Suraksha Diagnostic's IPO had a lackluster response on its first day, with only 10 percent of the issue subscribed. Investors submitted bids for 13.28 lakh equity shares against an offer size of 1.34 crore shares.
Retail and non-institutional investors contributed to the subscription, purchasing 18 percent and 4 percent of their respective quotas. However, qualified institutional investors have yet to place any bids for the offering, indicating a cautious market sentiment surrounding the IPO.
The Kolkata-based diagnostics services provider aims to raise Rs 846.25 crore through this public issue, which consists entirely of an offer-for-sale of 1.9 crore equity shares by promoters and investors. The price band for the IPO has been set between Rs 420 and Rs 441 per share.