Suraksha Clinic and Diagnostic IPO
Open MainLineCurrent GMP
₹13 (+2.95%)
Price Band
₹ 420 – 441
Lot Size
34
Issue Size
₹846.25 Cr
Minimum Investment
₹14994 (34 Shares)
Listing Date
06 December 2024
Subscription
1.27x
About the Company
Suraksha Diagnostic Limited is a leading provider of integrated diagnostic services, offering a comprehensive range of pathology, radiology, and medical consultation services across East and North-East India, with a network covering West Bengal, Bihar, Assam, and Meghalaya. As of June 30, 2024, Suraksha operates a central reference laboratory, 8 satellite laboratories, 49 diagnostic centers, and 166 sample collection centers. It provides over 2,300 diagnostic tests, including advanced pathology and radiology tests such as CT and MRI scans.
The company follows a "hub-and-spoke" model, where its 13 hub centers perform a full range of tests, while smaller spoke centers focus on basic services. Suraksha also integrates polyclinics within its diagnostic centers, hosting 750+ specialized doctors, offering both online and offline medical consultations.
In Fiscal 2024, Suraksha derived 95% of its revenue from its core geography of Kolkata and West Bengal, with 93.83% of revenue coming from B2C services, including individual patients using diagnostic tests, home collections, and medical consultations. The company is accredited by key bodies such as the College of American Pathologists, NABL, and NABH, ensuring high standards in its operations.
Suraksha’s strong market presence, particularly in Kolkata and surrounding regions, and its reputation for quality and convenient services have earned it industry recognition, including awards for excellence in diagnostics and customer service. The company’s strategic growth is supported by its vast network, which facilitates access to diagnostic services in remote areas, and its ability to cross-sell services through integrated health offerings.
Promoters
- Dr. Somnath Chatterjee
- Ritu Mittal
- Satish Kumar Verma
Promoters Holding
Holding Pre Issue
61.07%
Holding Post Issue
48.78%
Objects of the Issue
The Company will not receive any proceeds from the Offer for sale and all proceeds will go to the Selling Shareholders.
Address / Contact Info
Suraksha Diagnostic Limited
Plot No. DG-12/1, Action Area 1D,
Premises No. 02-0327, New Town,
Rajarhat, Kolkata 700 156 West Bengal
Phone: 91 33 66059750
Email: investors@surakshanet.com
Website: https://www.surakshanet.com
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Friday, 29 November 2024
IPO Close Date
Tuesday, 03 December 2024
Basis of Allotment
Wednesday, 04 December 2024
Initiation of Refunds
Thursday, 05 December 2024
Credit of Shares to Demat
Thursday, 05 December 2024
Listing Date
Friday, 06 December 2024 — NSE & BSE
Important Dates
Open Date
29 November 2024
Close Date
03 December 2024
Basis Of Allotment
04 December 2024
Listing Date
06 December 2024
Financial Performance (₹ in Crores)
| Particular | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 314.2 | 300.21 | 281.2 | 275.96 |
| Revenue | 61.85 | 222.26 | 193.69 | 225.77 |
| Profit After Tax | 7.67 | 23.13 | 6.07 | 20.82 |
| Net Worth | 187.05 | 179.41 | 155.93 | 145.84 |
| Reserve & Surplus | 176.8 | 170.88 | 147.4 | 137.31 |
| Total Borrowings | 7.57 | 8.64 | 14.01 | 19.03 |
EPS Pre
4.44%
EPS Post
0.00%
P/E Pre
99.31
P/E (Post Issue)
0.00x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 14.09 |
| ROCE % | 21.46 |
| Debt / Equity | 0.2 |
| RoNW % | 14.09 |
| PbW | 13.1 |
| Pat Margin % | 10.57 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 5756797 | 30 | 0 |
| Qualified Institutions | 3837867 | 20 | 0 |
| Non-Institutional | 2878400 | 15 | 0 |
| BNII | 1918934 | 10 | 0 |
| SNII | 959466 | 5 | 0 |
| Retail Investors | 6716266 | 35 | 0 |
| Total | 19189330 | 100 | 0 |
Subscription Status ( Tue, 03 Dec 24 12:58 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 3837867 | 6667332 | 1.74x |
| Non-Institutional | 2878400 | 4042124 | 1.4x |
| BNII | 1918934 | 2929950 | 1.53x |
| SNII | 959466 | 1112174 | 1.16x |
| Retail Investors | 6716266 | 6299078 | 0.94x |
| Total | 13432533 | 17008534 | 1.27x |
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) | 1 | 34 | 14,994.00 |
| Retail (Max) | 13 | 442 | 194,922.00 |
| S-HNI (Min) | 14 | 476 | 209,916.00 |
| S-HNI (Max) | 66 | 2,244 | 989,604.00 |
| B-HNI (Min) | 67 | 2,278 | 1,004,598.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- ICICI Securities Limited
- Nuvama Wealth Management Limited
- SBI Capital Markets 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.
Suraksha Clinic and Diagnostic IPO is a Book-building IPO worth ₹846.25 crores. The price band is ₹420 to 441 per share. The IPO opens on Fri, Nov 29, 2024 and closes on Tue, Dec 3, 2024. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Suraksha Clinic and Diagnostic IPO opens on Fri, Nov 29, 2024 and closes on Tue, Dec 3, 2024
Suraksha Clinic and Diagnostic IPO Price Band is ₹420 to 441.
Suraksha Clinic and Diagnostic IPO lot size is 34, and the minimum amount required for application is ₹14994.
The minimum investment for Suraksha Clinic and Diagnostic IPO is approximately ₹14994 based on the upper price band.
To apply for the Suraksha Clinic and 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 Tue, Dec 3, 2024. After submission, funds are blocked until the basis of allotment of Suraksha Clinic and Diagnostic IPO is finalised.
Suraksha Clinic and Diagnostic IPO issue size is ₹846.25 crores.
Suraksha Clinic and Diagnostic IPO allotment date is Sat, Jun 27, 2026.
The registrar for Suraksha Clinic and Diagnostic IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Suraksha Clinic and Diagnostic IPO through their official website or helpline.
The Suraksha Clinic and Diagnostic IPO GMP (Grey Market Premium) is ₹13 as of Fri, Dec 6, 2024. Based on the upper price band of ₹441 per share, the estimated Suraksha Clinic and Diagnostic IPO listing price is ₹454, indicating a potential listing gain of approximately 31% over the issue price.