The Krsnaa Diagnostics IPO GMP subscription will commence today, August 4th, 2021, and will remain open for bidding until August 6th, 2021. The grey market has reacted positively to this public offering, with Krsnaa Diagnostics IPO GMP today trading at 450, a 15% increase above its Tuesday share price in the grey market.
According to market observers, the Krsnaa Diagnostics IPO grey market premium has been climbing since Monday, which could draw some additional bidders who look at the grey market first before looking at the company’s fundamentals.
Here are some key points of the Krsnaa Diagnostics IPO that a bidder should be aware of before applying for the public offering:
Krsnaa Diagnostics IPO GMP Price
According to the company’s management, the IPO price range for Krsnaa Diagnostics has been set at Rs.933 to Rs.654.
The shares of the diagnostics company are currently available on the grey market for a premium of 450 rupees. According to market observers, this indicates that the market is very positive on the public offering, with a potential listing gain of up to 150% against the issue price.
Krsnaa Diagnostics IPO GMP fundamentals
“Considering the FY-21 diluted EPS of 12.25, the company is going to list at a P/E of 77.88 with a market cap of 29,941 mn,” said Saurabh Joshi, Research Analyst at Marwadi Shares and Finance, “while its peers, namely Dr Lal Path Labs and Metropolis Healthcare, are trading at a P/E of 75.15 and 79.71 respectively.”
He further added, “We give this IPO a subscribe grade because it has a unique business model with high revenue visibility and is well-positioned to profit from public and private sector healthcare spending. In addition, as compared to its counterparts, the issue is attractively priced.”
Krsnaa Diagnostics IPO GMP size, Lot size and Allotment date
The company’s management hopes to raise Rs—1,213.33 crore through its public offering. The bidder will have to apply in lots, each of 15 shares of the diagnostics company, and the finalisation of the share allotment is scheduled for August 11th, 2021.
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