Suraksha Diagnostic Limited IPO

Mainboard

Healthcare Service Provider

Listed On: Dec 6, 2024 at ₹ 438.0(NSE)

₹ 14994 /34 Shares

Check Allotment

Price Summary

Last Closing

417.05 (-5.43%)

52 Week High

449.00

52 Week Low

414.95

Last Update

6-Dec-2024 3:30 PM

Suraksha Diagnostic IPO Details

29 Nov, 2024

Open Date

03 Dec, 2024

Close Date

04 Dec, 2024

Allotment Date

06 Dec, 2024

Listing Date

Issue Price

₹420-441 per equity share

Face Value

₹2 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Kfin Technologies Limited

List Price

438.0(NSE)

Listing Date

2024-12-06

Market Lot

Retail : 34 Shares (₹14,994/-)
S-HNI : 476 Shares (₹2,09,916/-)
B-HNI : 2,278 Shares (₹10,04,598/-)

Lead Manager

ICICI Securities Limited
Nuvama Wealth Management Limited
SBI Capital Markets Limited

Issue Size

OFS : 19,189,330 shares of ₹2(aggregating up to ₹846.2 Crores)

Retail Portion

35% (Number of Retail Applications: 1,97,357 Approx),
(Number of S-HNI Applications : 2,016 Approx),
(Number of B-HNI Applications : 4,031 Approx)

Subscription

1.27 times

IPO Docs

DRHP RHP ANCHOR

Suraksha Diagnostic IPO Subscription Details

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	3,837,867	2,878,400 1,918,934 959,466	6,716,266	13,432,533
Day 1 - 29-11-24 05:00 PM	0.00 x	0.04 0.02 x 0.08 x	0.20 x	0.11 x
Day 2 - 02-12-24 05:00 PM	0.00 x	0.13 0.08 x 0.23 x	0.45 x	0.25 x
Day 3 - 03-12-24 05:00 PM	1.74 x	1.40 1.53 x 1.16 x	0.94 x	1.27 x

Total No. of Applications: 1,47,938 (Approx)

Suraksha Diagnostic Valuations

Earnings Per Share (EPS)

₹4.44/-

P/E Ratio

99.31

RoNW

14.09%

Net Asset Value (NAV) - As on 31.03.22

₹N/A

Suraksha Diagnostic Company Financials All values are in ₹ Cr.

	31-Mar-24	31-Mar-23	31-Mar-22
Assets	300.21	281.20	275.96
Revenue	222.26	193.69	225.77
Profit After Tax	23.13	6.07	20.82

About The Company

On March 15, 2005, Suraksha Diagnostic Limited began its operation as a leading technology-driven diagnostic chain in India. The company provides integrated pathology, radiology, and medical consultancy services under one umbrella with an excellent operational network. As of date, more than 2,300 specialized tests in various disciplines of medicine meet diverse health needs.

Comprehensive Diagnostic Network:Suraksha Diagnostic runs a state-of-the-art central reference laboratory supported by 8 satellite laboratories and 194 customer contact points, including 48 diagnostic centers and 146 sample collection centers. This extensive infrastructure thus provides seamless patient experience, convenient and accessible across eastern and northeastern India.

Besides offering diagnostic services, over 120 polyclinics function in 43 diagnostic centers with more than 750 doctors across the organization to offer in-house medical consultations for improving patient care.

Suraksha Diagnostic - Strength and Weakness

Strength

Leading presence in eastern India’s diagnostic market with growth potential in a fragmented industry.

Provides comprehensive diagnostics, including pathology, radiology, and consultations.

Recognized brand with a focus on quality, supporting individual consumer business.

Equipped with advanced clinical infrastructure and skilled personnel for reliable services.

Weakness

The company’s business relies heavily on West Bengal, and any loss of business in this region may negatively impact overall performance.

The company depends on third-party vendors for testing equipment, and supply disruptions could affect operations.

The diagnostics industry is highly competitive, which could lead to price cuts that affect profits.

Suraksha Diagnostic - Peers Comparison

	P/B Ratio	P/E Ratio	RoNW	Net Worth
Suraksha Diagnostic	12.6	99.3	14.1%	222
Dr Lal Pathlabs	12.7	63.5	20.4%	2,346
Metropolis Healthcare	9.28	74.4	12.2%	1,285
Thyrocare Tech	11.2	60.0	13.3%	571
Vijaya Diagnostic	16.1	87.2	17.8%	627

Suraksha Diagnostic - Promoter(s)

Pre Issue Share Holding: N/A%

Post Issue Share Holding: N/A%

Company Promoter(s)

Dr. Somnath Chatterjee
Ritu Mittal
Satish Kumar Verma

Suraksha Diagnostic IPO - Issue Objectives

The Company will not receive any proceeds from the Offer for sale and all proceeds will go to the Selling Shareholders.

Suraksha Diagnostic IPO - Anchor Investors

Suraksha Diagnostic raises Rs 254 cr via anchor subscribed ahead of Rs 846 Crore IPO.

Nippon Life India, Kotak Mutal Fund, Aditya Birla Sun Life Trustee, and Quant Mutual Fund are the biggest investors in the company through anchor book, acquiring 7.93 lakh equity shares worth Rs 35 crore each, while Carnelian Bharat Amritkaal Fund picked 6.8 lakh shares worth Rs 30 crore.

Mirae Asset, JM Financial, Bandhan Mutual Fund, Troo Capital, Intergrated Core Strategies, Tusk Investments Equity Fund, and Societe Generale are other investors participated in the anchor book.

Other Details

Company Contact Details

Suraksha Diagnostic

Plot No. DG-12/1, Action Area 1D, Premises No. 02-0327, New Town, Rajarhat Kolkata 700 156

Phone: +91 33 66059750

Email: investors@surakshanet.com

Website: https://www.surakshanet.com/

Registrar Contact Details

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: sdl.ipo@kfintech.com

Website: https://kosmic.kfintech.com/ipostatus/

Suraksha Diagnostic IPO - FAQs

Ans. Suraksha Diagnostic Limited IPO is a Mainboard IPO. The issue is priced at ₹420-441 per equity share. The minimum order quantity is 34 Shares. The IPO opens on Nov 29, 2024, and closes on Dec 3, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Suraksha Diagnostic Limited IPO opens on Nov 29, 2024 and closes on Dec 3, 2024.

Ans. The size of Suraksha Diagnostic Limited IPO is OFS : 19,189,330 shares of ₹2(aggregating up to ₹846.2 Crores).

Ans. The IPO price band is set between ₹420-441 per equity share.

Ans. To apply for Suraksha Diagnostic Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Suraksha Diagnostic Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Suraksha Diagnostic Limited IPO is Dec 4, 2024.

Ans. The Suraksha Diagnostic Limited IPO will be listed on Dec 6, 2024.

Ans. Follow the steps to check the allotment status for Suraksha Diagnostic Limited IPO here.