Vijaya Diagnostic Centre IPO GMP, Subscription Status. Last Day to Invest, Should you?
News 18Vijaya Diagnostic Centre Limited had opened its initial public offering on Wednesday and it completed its second day of trading on Thursday. The public issue was subscribed around 47 per cent on Friday or 0.47 times at the end of the second day of trading by investors. The Vijaya Diagnostic Centre IPO carried an issue size of Rs 1,895.04 core which consisted entirely of an offer for sale that amounted to the same value. This indicated that the issue was trading at a premium of Rs 532 to Rs 541 per equity share on the unlisted grey market. Speaking on the position of the company, HDFC Securities said, “Vijaya Diagnostic Centre Ltd is the largest integrated diagnostic chain in southern India, by operating revenue, and also one of the fastest-growing diagnostic chain by revenue for fiscal year 2020.” HDFC Securities added, “For the three months ended June 30, 2021, and the fiscal year 2021, it derived 95.91% and 96.20% of its revenue from operations from its core geographies, Hyderabad and rest of Telangana and Andhra Pradesh, respectively.” Vijaya Diagnostic Centre had delivered revenue growth of 13 per cent CAGR for FY19-20.