Suraksha Diagnostic Limited, a leading provider of pathology and radiology testing services, has recently concluded its Initial Public Offering (IPO). The company was able to secure funding through its IPO, generating significant interest from investors. The key details of the Suraksha Diagnostics IPO, including the allotment process, important dates, and the Grey Market Premium (GMP).
Key Highlights of the Suraksha Diagnostics IPO
- IPO Price Band: ₹420 to ₹441 per share
- Minimum Lot Size: 34 shares
- Minimum Investment: ₹14,994
- Total Issue Size: ₹846.25 crore
The IPO was open for subscription from November 29, 2024, to December 3, 2024. During this period, the company received a decent response from investors. By the end of the third day, the subscription rate stood at 1.27 times, as per data from the Bombay Stock Exchange (BSE). Non-institutional investors (NIIs) showed strong interest, with their portion subscribed 1.41 times, while Qualified Institutional Buyers (QIBs) subscribed 1.74 times.
How to Check Suraksha Diagnostics IPO Allotment Status
Investors who applied for the Suraksha Diagnostics IPO can check their allotment status online through the registrar’s website, Kfin Technologies Ltd. Here’s how you can check the status:
- Visit Kfin Technologies Website: the official registrar for the Suraksha Diagnostics IPO.
- Select the IPO: From the list of IPOs, select “Suraksha Diagnostics IPO.”
- Enter Your PAN Details: To check your allotment status, enter your PAN (Permanent Account Number).
- View Allotment Status: After entering your PAN, click the “Search” button. The screen will display your allocation status.
Alternatively, you can also check the allotment status via the BSE or NSE websites by following similar steps.
The Grey Market Premium (GMP) refers to the price at which shares are traded in the informal grey market before they are officially listed. It is an unofficial indicator of how a stock might perform when it starts trading on the stock exchange.
For Suraksha Diagnostics, the current GMP is ₹2, suggesting that shares are being traded at a slight premium in the grey market. Based on this premium, analysts estimate the listing price of Suraksha Diagnostics shares could be ₹443 per share, slightly higher than the issue price of ₹441 at the upper end of the price band.
Important Dates for Suraksha Diagnostics IPO
Below are the important dates for Suraksha Diagnostics IPO:
- IPO Open Date: November 29, 2024
- IPO Close Date: December 3, 2024
- Allotment Date: December 4, 2024
- Refund Initiation Date: December 5, 2024
- Listing Date: December 6, 2024
The shares are anticipated to be credited to Demat accounts on December 5, 2024.
Once the allotment process is complete, investors will know how many shares they have been allotted. If your application is successful, the shares will be added to your Demat account. In case you were not allotted any shares, a refund process will be initiated. The refunded sum will be deposited into your bank account.
Suraksha Diagnostics shares are expected to be listed on the stock exchanges on December 6, 2024. Investors are eagerly awaiting this day to see how the stock performs in the market.
The Suraksha Diagnostics IPO has generated significant interest among investors, and now the focus is on the allotment process. By following the steps mentioned above, you can easily check whether you’ve been allotted shares in the IPO. Keep an eye on the GMP and listing date to gauge the potential performance of the shares. With the successful completion of the IPO, Suraksha Diagnostics is set to grow, and its stock market debut will be a key moment for its investors.
