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

The Vijaya Diagnostics IPO will hit the market soon, and you can apply for the IPO from 9th August to 11th August 2021. Vijaya Diagnostics is planning to raise ₹1,895.04 Crores through an IPO which consists of OFS (Offer For Sale) of ₹1,895.04 Crores by existing shareholders.

Vijaya Diagnostics was established by Dr. S. Surendranath Reddy in 1981. In Southern India, it is one of the fastest-growing diagnostic chains. They provide services in the field of pathology and radiology testing. In total, they offer 740 routine tests, 220 basic tests, 870 specialized pathology tests, and 220 basic tests. For customers, they also offer customized health and wellness packages. Many IPOs are going to launch this year check here the list.

Vijaya Diagnostics IPO Dates & Price Band:

Open date1st September 2021
Close date3rd September 2021
Total Size of IPO₹1,895.04 Cr.
Fresh Issue 0
Offer for Sale₹1,895.04 Cr
Price Band₹522- ₹533
Face Value₹10 per share
Listing onNSE and BSE
Retail Investor’s Portion35%
Employee Discount ₹52

Vijaya Diagnostics IPO Market Lot:

The minimum market lot of Vijaya Diagnostics IPO is 28 shares with 14,868 applications. Retail investors can apply for 13 lots with 364 shares application worth193,284.

ApplicationLotSharesCut Off Amount
Minimum (RII)12814,868
Maximum (NII)13364193,284

Objectives of Offer- 

  • To give an exit to shareholders through an OFS. 
  • Enjoy listing gains on stock exchanges.

Should you subscribe to Vijaya Diagnostics IPO?

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

Strength – 

  • Increasing PAT (Profit After Tax) and Revenue from last 3 years. 
  • All the laboratories hold National Accreditation. 
  • Largest growing diagnostic centre chains in Southern India. 
  • One stop solution for all diagnostic needs.

Risks – 

  • Ongoing legal procedures are going on which involves the company directors and authorities which might harm the operations. 
  • 96% revenue comes from Andhra Pradesh and Telangana. It can adversely affect their revenue if they fail to maintain their business image in these states. 

Honest Reviews – 

As we look at Vijaya Diagnostic’s financial records, they seem to match what investors want. Continuous increases in revenue and net profits will catch the attention of every investor. Overall the company looks fundamentally good to invest in for the long term.

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

Vijaya Diagnostics IPO Allotment & Listing Dates:

Vijaya Diagnostics IPO’s open date is 1st September and the closing date is 3rd September. Allotment of shares will be done on 8th September and the listing date on NSE & BSE is 14th September 2021.

Allotment Date for Vijaya Diagnostics – 8th September 2021
Refund Date for Vijaya Diagnostics – 9th September 2021
Credit of Shares to Demat Account – 13th September 2021
Listing Date for Vijaya Diagnostics – 14th September 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 IPO:

The financials of Vijaya 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.)
201930323846.23
2020 35427162.34
2021 39027583.80

About Vijaya Diagnostics 

The company has 80 operational diagnostics centers and 11 reference labs located in 13 cities in the states of Kolkata, Andhra Pradesh, Telangana. 96% of revenue comes from Telangana and Andhra Pradesh. Till 31st March 2021, Vijaya Diagnostics conducted 6.2 million pathology tests and 0.89 million radiology tests for more than 2 million patients. 

The Economic Times named Vijaya Diagnostics “One of the Best Healthcare Brands-2021”. Vijaya diagnostic has been the recipient of several awards in the past. They have a team of 71 laboratory doctors, 19 physicians, 1000+ trained technical workers, and 100+ radiologists.

Vijaya Diagnostic IPO Registrar

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]

Vijaya Diagnostics Contact Details

Vijaya Diagnostic Centre Limited
3-6-16 & 17, Street No. 19, Himayatnagar
Hyderabad, 500 029
Phone: +91 40 2342 0411
Email: [email protected]
Website: https://www.vijayadiagnostic.com/

Vijaya Diagnostics IPO FAQs –


When will Vijaya Diagnostics IPO open for Investors?

Vijaya Diagnostics IPO will open on 1st September 2021 and will close on 3rd September 2021.

What is Vijaya Diagnostics IPO Retail Portion?

The portion allocated for retail investors in Vijaya Diagnostics IPO is 35%

How to apply for Vijaya Diagnostics IPO?

You can apply Vijaya 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 Vijaya Diagnostics IPO?

As we look at Vijaya Diagnostic’s financial records, they seem to match what investors want. Continuous increases in revenue and net profits will catch the attention of every investor. Overall the company looks fundamentally good to invest in for the long term.

What is the allotment date for Vijaya Diagnostics shares?

8th September 2021 is the allotment date for Vijaya Diagnostics shares.

What is the listing date for Vijaya Diagnostics IPO?

14th September 2021 is the listing date for Vijaya Diagnostics. It will be listed on NSE and BSE.

What is the cutoff price for Vijaya Diagnostics IPO?

The cutoff price for Vijaya Diagnostics IPO is ₹533 per share.

Will Vijaya Diagnostics IPO give listing gains?

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