Star Imaging IPO
GMP, Subscription, Price, Dates & Financial Details
Healthcare Services
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,…
Open Date
Fri, 08 Aug 2025
Close Date
Tue, 12 Aug 2025
Price Band
₹ 135 – 142
Lot Size
1000
Issue Size
₹ 55.66 Cr
Minimum Investment
₹ 284,000 (2000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Star Imaging IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹55.66 Crore, comprising a fresh issue of 34.40 Lakh equity shares aggregating to ₹48.85 Crore and an offer for sale (OFS) of 9.72 Lakh equity shares aggregating to ₹0.00 Crore by the existing shareholders.
The Star Imaging IPO remained open for subscription from August 08, 2025, to August 12, 2025. The basis of allotment was finalized on August 13, 2025, and the company's shares were listed on BSE SME Platform on August 18, 2025.
The company had fixed the price band at ₹135 to ₹142 per share, with a lot size of 1000 shares. Retail investors were required to make a minimum investment of ₹284,000 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. Share India Capital Services Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Star Imaging & Path Lab Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Star Imaging IPO Timeline (Tentative)
- IPO Open Date
- Fri, 08 Aug 25
- IPO Close Date
- Tue, 12 Aug 25
- Basis of Allotment
- Wed, 13 Aug 25
- Initiation of Refunds
- Thu, 14 Aug 25
- Credit of Shares to Demat
- Thu, 14 Aug 25
- Listing Date
- Mon, 18 Aug 25 — NSE & BSE
Open Date
08 August 2025
Close Date
12 August 2025
Basis Of Allotment
13 August 2025
Listing Date
18 August 2025
IPO Subscription
Check Live Subscription →The Star Imaging IPO has received bids for 1,80,78,000 shares against 21,85,000 shares offered, resulting in an overall subscription of 8.27x. the NII category is subscribed 5.11x, Retail Investors 2.31x, and QIBs 0x.
QIB
0x
NII
5.11x
RII
2.31x
Total
8.27x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 15,28,000 shares, representing 49.16% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (%), while Non-Institutional Investors (NIIs) receive 6,57,000 shares (21.14%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| 871,000 | 28.03% | |
| Non-Institutional | 657,000 | 21.14% |
| BNII | 438,000 | 14.09% |
| SNII | 219,000 | 7.05% |
| Retail Investors | 1,528,000 | 49.16% |
| Employees | 52,000 | 1.67% |
| Total | 3,588,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Star Imaging & Path Lab Limited KPI Information
| Particular | KPI As On |
|---|---|
| ROE % | 18.03 |
| ROCE % | 14.13 |
| Debt / Equity | 0.98 |
| RoNW % | 39.72 |
| Pat Margin % | 15.81 |
Peers Comparison
No Peer Comparision Available
About Star Imaging & Path Lab Limited
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.
Star Imaging IPO Promoters
- Mr. Pawan Gupta
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
71.92%
Star Imaging IPO Objective
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
Star Imaging & Path Lab Limited Address / Contact Details
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
Star Imaging IPO Lot Size
The Star Imaging IPO has a lot size of 1,000 shares. Retail investors require a minimum investment of ₹2,84,000 by applying for 2 lot (2,000 shares). The maximum application allowed for the retail category is 2 lots (2,000 shares), requiring an investment of ₹2,84,000.
| 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 |
Issue Reservation
- — 28.03%
- NII — 21.14%
- RII — 49.16%
- EMP — 1.67%
Book Running Lead Managers
- Share India Capital Services Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Star Imaging IPO?
Star Imaging IPO is a Book-building IPO with a total issue size of ₹55.66 crore. The Star Imaging IPO price band is ₹135 to 142 per share. The Star Imaging IPO subscription opens on Fri, Aug 8, 2025, and closes on Tue, Aug 12, 2025. The Star Imaging IPO will be listed on the BSE. KFin Technologies Limited is the registrar for the Star Imaging IPO.
When will the Star Imaging IPO open for subscription?
The Star Imaging IPO opens on Fri, Aug 8, 2025 and closes on Tue, Aug 12, 2025
What is Star Imaging IPO Price Band?
Star Imaging IPO Price Band is ₹135 to 142 per share.
What is Star Imaging IPO Lot Size?
Star Imaging IPO lot size is 1000 shares, Retail investors need a minimum investment of ₹284000 based on the upper price band
What is the minimum investment for Star Imaging IPO?
The minimum investment for Star Imaging IPO is ₹284000, based on one lot of 1000 shares at the upper price band of ₹142 per share.
How to apply for Star Imaging IPO?
Investors can apply for the Star Imaging IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Aug 12, 2025. The application amount remains blocked until the Star Imaging IPO allotment is finalized.
What is Star Imaging IPO Issue Size?
Star Imaging IPO issue size is ₹55.66 crores.
What is the Star Imaging IPO Allotment Date?
Star Imaging IPO allotment date is Wed, Aug 13, 2025.
Who is the Star Imaging IPO Registrar?
The registrar for Star Imaging IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Star Imaging IPO allotment status, refund processing, and other IPO-related information.
What is the Star Imaging IPO GMP?
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 3.52% over the issue price.
Who is the Star Imaging IPO Lead Manager?
The book-running lead managers (BRLMs) for the Star Imaging IPO are Share India Capital Services Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Star Imaging IPO Red Herring Prospectus (RHP).