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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Suraksha Diagnostic had a lackluster market debut on December 6, with shares closing 5.4% lower at Rs 417.25 on the NSE, down from the issue price of Rs 441. The stock opened at Rs 438, reached an intraday high of Rs 449, but quickly fell, hitting a low of Rs 414.95 before the close.
Suraksha Diagnostic Ltd is set to debut on the stock exchanges on December 6, following a successful IPO that closed with a subscription of 1.27 times. The Rs 846-crore issue, priced between Rs 420-441 per share, received bids for 1.70 crore shares against 1.34 crore shares on offer. Analysts suggest modest listing gains, noting the company's uneven financial performance but recent signs of recovery.
Suraksha Diagnostic's initial public offer (IPO) has seen a subscription of 19% on its second day, with retail investors leading at 34%. The IPO received bids for 25.24 lakh shares out of 1.34 crore shares available. The first day saw a muted response, with only 11% subscription and no bids from qualified institutional buyers (QIBs).
Suraksha Diagnostic's IPO had a lackluster debut on November 29, achieving only 10% subscription on its first day. The Kolkata-based company aims to raise Rs 846.25 crore through an offer-for-sale of 1.9 crore equity shares, with a price band set at Rs 420-441 per share. While retail and non-institutional investors showed some interest, qualified institutional investors have yet to place any bids.
Suraksha Diagnostic, backed by OrbiMed, has filed its red herring prospectus for an IPO set to launch on November 29. The offering consists entirely of an offer-for-sale of 1.91 crore equity shares by existing shareholders, with no fresh issue component. The bidding will close on December 3, following an anchor book opening for institutional investors on November 28.
Suraksha Diagnostic Ltd.
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