Krsnaa Diagnostics IPO: Here’s all you need to know

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It’s raining IPOs these days. The initial public offering of tech-enabled diagnostics services company, Krsnaa Diagnostics is set to raise Rs 1,213.76 crore.

On the second day of the bidding, Krsnaa Diagnostics has been subscribed 5.33 times. The offer has received bids for 3.79 crore equity shares against the IPO size of 71.12 lakh equity shares.

Retail investors subscribed 21.67 times, and non-institutional subscribers put in bids for 4.71 times the total meant for them

Here’s all you need about the IPO:

The offer will open for subscription on August 04 and the bidding will close on August 06. The anchor book, if any, will open for a day before the issue opening, i.e. August 03.

The price band for Krsnaa Diagnostics has been fixed at Rs 933-954 per share having a face value of Rs 5 per share.

Investors can bid for a minimum of 15 equity shares and in multiples, thereafter, translating to a minimum bidding amount of Rs 14,310 at the higher end of the price band. A retail investor can at max apply for 13 lots or 195 shares for Rs 1,86,030.