Thu Nov 28 12:19:14 UTC 2024: ## Suraksha Diagnostic IPO Opens Friday, Aims to Raise ₹846 Crore
**Kolkata, November 28, 2024** – Suraksha Diagnostic Limited, a leading diagnostic services provider in eastern India, is launching its initial public offering (IPO) on Friday, November 29th. The IPO, entirely an offer for sale (OFS), aims to raise ₹846.25 crore through the sale of 1.92 crore shares. The offer will close on December 3rd, with listing expected on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on December 6th.
Founded in 2005, Suraksha operates a network of 8 satellite laboratories, 215 customer touchpoints, and 44 diagnostic centers housing 120 polyclinics and over 750 doctors across West Bengal, Bihar, Assam, and Meghalaya. The company offers a comprehensive range of services, including pathology, radiology, and online and offline medical consultations.
The IPO price band is set at ₹420 to ₹441 per share, with a minimum lot size of 34 shares. Retail investors can invest a minimum of ₹14,994, while Non-Institutional Investors (NIIs) can invest in lots ranging from ₹209,916 to ₹1,004,598. ICICI Securities Limited, Nuvama Wealth Management Limited, and SBI Capital Markets Limited are managing the IPO, with Kfin Technologies Limited serving as registrar.
Importantly, the company will not receive any proceeds from the IPO as it’s solely an OFS, benefiting existing shareholders selling their stakes. Current grey market premium (GMP) stands at ₹0, suggesting an expected listing price of ₹441, with no premium or discount anticipated.
First Piper 