Vijaya Diagnostic Centre IPO
Vijaya Diagnostic Centre Limited (VIJAYA) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 14 September 2021.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +4.4% (likely range +4% to +11%), day's high +9.4%, chance of a gain 92%. Actual: +1.7% at the open, +22.0% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 71,07,613 | 9,28,62,784 | 13.1x | |
| NII (HNI) total | 53,30,710 | 70,59,864 | 1.32x | |
| Retail | 1,24,38,323 | 1,35,74,624 | 1.09x | |
| Employees | 1,50,000 | 1,46,748 | 0.98x | |
| Total | 2,50,26,646 | 11,36,44,020 | 4.54x |
Bids on NSE and BSE together, as published by NSE, as of 03 Sep 2021, 05:00 PM. Shares offered exclude the anchor portion. 10% 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 Vijaya Diagnostic Centre's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Varroc EngineeringJun 2018 | 9.16x | 2.45x | 0.95x | 3.59x | ₹1,955 Cr | +5.0% | +9.8% |
| Laurus LabsDec 2016 | 10.5x | 3.58x | 1.67x | 4.57x | ₹1,334 Cr | +14.5% | +16.4% |
| ICICI Lombard General Insurance CompanySep 2017 | 8.17x | 0.83x | 1.23x | 2.98x | ₹5,701 Cr | -1.5% | +5.0% |
| SBI Life Insurance CompanySep 2017 | 12.6x | 0.70x | 0.85x | 3.58x | ₹8,400 Cr | +5.0% | +5.7% |
| HDFC Standard Life Insurance CompanyNov 2017 | 16.6x | 2.29x | 0.94x | 4.90x | ₹8,695 Cr | +6.9% | +27.2% |
| Sheela FoamDec 2016 | 14.5x | 3.35x | 0.44x | 5.09x | ₹548 Cr | +17.8% | +41.4% |
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% |
| Edelweiss Financial Services | 16 | +25.0% | 69% |
| Kotak Mahindra Capital Company | 83 | +20.8% | 76% |
Offer documents (NSE)
Frequently asked
What is the Vijaya Diagnostic Centre IPO price band and lot size? ₹522–531 per share, with a lot of 28 shares, so the smallest retail bid is ₹14,868.
How many times has it been subscribed? 4.54x overall: QIB 13.1x, NII 1.32x, retail 1.09x, employees 0.98x.
How did it list? It opened at ₹540, +1.7% against the issue price of ₹531, and closed its first day +16.8%.
