Krsnaa Diagnostics Limited IPO : Company Information, Pros and Cons

Krsnaa Diagnostics Limited IPO : Company Information, Pros and Cons

Krsnaa Diagnostics Limited initiated its operations in 2010. The company offers a wide range of services in the diagnostics segment. It also performs laboratory tests.  It provides other diagnostics services for medical colleges, community centres, public hospitals etc. 

The view of the firm is to focus on lower tier cities and non-metro cities. Hence the firm is focusing on the future development aspects. Currently the company has 1800 plus diagnostic centres in India. The current patient count is close to 5.30 Million till date.


The Krsnaa Diagnostics Limited IPO is set to launch on 4th Aug, 2021. The subscription timeline extends till 6th Aug, 2021. The size for the IPO is 1213.33 Crore Rs. Shares issued through Offer for sale are 813.33 Crore Rs. Shares worth Rs. 400 Crore are issued through Fresh issue. The minimum lot size is 15 shares and the price is set at 933 Rs. – 954 Rs./ share. The company is going to get listed at both the exchanges NSE and BSE. The face value per share is Rs. 5 and this is a book built issue. The registrar for the company is Link Intime India Private Limited.


IPO OPENING DATE 4th Aug, 2021
IPO CLOSING DATE 6th Aug, 2021
ISSUE TYPE Book Built Issue
Face Value per share 5 Rs. per share
IPO price band 933 Rs. – 954 Rs.
LOT SIZE 15 shares
ISSUE SIZE 1213.33 Crore Rs.
OFFER FOR SALE 813.33 Crore Rs.
FRESH ISSUE 400 Crore Rs.
LISTING DATE 17th Aug, 2021


IPO OPENING DATE 4th Aug, 2021
IPO CLOSING DATE 6th Aug, 2021
REFUNDS 12th Aug, 2021
DEMAT A/C CREDITED ON 13th Aug, 2021
IPO LISTING DATE 17th Aug, 2021

The Krsnaa Diagnostics Limited IPO begins for subscription from 4th Aug, 2021. The IPO subscription would continue till 6th Aug, 2021. The allotment status for the shareholders who applied would come on 11th Aug, 2021. The refunds for the ones who did not get allotment would be initiated on 12th Aug, 2021. The DEMAT accounts of shareholders would be credited on 13th Aug, 2021. The listing of the company would be accompanied on 17th Aug, 2021.


The only promoter of the firm is Rajendra Mutha.

The lead managers of the company are :

  • IIFL Holdings Limited
  • DAM Capital Advisors Limited
  • JM Financial Consultants Private Limited
  • Equirus Capital Private Limited

The minimum lot size for the company is decided at 15 shares. This holding accounts to 14310 Rs.. The maximum lot size is decided at 195 shares. This amounts to Rs. 186030. Hence the company’s final holdings would be set as :

  Shares Amount
Minimum 15 shares 14310 Rs
Maximum 195 shares 186030 Rs


  • The money from the IPO can also be utilized to meet general corporate purposes.
  • For financing the diagnostics centre creation at Himachal Pradesh, Punjab, Maharashtra and Karnataka.
  • The firm has high borrowing payments which would be settled with the IPO money.


Particulars (in Million Rs.) 2020-21 2019-20 2018-19
ASSETS 6045 6299 5289
REVENUE 6614 2713 2143
NET PROFIT 1849 (1119) (580)

The financials of the company are COVID influenced. The previous data shows that the company was suffering from heavy losses. It had a loss of almost 1119 Crore Rs in the 2020 Year. The major bounce back came when COVID hit India. Krsnaa Diagnostics made an extreme jump into the profits close to 1850 Crore Rs. The revenues also jumped by 2.75 times to 6614 Crore Rs. However the assets of the company decreased by 200 Crore Rs in 2021. 

Krsnaa Diagnostics is focusing on expansion into the lower tier cities. Thus the company’s aim is focused on developing itself with the development in standard of living. In the end, the expansion of the company is a major reason where the stakes of its future lie. The current expansion plans into multiple states is one of the reasons for raising money from the IPO.


  • The recent year has been great in profitability for the company.
  • Increased revenue in recent times with decreased asset base.


  • The company was previously reeling from heavy losses. However after the COVID situation, the company has been able to gain the highest profit ever made. This arouses a doubt whether the company would be able to gain in similar pattern post the COVID situation. 


It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

  1. Logging into Zerodha console through its website or KITE platform.
  2. Clicking the IPO link present in the Portfolio section
  3. Click the Krsnaa Diagnostics Limited IPO button and press the BID button
  4. Entering the details asked for like UPI ID, Quantity and price
  5. Submit the application form of IPO
  6. Visiting the application of UPI for approving the transaction

Now, applying for an IPO online is possible with most of the Discount and online brokers.

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