suraksha Diagnostic
Listed
Listed
IPO Timeline
Issue open date
29 Nov 2024Issue close date
3 Dec 2024UPI mandate deadline
3 Dec 2024Allotment finalization
4 Dec 2024Refund initiation
5 Dec 2024Share credit
5 Dec 2024Listing date
6 Dec 2024Mandate end date
18 Dec 2024Lock-in end date for anchor investors (50%)
3 Jan 2025Lock-in end date for anchor investors (remaining)
4 Mar 2025Key Dates
Open
29 Nov 2024Close
3 Dec 2024Listing
6 Dec 2024Quick Stats
Issue Size:846cr
Lot Size:34 shares
About the Company
Suraksha Diagnostic Limited, incorporated in 2005, operates as an integrated diagnostic service provider in East India, covering pathology, radiology, and medical consultation. With central reference and satellite labs, along with diagnostic centres, the company provides accessible diagnostic services, accredited by the College of American Pathologists and NABL, across regions including West Bengal, Bihar, Assam, and Meghalaya.
Strengths
- Leading presence in eastern India’s diagnostic market with growth potential in a fragmented industry.
- Provides comprehensive diagnostics, including pathology, radiology, and consultations.
- Equipped with advanced clinical infrastructure and skilled personnel for reliable services.
- Recognized brand with a focus on quality, supporting individual consumer business.
Risks
- The company’s business relies heavily on West Bengal, and any loss of business in this region may negatively impact overall performance.
- Keeping up with new tests and technology is essential; falling behind could weaken the company’s competitive edge.
- The company depends on third-party vendors for testing equipment, and supply disruptions could affect operations.
- Franchisees run many collection centres, and failing to meet the required standards could impact quality and reputation.
- The diagnostics industry is highly competitive, which could lead to price cuts that affect profits.
- The company has significant debt and financial agreements that may reduce flexibility and affect financial health.
Suraksha Diagnostic IPO – Frequently Asked Questions
- The price band for the Suraksha Diagnostic IPO is set at ₹420 to ₹441 per share.
- The Suraksha Diagnostic IPO opens on November 29, 2024 and closes on December 3, 2024.
- The tentative listing date for the Suraksha Diagnostic IPO is December 6, 2024.
- You can apply for the Suraksha Diagnostic IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Suraksha Diagnostic, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Suraksha Diagnostic IPO is 34 shares. Investors must apply for at least one lot (i.e., 34 shares).