Suraksha Diagnostic IPO
Suraksha Diagnostic Limited (SURAKSHA) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 06 December 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain -0.2% (likely range -4% to +2%), day's high +2.0%, chance of a gain 33%. Actual: -0.7% at the open, +1.8% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 38,37,867 | 66,67,332 | 1.74x | |
| NII (HNI) total | 28,78,400 | 40,45,218 | 1.41x | |
| Big NII (above ₹10 lakh) | 19,18,934 | 29,29,950 | 1.53x | |
| Small NII (₹2-10 lakh) | 9,59,466 | 11,15,268 | 1.16x | |
| Retail | 67,16,266 | 63,52,730 | 0.95x | |
| Total | 1,34,32,533 | 1,70,65,280 | 1.27x |
Bids on NSE and BSE together, as published by NSE, as of 03 Dec 2024, 07:00 PM. Shares offered exclude the anchor portion. 33% 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 Suraksha Diagnostic's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Prudent Corporate Advisory ServicesMay 2022 | 1.26x | 0.99x | 1.29x | 1.22x | ₹539 Cr | +3.2% | +3.2% |
| ETHOSMay 2022 | 1.06x | 1.48x | 0.84x | 1.04x | ₹505 Cr | -6.0% | -4.3% |
| Popular Vehicles and ServicesMar 2024 | 1.97x | 0.66x | 1.05x | 1.23x | ₹601 Cr | -2.0% | -2.0% |
| S J S EnterprisesNov 2021 | 1.42x | 2.32x | 1.38x | 1.59x | ₹817 Cr | 0.0% | +1.7% |
| Aster DM HealthcareFeb 2018 | 2.10x | 0.55x | 1.18x | 1.31x | ₹1,010 Cr | -3.7% | -1.1% |
| Infibeam IncorporationMar 2016 | 0.86x | 2.23x | 1.31x | 1.11x | ₹1,148 Cr | +4.9% | +8.1% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| ICICI Securities | 109 | +21.3% | 69% |
| Nuvama Wealth Management | 35 | +11.9% | 66% |
| SBI Capital Markets | 56 | +16.7% | 61% |
Offer documents (NSE)
Frequently asked
What is the Suraksha Diagnostic IPO price band and lot size? ₹420–441 per share, with a lot of 34 shares, so the smallest retail bid is ₹14,994.
How many times has it been subscribed? 1.27x overall: QIB 1.74x, NII 1.41x, retail 0.95x.
How did it list? It opened at ₹438, -0.7% against the issue price of ₹441, and closed its first day -5.4%.
