InvestorQ : What are the highlights of the Krsnaa Diagnostics IPO?
Arya Nanda made post

What are the highlights of the Krsnaa Diagnostics IPO?

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Anjana Aiyar answered.
4 weeks ago
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Krsnaa Diagnostics, a healthcare and diagnostics company based out of Pune, filed DRHP with SEBI for its proposed forthcoming IPO . The IPO will comprise of Rs.400 crore by way of fresh issue of shares combined with an offer for sale of 94.16 lakh shares. The OFS participants will include existing shareholders like Phi Capital, Kitara, Somerset and Lotus.

The Krsnaa IPO will also reserve 75% of the IPO for QIBs, 15% for non-institutional HNIs and only 10% for the retail investors putting under Rs.2 lakhs. The fresh issue proceeds will be used to set up diagnostics centres in Punjab, Karnataka, Himachal and Maharashtra and also partially used to repay loans.

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