Invicta Diagnostic IPO
Open SmeCurrent GMP
₹3 (+3.53%)
Price Band
₹ 80 – 85
Lot Size
1600
Issue Size
₹28.12 Cr
Minimum Investment
₹272000 (3200 Shares)
Listing Date
08 December 2025
Subscription
4.34x
About the Company
Incorporated in January 2021, Invicta Diagnostics Limited is a Mumbai-based diagnostic services provider offering comprehensive radiology and pathology solutions under its brand “PC Diagnostics.” The company operates through a hub-and-spoke model across the Mumbai Metropolitan Region, delivering accessible, high-quality diagnostic services.
Operational Footprint
Invicta Diagnostics manages 7 diagnostic centres and one central laboratory across Mumbai, comprising:
- Flagship Hub – Thane West:
Full-spectrum pathology services along with advanced radiology, including CT and MRI. - Three Additional Hubs – Bhayandar, Byculla, Marol:
Offering specialized diagnostic tests and imaging services. - Four Spoke Centres – Lower Parel, Sewri, Mazgaon, Kalwa:
Focused on basic imaging (X-ray, ultrasound) and sample collection.
Test Portfolio
Invicta Diagnostics provides an extensive range of tests, including:
- Pathology:
~60 routine tests and ~487 specialized tests. - Radiology:
~96 basic and ~130 advanced radiology tests.
Key Services
- Routine Pathology Tests:
CBC, lipid profile, liver function (LFT), kidney function (KFT), thyroid panels. - Specialized Pathology Tests:
Molecular diagnostics, immunoassays, infectious disease markers (e.g., dengue, COVID-19), cancer markers, and genetic panels. - Radiology Services:
X-ray, ultrasound, CT, MRI, and teleradiology services. - Sample Collection Network:
Home collection via trained phlebotomists and sample collection at spoke centres, ensuring wide patient reach.
Team Strength
As of May 31, 2025, the company’s workforce includes:
- 5 laboratory doctors
- 20 radiologists
- 127 trained technical staff
- 105 permanent employees in total
Promoters
- Dr. Ketan Jayantilal Jain
- Dr. Sanket Vinod Jain
- Rohit Prakash Srivastava
- Badal Kailash Naredi
- Jayesh Prakash Jain
Promoters Holding
Holding Pre Issue
90.52%
Holding Post Issue
0.00%
Objects of the Issue
The Company Invicta Diagnostic IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding capital expenditure for purchase of medical equipment towards establishment of five new diagnostic centres in Maharashtra
- General Corporate purposes
Address / Contact Info
Invicta Diagnostic Ltd.
1 GF, Plot 217, Ambavat Bhavan
N.M Joshi Marg,Delisle Road
Mumbai, Maharashtra, 400013
Phone: 022 - 4971 0036
Email: investors@pcdiagnostics.in
Website: https://www.pcdiagnostics.in/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Monday, 01 December 2025
IPO Close Date
Wednesday, 03 December 2025
Basis of Allotment
Thursday, 04 December 2025
Initiation of Refunds
Friday, 05 December 2025
Credit of Shares to Demat
Friday, 05 December 2025
Listing Date
Monday, 08 December 2025 — NSE & BSE
Important Dates
Open Date
01 December 2025
Close Date
03 December 2025
Basis Of Allotment
04 December 2025
Listing Date
08 December 2025
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|
| Assets | 21.22 | 15.89 |
| Revenue | 30.18 | 15.9 |
| Profit After Tax | 4.93 | 3.81 |
| Net Worth | 13.6 | 8.67 |
| Reserve & Surplus | 5.18 | 8.54 |
| Total Borrowings | 3.54 | 3.81 |
EPS Pre
5.32%
EPS Post
3.92%
P/E Pre
15.97
P/E (Post Issue)
21.68x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Mar 2025 | Mar 2024 |
|---|---|---|
| ROE % | 44.28 | 55.53 |
| ROCE % | 42 | 56.04 |
| Debt / Equity | 0.26 | 0.44 |
| RoNW % | 36.25 | 43.9 |
| PbW | 0 | 0 |
| Pat Margin % | 16.38 | 24.04 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 534400 | 22.8 | 0 |
| Non-Institutional | 542400 | 23.14 | 0 |
| BNII | 361600 | 15.43 | 0 |
| SNII | 180800 | 7.71 | 0 |
| Retail Investors | 1267200 | 54.06 | 0 |
| Total | 2344000 | 100 | 0 |
Subscription Status ( Wed, 03 Dec 25 01:49 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 534400 | 1875200 | 3.51x |
| Non-Institutional | 542400 | 3940800 | 7.27x |
| BNII | 361600 | 2806400 | 7.76x |
| SNII | 180800 | 1134400 | 6.27x |
| Retail Investors | 1267200 | 4361600 | 3.44x |
| Total | 2344000 | 10177600 | 4.34x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Invicta Diagnostic Ltd | 10 | 0.00 | 5.86 | 5.86 | 36.25 | 16.15 |
| Vijaya Diagnostic Centre Ltd | 1 | 72.22 | 13.95 | 13.95 | 17.99 | 77.86 |
| Krsnaa Diagnostics Ltd | 5 | 34.39 | 24.04 | 24.04 | 8.79 | 272.54 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | 272,000.00 |
| Retail (Max) | 2 | 3,200 | 272,000.00 |
| S-HNI (Min) | 3 | 4,800 | 408,000.00 |
| S-HNI (Max) | 7 | 11,200 | 952,000.00 |
| B-HNI (Min) | 8 | 12,800 | 1,088,000.00 |
Registrar
Bigshare Services Pvt Ltd
91-22-6263 8200
investor@bigshareonline.com
https://www.bigshareonline.com
Book Running Lead Managers
- Socradamus Capital Private Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Invicta Diagnostic IPO is a Book-building IPO worth ₹28.12 crores. The price band is ₹80 to 85 per share. The IPO opens on Mon, Dec 1, 2025 and closes on Wed, Dec 3, 2025. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The Invicta Diagnostic IPO opens on Mon, Dec 1, 2025 and closes on Wed, Dec 3, 2025
Invicta Diagnostic IPO Price Band is ₹80 to 85.
Invicta Diagnostic IPO lot size is 1600, and the minimum amount required for application is ₹272000.
The minimum investment for Invicta Diagnostic IPO is approximately ₹272000 based on the upper price band.
To apply for the Invicta Diagnostic IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Wed, Dec 3, 2025. After submission, funds are blocked until the basis of allotment of Invicta Diagnostic IPO is finalised.
Invicta Diagnostic IPO issue size is ₹28.12 crores.
Invicta Diagnostic IPO allotment date is Sat, Jun 27, 2026.
The registrar for Invicta Diagnostic IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Invicta Diagnostic IPO through their official website or helpline.
The Invicta Diagnostic IPO GMP (Grey Market Premium) is ₹0 as of Mon, Dec 8, 2025. Based on the upper price band of ₹85 per share, the estimated Invicta Diagnostic IPO listing price is ₹85, indicating a potential listing gain of approximately 31% over the issue price.