Krsnaa Diagnostics IPO will open on 4th August, know how much one share is getting

Krsnaa Diagnostics IPO will open on 4th August, know how much one share is getting

New IPO News : Krsnaa Diagnostics has fixed the price band for its Rs 1200 crore IPO. The company will issue new shares worth Rs 400 crore and a price band of Rs 933-945 per share has been fixed. Under the IPO, the existing shareholders will sell 85.3 lakh shares (offer for sale). The company will raise Rs 1213.76 crore through this IPO. The IPO will open for subscription on August 4 and will close on August 6.

Will sell existing shareholding 85.3 lakh shares

Under the offer for sale, PHI Capital Trust-PHI Capital Growth Fund-I will sell 10.6 lakh shares. While Kitara PIIN 1104 33.4 lakh shares, Somerset Indus Healthcare Fund 35.6 lakh and Lotus Management Solutions. Will sell 21,380 shares. JM Financial Ltd, DAM Capital Advisors Ltd, Inquires Capital Pvt Ltd and IIFL Securities have been appointed as Lead Managers for book running of this IPO.

The company will use the funds raised through the IPO to set up diagnostic centers in Punjab, Karnataka, Himachal Pradesh and Maharashtra. The company will use about Rs 125 crore to repay the loan. By the end of June, the company had a debt of about Rs 142 crore.

New IPO News: There will be a flurry of IPO throughout the year, investors have a lot of opportunity to earn in the plan of Rs 1 lakh crore

One and a half dozen IPOs may come in August

IPO of about one and a half dozen companies can come next month. There have been 28 IPOs so far this year. Companies have raised 42 thousand crores from them. It is believed that in the remaining five months, if there is a lot of IPOs like this, then up to one lakh crore rupees can be raised from investors. Due to the stock market being bullish, more and more companies are engaged in raising capital through IPO. Pranav Haldia of Prime Database told ‘Indian Express’ that the pace of IPO coming in the coming days will depend on the rally in the stock market. In 2013, when there was a recession in the stock market, companies that had announced to bring IPO had stopped public issue of Rs 75,000 crore.

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