Star Imaging and Path Lab Limited is a diagnostic healthcare company offering a wide spectrum of medical testing services across radiology, pathology, and specialized diagnostics. With a strong focus on accuracy, speed, and advanced technology, the company supports both individual patients and institutional healthcare providers in effective diagnosis and treatment.
The company specializes in imaging services such as X-rays, ultrasounds, CT scans, MRIs, and laboratory tests, including blood tests, urine tests, and other specialized diagnostics.
🔬 Services Offered:
- Radiology: Digital X-ray, Mammography, CT Scan, 4D & 5D Ultrasound
- Pathology: Haematology, Microbiology, Histopathology, PCR Testing
- Diagnostics: Routine & Specialized Tests (blood, urine, etc.)
As of September 30, 2024, the company employs 209 full-time professionals, including its executive directors, contributing to quality-driven healthcare delivery.
Star Imaging’s IPO aims to leverage its market position, enhance infrastructure, and expand its diagnostic network further.
Star Imaging IPO – Details
| IPO Opening Date | 08 August 2025 |
| IPO Closing Date | 12 August 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 48,92,000 Shares Worth ₹69.47 Crore Fresh Issue: 39,20,000 Shares Worth ₹55.67 Crore Offer For Sale: 9,72,000 Shares Worth ₹13.80 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹135 – ₹142 per share |
| Market Lot | 1000 Shares |
| Min Order | 1000 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Kfin Technologies Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Star Imaging IPO – Date Schedule
| IPO Open Date | 08 August 2025 |
| IPO Close Date | 12 August 2025 |
| Basis of Allotment | 13 August 2025 |
| Initiation of Refund | 14 August 2025 |
| Credit of Shares to Demat | 14 August 2025 |
| IPO Listing Date | 18 August 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 12, 2025 |
Star Imaging IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | ₹2,84,000 |
| Retail (Max) | 2 | 2,000 | ₹2,84,000 |
| S-HNI (Min) | 3 | 3,000 | ₹4,26,000 |
| S-HNI (Max) | 8 | 7,000 | ₹9,94,000 |
| B-HNI (Min) | 9 | 8,000 | ₹11,36,000 |
Competitive Strengths
- Accurate Diagnosis.
- Specialized Expertise.
- Proper Sample Collection and Processing Procedures.
Company Promoters
- Mr. Pawan Gupta
- Ms. Chhaya Gupta
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹58.52 Cr | ₹57.65 Cr | ₹0.57 Cr | ₹26.56 |
| 31 March 2024 | ₹79.69 Cr | ₹63.69 Cr | ₹12.34 Cr | ₹30.64 |
| 31 March 2025 | ₹83.53 Cr | ₹62.19 Cr | ₹15.91 Cr | ₹32.73 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 40.65% |
| ROCE | 29.92% |
| Debt/Equity | 0.69 |
| RoNW | 40.65% |
| PAT Margin | 19.10% |
| EBITDA Margin | 34.22% |
| Price to Book Value | 4.07 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 11.82 | 9.16 |
| P/E (x) | 12.01 | 15.50 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| To Meet Working Capital Requirement. | ₹25.00 |
| Repayment/prepayment of certain borrowings availed of by the Company. | ₹12.00 |
| Funding the Capital Expenditure towards the purchase of Refurbished Medical Equipment in running facilities. | ₹5.14 |
| General Corporate Purposes. |
✅Strengths
- Experienced promoters and qualified management team.
- Long-standing relationships with referring doctors and hospitals.
- Established presence with diversified service offerings in diagnostics.
- Use of advanced medical technology and equipment.
- High patient volume supported by a wide collection center network.
⚠️Risks
- High dependency on Delhi-NCR for revenue; limited geographical diversification.
- Significant portion of revenue comes from a few large referring doctors.
- Exposure to regulatory changes in healthcare and diagnostic pricing.
- Competition from other diagnostic chains and local players.
- Risks from equipment failures or data security breaches affecting operations.
Star Imaging IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 71.92% |
Star Imaging IPO Prospectus
Company Contact Information
| Star Imaging & Path Lab Ltd. 4B/4, Tilak Nagar, Near Sant Pura, Tilak Nagar West Delhi, New Delhi, New Delhi, 110018 Phone: +91 9990019189 Email: cs@starimaging.in Website: https://www.starimaging.in/ |
Star Imaging IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: sipll.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Star Imaging IPO Lead Manager(s)
| 1. Share India Capital Services Private Limited |
Star Imaging IPO FAQ
| What is Star Imaging IPO? Star Imaging IPO is an SME IPO. The issue is priced at ₹135 to ₹142 per equity share. The IPO is to be listed on BSE SME. |
| When Star Imaging IPO will open? The IPO is to open on 08 August 2025 for QIB, NII, and Retail Investors. |
| What is Star Imaging IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Star Imaging IPO? You can apply Star Imaging IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Star Imaging IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Star Imaging IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Star Imaging IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Star Imaging IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Star Imaging IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Star Imaging IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Star Imaging IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Star Imaging IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is the Star Imaging IPO Size? Star Imaging IPO size is ₹69.47 Crore. |
| What is the Star Imaging IPO Price Band? Star Imaging IPO Price Band is ₹135 to ₹142. |
| What is Star Imaging IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 2000 Shares with ₹2,84,000 amount, while the maximum bid is 2000 Shares with ₹2,84,000. |
| What is the Star Imaging IPO Allotment Date? Star Imaging IPO allotment date is 13 August 2025. |
| What is the Star Imaging IPO Listing Date? Star Imaging IPO listing date is 18 August 2025. The IPO is to be listed on the BSE SME. |
