Suraksha Diagnostic Limited offers pathology, radiology testing and medical consultancy services. The company has a central reference laboratory with 8 satellite laboratories and 215 customer touchpoints, including 49 diagnostic centres and 166 sample collection centres as of June 30, 2024, across West Bengal, Bihar, Assam, and Meghalaya.
The company offers its customers online and offline medical consultation services under one roof via 44 diagnostic centres, which house 120 polyclinics with more than 750 doctors.
The operation of the diagnostic centres is supported by the technology platforms and systems that the company uses to streamline, such as its Laboratory Information Management System (“LIMS”), its fully integrated Radiology Information System (“RIS”), its Picture Archive Communication System (“PACS”) and its Enterprise Resource Planning System (“ERP”).
The company offers vaccination services and customized testing packages for disease prediction/early detection. The company uses digital pathology and artificial intelligence to generate blood tests. All radiology reporting is done through a digital platform that allows cases to be reported from all diagnostic centres, significantly reducing turnaround time.
Suraksha Diagnostic IPO – Details
| IPO Opening Date | 29 November 2024 |
| IPO Closing Date | 03 December 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 1,91,89,330 Shares Worth ₹846.25 Crore Offer For Sale: 1,91,89,330 Shares Worth ₹846.25 Crore |
| Face Value | ₹2 per equity share |
| IPO Price | ₹420 – ₹441 per share |
| Market Lot | 34 Shares |
| Min Order | 34 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Kfin Technologies Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Suraksha Diagnostic IPO – Date Schedule
| IPO Open Date | 29 November 2024 |
| IPO Close Date | 03 December 2024 |
| Basis of Allotment | 04 December 2024 |
| Initiation of Refund | 05 December 2024 |
| Credit of Shares to Demat Account | 05 December 2024 |
| IPO Listing Date | 06 December 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 03, 2024 |
Suraksha Diagnostic IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 34 | ₹14,994 |
| Retail (Max) | 13 | 442 | ₹1,94,922 |
| S-HNI (Min) | 14 | 476 | ₹2,09,916 |
| S-HNI (Max) | 66 | 2,244 | ₹9,89,604 |
| B-HNI (Min) | 67 | 2,278 | ₹10,04,598 |
Competitive Strengths
- Well-positioned diagnostics chain to capture the large growth opportunities for organized diagnostics chains in the fragmented markets for diagnostic services in eastern and northeastern India.
- Integrated diagnostics provider offering pathology and radiology testing and medical consultancy services from a single source.
- Well-invested and technologically advanced clinical infrastructure.
- Commitment to quality driving high individual consumer business share and customer retention.
- Management team with relevant industry experience.
Company Promoters
- Dr. Somnath Chatterjee
- Ritu Mittal
- Satish Kumar Verma
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 225.76 | 197.75 | 20.82 | 19.03 |
| 31 March 2023 | 193.68 | 186.93 | 6.06 | 14.01 |
| 31 March 2024 | 222.26 | 190.02 | 23.12 | 8.64 |
| 30 June 2024 | 61.84 | 51.33 | 7.66 | 7.57 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 14.09% |
| ROCE | 21.46% |
| Debt/Equity | 0.2 |
| RoNW | 14.09% |
| P/BV | 13.1 |
| PAT Margin (%) | 10.57 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 4.44 | – |
| P/E (x) | 99.31 | – |
Object Of The Issue
- The Company will not receive any proceeds from the Offer for sale and all proceeds will go to the Selling Shareholders.
Suraksha Diagnostic IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 10 | Dr Lal PathLabs | 77.08 |
| 2 | 2 | Metropolis Healthcare | 89.61 |
| 3 | 10 | Thyrocare | 65.52 |
| 4 | 1 | Vijaya Diagnostic | 86.40 |
Suraksha Diagnostic IPO Promoter Holding
| Pre Issue Share Holding | 61.06% |
| Post Issue Share Holding | 48.78% |
Suraksha Diagnostic IPO Prospectus
Company Contact Information
| Suraksha Diagnostic Limited Plot No. DG-12/1 Action Area 1D, Premises No. 02-0327 New Town, Rajarhat Kolkata 700 156 Phone: 91 33 66059750 Email: investors@surakshanet.com Website: https://www.surakshanet.com/ |
Suraksha Diagnostic IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: sdl.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Suraksha Diagnostic IPO Lead Manager(s)
| 1. ICICI Securities Limited 2. SBI Capital Markets Limited 3. Nuvama Wealth Management Limited |
Suraksha Diagnostic IPO FAQs
| What is Suraksha Diagnostic IPO? Suraksha Diagnostic IPO is a main-board IPO. The issue is priced at ₹420 to ₹441 per equity share. The IPO is to be listed on BSE & NSE. |
| When Suraksha Diagnostic IPO will open? The IPO is to open on 29 November 2024 for QIB, NII, and Retail Investors. |
| What is Suraksha Diagnostic IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Suraksha Diagnostic IPO? You can apply Suraksha Diagnostic 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 Suraksha Diagnostic IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Suraksha Diagnostic 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 Suraksha Diagnostic IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Suraksha Diagnostic 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 Suraksha Diagnostic IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Suraksha Diagnostic 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 Suraksha Diagnostic IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Suraksha Diagnostic 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 Suraksha Diagnostic IPO Size? Suraksha Diagnostic IPO size is ₹846.25 Crore. |
| What is the Suraksha Diagnostic IPO Price Band? Suraksha Diagnostic IPO Price Band is ₹420 to ₹441. |
| What is Suraksha Diagnostic IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 34 Shares with ₹14,994 amount while the maximum bid is 442 Shares with ₹1,94,922. |
| What is the Suraksha Diagnostic IPO Allotment Date? Suraksha Diagnostic IPO allotment date is 04 December 2024. |
| What is the Suraksha Diagnostic IPO Listing Date? Suraksha Diagnostic IPO listing date is 06 December 2024. The IPO is to be listed on BSE and NSE. |
