Wed Nov 27 07:48:50 UTC 2024: ## Suraksha Clinic IPO Launches, Seeks Rs 846 Crore

**MUMBAI, INDIA – November 29, 2023** – Suraksha Clinic and Diagnostic launched its initial public offering (IPO) today, aiming to raise Rs 846.25 crore by selling 1.92 crore shares. The IPO, priced between Rs 420 and Rs 441 per share, closes on December 3rd. Allotment is expected on December 4th, with a tentative listing on the NSE and BSE on December 6th.

The grey market currently shows no significant premium or discount, suggesting the stock may debut at its issue price. Retail investors can apply for a minimum of one lot (34 shares, costing Rs 14,994), while minimum investment requirements vary for Non-Institutional Investors (NIIs).

Suraksha Clinic offers a range of services including pathology, radiology, and medical consultancy through a network of 215 customer touchpoints across eastern India. This includes a central reference laboratory, eight satellite labs, 49 diagnostic centers, and 166 sample collection centers. The company also offers online and offline medical consultations.

ICICI Securities, Nuvama Wealth Management, and SBI Capital Markets are the lead managers, with Kfin Technologies acting as registrar.

**Separate Adani Allegation:** In unrelated news, Adani Green Energy has denied bribery allegations levied against its senior executives in a US$265 million case involving alleged bribery of Indian government officials, obstruction of justice, and evidence destruction. The US indictment specifically names the executives and details the alleged scheme.

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