Suraksha Diagnostic Files IPO Papers with Sebi
Jul 24, 2024 17:50
Suraksha Diagnostic, a Kolkata-based integrated diagnostic chain, has filed IPO papers with Sebi, consisting of an Offer for Sale of up to 1.92 crore shares. The IPO will see promoters and investors offload shares, with no fresh issue component.
New Delhi, Jul 24 (PTI) Integrated diagnostic chain Suraksha Diagnostic Ltd has filed preliminary papers with capital markets regulator Sebi for floating an Initial Public Offering (IPO).
The Kolkata-headquartered company's IPO consists of an Offer for Sale (OFS) of up to 1.92 crore equity shares by promoters and investor shareholders, with no fresh issue component, according to the Draft Red Herring Prospectus (DRHP) filed on Tuesday.
Under the OFS, promoters Somnath Chatterjee, Ritu Mittal, Satish Kumar Verma and investors OrbiMed Asia II Mauritius Ltd, Munna Lal Kejriwal and Santosh Kumar Kejriwal will offload shares.
Since the issue is completely an OFS, the company will not receive any proceeds and all the funds will go to the selling shareholders.
Explaining the reason for going public, the company said it is aimed at achieving the benefit of listing equity shares on the stock exchanges and carrying out OFS for the selling shareholders.
Suraksha Diagnostic offers a one-stop integrated solution for pathology and radiology testing and medical consultation services to its customers through its extensive operational network, consisting of a flagship central reference laboratory, 8 satellite laboratories and 194 customer touchpoints which include 48 diagnostic centres, and 146 sample collection centres (primarily franchised), across West Bengal, Bihar, Assam and Meghalaya as of March 31, 2024.
During fiscal 2024, it conducted about 5.98 million tests serving approximately 1.14 million patients.
ICICI Securities Ltd, Nuvama Wealth Management Ltd and SBI Capital Markets Ltd are the book-running lead managers to the issue.
The equity shares are proposed to be listed on BSE and NSE.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
MORE NEWS
India Launches First Edible Oil Consumption Survey
India's agriculture ministry has launched a nationwide survey to assess edible oil...
Power Engineers Protest Discom Privatisation in...
Lakhs of power engineers will protest nationwide against the privatisation of discoms...
RBI to ARCs: Settlements Only After Exhausting...
The Reserve Bank of India (RBI) has directed Asset Reconstruction Companies (ARCs) to...
Urja Mobility Launches B2C Battery Leasing for...
Urja Mobility launches its B2C battery leasing program for e-rickshaw drivers in 10...
IOB Q3 Profit Jumps 21% on Lower Bad Loans
Indian Overseas Bank (IOB) reported a 21% increase in net profit to Rs 874 crore for Q3...
Brightchamps Acquires Edjust: Expanding K12...
Brightchamps, a leading edtech platform, acquires Indian K12 marketplace Edjust,...
GenAI Boosts Productivity, No Tech Spend Cuts:...
Axis Capital report predicts 20-40% productivity gains from GenAI in software...
FINDI Acquires BANKIT: Expanding Fintech Reach...
Australia-based FINDI has acquired India's BANKIT in a 30 million Australian dollar...
Hindenburg Not Under SEC Investigation: Report...
Hindenburg Research denies being under SEC investigation, refuting claims of links to a...
PLI Scheme for White Goods: Voltas, Lumax, UNO...
18 companies, including Voltas, Lumax, and UNO Minda, have been selected for the PLI...
Read More »