Suraksha Clinic and Diagnostic IPO launches on November 29 to raise Rs 846.25 crore by offloading promoters’ and other selling shareholders’ 1.92 crore shares. The IPO closes on December 03. The company’s IPO price band ranges between Rs 420 to Rs 441 per equity share.
Suraksha Clinic and Diagnostic IPO GMP
The stocks of Suraksha Clinic and Diagnostics were neither fetching a premium nor a discount in the grey market. This indicates that the stock might list on the bourses at par with the issue price. The grey market is an irregulated place to trade shares ahead of listing.
Suraksha Clinic and Diagnostic IPO allotment and listing
The allotment for the Suraksha Clinic and Diagnostic IPO is expected to be finalised on December 4. While the listing on NSE and BSE will likely take place on December 6, as per the tentative schedule.
Minimum investment required
A retail buyer can apply for as minimum as one lot that contains 34 shares, amounting to Rs 14,994. There are different minimum requirements for small and big NIIs. A small needs a minimum investment of Rs 2,09,916 while a big NII needs Rs 10,04,598.
About Suraksha Clinic and Diagnostic
Suraksha Diagnostic offers pathology, radiology testing, and medical consultancy services. The company has a central reference laboratory with 8 satellite laboratories and 215 customer touchpoints, including 49 diagnostic centres and 166 sample collection centres across West Bengal, Bihar, Assam, and Meghalaya. The organization provides its clients with medical consultation services both online and offline through 44 diagnostic centres, which contain 120 polyclinics staffed by over 750 doctors.
BRLMs and registrar
ICICI Securities, Nuvama Wealth Management, and SBI Capital Markets are the book-running lead managers of the IPO, while Kfin Technologies is handling the work of the registrar for the issue.
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