Star Imaging IPO
Open SmeCurrent GMP
₹5 (+3.52%)
Price Band
₹ 135 – 142
Lot Size
1000
Issue Size
₹55.66 Cr
Minimum Investment
₹284000 (2000 Shares)
Listing Date
18 August 2025
Subscription
8.27x
About the Company
Incorporated in 2004, Star Imaging & Path Lab Limited is a prominent NABL-accredited diagnostic healthcare provider, offering comprehensive medical testing services across radiology, pathology, cardiology, and neurology. With a legacy that traces back to 1978 under the name Janta X-Ray Clinic, the company has evolved into a modern diagnostic network serving individuals, hospitals, and government health agencies across multiple regions in India.
Star Imaging is known for its advanced diagnostic capabilities, state-of-the-art equipment, and a team of experienced medical professionals. The company prioritizes accuracy, timeliness, and quality in reporting, helping healthcare providers deliver effective treatment through informed diagnosis.
Operational Footprint:
Star Imaging operates in key markets including:
- Delhi NCR – Serving B2C, B2B, and B2G segments
- Uttar Pradesh – Primarily B2G diagnostic services
- Nashik – Government healthcare (B2G) segment
As of September 30, 2024, the company employs 209 full-time staff, including executive directors, technologists, and administrative personnel.
Core Services:
Radiology
- Digital X-rays (Allengers 525R SR, AGFA CR 85-X)
- Mammography (Fujifilm AMULET)
- CT Scans (GE Optima CT660)
- 4D & 5D Ultrasound Imaging (Samsung 5D V6)
- Bone Mineral Density (GE DEXA)
- Dental OPG (Cone Beam)
- Centralized Tele-Radiology Hub for remote diagnostics
Pathology
- Biochemistry, Hematology, and Microbiology
- Histopathology and Cytopathology
- Immunology and PCR Testing
Diagnostics
- Routine Health Check-ups
- Specialized Testing for complex diagnostic needs
Competitive Strengths:
- Accurate and Reliable Diagnostics: Backed by advanced technology and stringent quality control.
- Specialized Medical Expertise: Experienced radiologists and pathologists ensure high diagnostic standards.
- Efficient Sample Collection & Processing: Robust systems for proper handling, analysis, and reporting.
Promoters
- Mr. Pawan Gupta
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
71.92%
Objects of the Issue
The Company Star Imaging IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- To Meet Working Capital Requirement
- Repayment/prepayment of certain borrowings availed of by our Company
- Funding the Capital expenditure towards installation of medical equipment in running facilities
- General corporate purposes
Address / Contact Info
Star Imaging & Path Lab Limited
4B/4, Tilak Nagar, Near Sant Pura,
Tilak Nagar West Delhi,
New Delhi- 110018
Phone: +91 9990019189
Email: cs@starimaging.in
Website: https://www.starimaging.in/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Friday, 08 August 2025
IPO Close Date
Tuesday, 12 August 2025
Basis of Allotment
Wednesday, 13 August 2025
Initiation of Refunds
Thursday, 14 August 2025
Credit of Shares to Demat
Thursday, 14 August 2025
Listing Date
Monday, 18 August 2025 — NSE & BSE
Important Dates
Open Date
08 August 2025
Close Date
12 August 2025
Basis Of Allotment
13 August 2025
Listing Date
18 August 2025
Financial Performance (₹ in Crores)
| Particular | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 82.64 | 81.64 | 61.23 | 58.34 |
| Revenue | 42.67 | 79.97 | 58.68 | 69.27 |
| Profit After Tax | 6.21 | 12.45 | 0.58 | 6.29 |
| Net Worth | 37.56 | 31.35 | 18.93 | 18.36 |
| Reserve & Surplus | 36.06 | 29.85 | 17.43 | 16.86 |
| Total Borrowings | 29.29 | 30.64 | 26.56 | 29.56 |
EPS Pre
9.23%
EPS Post
7.13%
P/E Pre
15.39
P/E (Post Issue)
19.91x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI As On |
|---|---|
| ROE % | 18.03 |
| ROCE % | 14.13 |
| Debt / Equity | 0.98 |
| RoNW % | 39.72 |
| PbW | 0 |
| Pat Margin % | 15.81 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| 871000 | 28.03 | 0 | |
| Non-Institutional | 657000 | 21.14 | 0 |
| BNII | 438000 | 14.09 | 0 |
| SNII | 219000 | 7.05 | 0 |
| Retail Investors | 1528000 | 49.16 | 0 |
| Employees | 52000 | 1.67 | 0 |
| Total | 3588000 | 100 | 0 |
Subscription Status ( Tue, 12 Aug 25 01:33 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 0 | 11188000 | 0x |
| Non-Institutional | 657000 | 3358000 | 5.11x |
| Retail Investors | 1528000 | 3532000 | 2.31x |
| Total | 2185000 | 18078000 | 8.27x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | 284,000.00 |
| Retail (Max) | 2 | 2,000 | 284,000.00 |
| S-HNI (Min) | 3 | 3,000 | 426,000.00 |
| S-HNI (Max) | 7 | 7,000 | 994,000.00 |
| B-HNI (Min) | 8 | 8,000 | 1,136,000.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- Share India Capital Services Private Limited
RHP Document
DRHP Document
Anchor Investors
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.
Star Imaging IPO is a Book-building IPO worth ₹55.66 crores. The price band is ₹135 to 142 per share. The IPO opens on Fri, Aug 8, 2025 and closes on Tue, Aug 12, 2025. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Star Imaging IPO opens on Fri, Aug 8, 2025 and closes on Tue, Aug 12, 2025
Star Imaging IPO Price Band is ₹135 to 142.
Star Imaging IPO lot size is 1000, and the minimum amount required for application is ₹284000.
The minimum investment for Star Imaging IPO is approximately ₹284000 based on the upper price band.
To apply for the Star Imaging 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 Tue, Aug 12, 2025. After submission, funds are blocked until the basis of allotment of Star Imaging IPO is finalised.
Star Imaging IPO issue size is ₹55.66 crores.
Star Imaging IPO allotment date is Sat, Jun 27, 2026.
The registrar for Star Imaging IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Star Imaging IPO through their official website or helpline.
The Star Imaging IPO GMP (Grey Market Premium) is ₹5 as of Mon, Aug 18, 2025. Based on the upper price band of ₹142 per share, the estimated Star Imaging IPO listing price is ₹147, indicating a potential listing gain of approximately 31% over the issue price.