Vijaya Diagnostic Center’s preliminary public providing (IPO) will record on the bourses tomorrow i.e. September 13. The Kedaara Capital-backed diagnostic chain’s was completely a proposal on the market of 35.69 million shares by current shareholders and promoters, together with Dr S Surenranath Reddy, Karakoram and Kedaara Capital Alternative Investment Fund – Kedaara Capital AIF I. The shares have been offered within the worth band of Rs 522-531 a share.
Vijaya Diagnostic Center won’t obtain any IPO proceeds as the first market situation was purely a proposal on the market.
Promoted by Dr S Surendranath Reddy, Vijaya Diagnostic Center is among the many largest built-in diagnostic chains in south India. It provides pathology and radiology testing companies at 80 diagnostic facilities and 11 reference laboratories throughout 13 cities and cities in Telangana, Andhra Pradesh, NCR and Kolkata.
Edelweiss Financial Services, ICICI Securities and Kotak Mahindra Capital are the e book working lead managers to the general public situation, whereas KFintech is the registrar to the problem.