Krsnaa Diagnostics IPO
Krsnaa Diagnostics Limited (KRSNAA) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 16 August 2021.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +18.4% (likely range +4% to +34%), day's high +38.8%, chance of a gain 97%. Actual: +5.4% at the open, +15.3% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 37,52,625 | 18,69,79,845 | 49.8x | |
| NII (HNI) total | 18,76,312 | 21,82,10,460 | 116x | |
| Retail | 12,50,874 | 5,25,90,540 | 42.0x | |
| Employees | 2,32,288 | 2,27,400 | 0.98x | |
| Total | 71,12,099 | 45,80,08,245 | 64.4x |
Bids on NSE and BSE together, as published by NSE, as of 06 Aug 2021, 08:00 PM. Shares offered exclude the anchor portion. 9% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Krsnaa Diagnostics's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| CSB BankNov 2019 | 62.2x | 165x | 44.5x | 86.9x | ₹410 Cr | +41.0% | +57.3% |
| Glenmark Life SciencesJul 2021 | 37.0x | 123x | 14.6x | 44.2x | ₹1,539 Cr | +4.2% | +11.0% |
| RailTel Corporation of IndiaFeb 2021 | 65.1x | 73.3x | 16.8x | 42.4x | ₹820 Cr | +16.0% | +36.0% |
| RITESJun 2018 | 71.7x | 195x | 15.7x | 67.2x | ₹799 Cr | +2.7% | +21.4% |
| Shankara Building ProductsMar 2017 | 51.6x | 90.7x | 15.3x | 41.9x | ₹349 Cr | +20.7% | +38.3% |
| Route MobileSep 2020 | 89.8x | 193x | 12.7x | 73.3x | ₹609 Cr | +104.9% | +110.0% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| JM Financial | 109 | +22.8% | 75% |
| DAM Capital Advisors | 37 | +13.6% | 59% |
| Equirus Capital | 34 | +21.3% | 74% |
| IIFL Securities | 94 | +19.3% | 71% |
Offer documents (NSE)
Frequently asked
What is the Krsnaa Diagnostics IPO price band and lot size? ₹933–954 per share, with a lot of 15 shares, so the smallest retail bid is ₹14,310.
How many times has it been subscribed? 64.4x overall: QIB 49.8x, NII 116x, retail 42.0x, employees 0.98x.
How did it list? It opened at ₹1,006, +5.4% against the issue price of ₹954, and closed its first day +3.5%.
