Market News
2 min read | Updated on December 05, 2024, 08:09 IST
SUMMARY
Suraksha Diagnostic IPO allotment status finalised: After the finalisation of the basis of allotment, shares will be transferred to the demat accounts of successful bidders on Thursday. The listing of Suraksha Diagnostic shares will occur on the NSE and the BSE on Friday, December 6 at 10 am.
Suraksha Diagnostic IPO got bids for 1.70 crore shares compared to 1.34 crore shares on offer, leading to a total subscription of 1.27 times.
Suraksha Diagnostic IPO allotment status has been finalised following the successful bidding, during which it received a 1.27 times subscription overall.
Investors who placed their bids can check their allotment status by visiting the websites of Kfin Technologies (the IPO's registrar), the BSE, and the NSE.
The ₹846 crore issue mopped up 1.74 times bids from qualified institutional buyers (QIBs), 94% subscription from retail individual investors (RIIs) and 1.40 times subscription from non-institutional investors (NIIs).
After the finalisation of the basis of allotment, shares will be transferred to the demat accounts of successful bidders on Thursday. For unsuccessful bidders, refunds will be initiated on the same day.
The listing of Suraksha Diagnostic shares will occur on the NSE and the BSE on Friday, December 6 at 10 am.
The ₹₹846.25 crore initial share sale was an offer-for-sale of 19,189,330 equity shares without a fresh issue component. The price band was fixed at ₹420-₹441 apiece.
Since it was entirely an OFS, Suraksha Diagnostic will not receive any IPO proceeds. The money raised will go toward selling shares.
Suraksha Diagnostic offers radiology and pathology testing solutions through a comprehensive operational network.
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