Kolkata-based Suraksha Diagnostic Ltd, known for its comprehensive diagnostic services, is set to launch its Initial Public Offering (IPO) on November 29, 2024. The IPO, with a price band of Rs 42-441 per share, will have a pure Offer-for-Sale of 19,189,330 equity shares worth Rs 846.25 crore. Promoters of the company, including Somnath Chatterjee, Ritu Mittal, and Satish Kumar Verma, will be selling their stake in the IPO.
Suraksha Diagnostics IPO: A Deep Dive into the Healthcare Giant
Introduction
Suraksha Diagnostics Private Limited, a renowned healthcare provider based in Kolkata, is gearing up for its Initial Public Offering (IPO) on November 29, 2024. This major development marks a significant milestone in the company's journey, and investors eagerly await the opportunity to participate.
Company Overview
Established in 1988, Suraksha Diagnostics has become a leading player in the diagnostic sector, offering a comprehensive range of services including pathology, radiology, and genetics. With a network of over 100 diagnostic centers across India, the company has a strong national presence and a loyal customer base.
IPO Details
The Suraksha Diagnostics IPO will comprise a pure Offer-for-Sale (OFS) of 19,189,330 equity shares, with a price band of Rs 42-441 per share. The OFS will result in the dilution of 26.2% of the company's post-issue share capital.
The proceeds from the IPO will be used to fund the company's expansion plans, including the establishment of new diagnostic centers and the acquisition of advanced equipment.
Promoters and Management
Suraksha Diagnostics is promoted by a team of experienced healthcare professionals, including Somnath Chatterjee, Ritu Mittal, and Satish Kumar Verma. The company's management team boasts a deep understanding of the industry and a commitment to delivering high-quality healthcare services.
Financial Performance
Suraksha Diagnostics has consistently delivered strong financial performance, with increasing revenue and profits over the past several years. The company's financials are robust, indicating its ability to withstand market fluctuations.
Top 5 FAQs
1. When will the Suraksha Diagnostics IPO open and close? The IPO will open on November 29, 2024, and close on December 1, 2024.
2. What is the price band for the IPO? The price band for the IPO is Rs 42-441 per share.
3. How many shares will be offered in the IPO? A total of 19,189,330 equity shares will be offered in the IPO.
4. What is the purpose of the IPO proceeds? The proceeds from the IPO will be used to fund the company's expansion plans and acquire new equipment.
5. Who are the promoters of Suraksha Diagnostics? The promoters of Suraksha Diagnostics are Somnath Chatterjee, Ritu Mittal, and Satish Kumar Verma.
Conclusion
The Suraksha Diagnostics IPO is a significant opportunity for investors to gain exposure to a rapidly growing healthcare provider. With its strong financial performance, experienced management team, and commitment to delivering quality healthcare, Suraksha Diagnostics is well-positioned for future success. As the IPO date approaches, investors should carefully consider the company's fundamentals before making investment decisions.
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