Krsnaa Diagnostics IPO Reviews, Dates, Price Band, Market Lot & Financial Details 2021

The Krsnaa Diagnostics IPO will hit the market soon, and you can apply for the IPO from 4th August to 6th August 2021. Krsnaa Diagnostics is planning to raise ₹1,213.33 Crores through an IPO which consists of a fresh issue of ₹400 Crores worth equity and OFS (Offer For Sale) of ₹813.33 Crores by existing shareholders.

In 2010, Krsnaa Diagnostics was incorporated in Pune. They provide services like Radiology (X-rays, CT scan, MRI, etc.), Pathology, and Teleradiology. They are affiliated with private hospitals, medical institutions, schools, corporate companies, etc. to provide the services. Since their start, they have built a strong network in the metro, non-metro, and low-tier cities. Also, check IPO GMP for upcoming IPOs.

Krsnaa Diagnostics IPO Dates & Price Band:

Open date4th August 2021
Close date6th August 2021
Total Size of IPO₹1,213.33 Cr.
Fresh Issue 400 Cr.
Offer for Sale₹813.33 Cr.
Price Band₹933- ₹954
Face Value₹5 per share
Listing onNSE and BSE
Retail Investor’s Portion10%

Krsnaa Diagnostics IPO Market Lot:

The minimum market lot of Krsnaa Diagnostics IPO is 15 shares with 14,310 applications. Retail investors can apply for 13 lots with 195 shares application worth186,030.

ApplicationLotSharesCut Off Amount
Minimum (RII)11514,310
Maximum (NII)13195186,030

Objective of Issue – 

  • To finance expansion in Karnataka, Punjab, Himachal Pradesh and Maharashtra. 
  • To meet general corporate purposes and working capital requirements.

Should you subscribe to Krsnaa Diagnostics?

We have researched and mentioned the strengths and risks of the Krsnaa Diagnostics IPO. The final verdict will help you make the right decision.

Strengths –

  • Affiliated with big brands to provide services in metro as well as non metro cities.
  • Comprehensive range of diagnostic services providers.
  • Strong brand network all over India with affordable prices.

Risks – 

  • Operating revenue is relied on payments under public health agencies.
  • They are subject to many legal regulations.

Honest Review – 

The strong brand recognition of Krsnaa Diagnostics all over India would be appealing to investors. On the other hand, if we speak about profits, they haven’t been profitable for FY19 and FY20. So we need to observe how it performs in upcoming quarters and decide on further long-term investment. 

Investors can invest for the listing gains in the Krsnaa Diagnostics IPO. It’s early to predict but Krsnaa Diagnostics IPO can give great listing gains by seeing its grey market premium. You can keep a track of Krsnaa Diagnostics IPO GMP here.

Krsnaa Diagnostics IPO Allotment & Listing Dates:

Krsnaa Diagnostics IPO’s open date is 4th August and the closing date is 6th August. Allotment of shares will be done on 11th August and the listing date on NSE & BSE is 17th August 2021.

Allotment Date for Krsnaa Diagnostics – 11th August 2021
Refund Date for Krsnaa Diagnostics – 12th August 2021
Credit of Shares to Demat Account – 13th August 2021
Listing Date for Krsnaa Diagnostics –17th August 2021

Applying IPO through the form: 

Besides applying IPOs through ASBA application or through Demat accounts you can also apply to IPOs with the help of forms provided by NSE or BSE. This is one of the traditional and safe ways to apply for an IPO subscription. Download the form through this link and fill the form carefully. You have to submit your filled form to the bank or broker.

Financials of Krsnaa Diagnostics IPO:

The financials of Krsnaa Diagnostics are very attractive. From 2019 the revenue numbers are increasing constantly. Net income is also increasing slightly. Upcoming financial numbers are expected to be good so we suggest investors apply for the IPO.

YearRevenue (₹ in Cr.)Expense (₹ in Cr.)PAT Net Income (₹ in Cr.)
201952921458.29
2020 629271-111.75
2021 604661184.22

IPO Registrar Details –

KFintech Private Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Phone: 04067162222, 04079611000
Email: [email protected]
Website:  https://karisma.kfintech.com

Krsnaa Diagnostics Contact Details –

Krsnaa Diagnostics Limited
S.No. 243, A-Hissa No. 6, CTS No. 4519, 4519/1,
Chinchwad, Taluka – Haveli, Pune – 411 019
Phone: +91 20 4695 4695
Email: [email protected]
Website: https://krsnaadiagnostics.com

Krsnaa Diagnostics IPO FAQs –


When will Krsnaa Diagnostics IPO open for Investors?

Krsnaa Diagnostics IPO will open on 4th August 2021 and will close on 6th August 2021.

What is Krsnaa Diagnostics IPO Retail Portion?

The portion allocated for retail investors in Krsnaa Diagnostics IPO is 10%

How to apply for Krsnaa Diagnostics IPO?

You can apply Krsnaa Diagnostics IPO in 3 ways:
Open a Demat account through a bank or brokerage firm and apply through it.
Apply via ASBA application online through your bank.
Fill up the offline IPO form and submit it to the bank or broker.

Should I invest in Krsnaa Diagnostics IPO?

The strong brand recognition of Krsnaa Diagnostics all over India would be appealing to investors. On the other hand, if we speak about profits, they haven’t been profitable for FY19 and FY20. So we need to observe how it performs in upcoming quarters and decide on further long-term investment. 

What is the allotment date for Krsnaa Diagnostics shares?

4th August 2021 is the allotment date for Krsnaa Diagnostics shares.

What is the listing date for Krsnaa Diagnostics IPO?

9th August 2021 is the listing date for Krsnaa Diagnostics. It will be listed on NSE and BSE.

What is the cutoff price for Krsnaa Diagnostics IPO?

The cutoff price for Krsnaa Diagnostics IPO is ₹954 per share.

Will Krsnaa Diagnostics IPO give listing gains?

Investors can invest for the long term in Krsnaa Diagnostics. It’s early to predict but Krsnaa Diagnostics can give great listing gains by seeing its grey market premium. You can keep a track of Krsnaa Diagnostics IPO GMP here. 


Disclaimer for Investors:

  • We on ipogmp.in do not buy or sell any kind of IPO forms.  
  • Do not subscribe to IPO just by seeing its GMP. You should do proper research about the fundamentals of a company.
  • IPO GMP changes every day and you can view the changes in the above table.
  • Always apply to an IPO after understanding financials and discussing with your financial advisor.
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