Vijaya Diagnostic Middle has a sluggish begin, listed at 2% premium on BSE and NSE

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At 10:10 am, the shares of Vijaya Diagnostic have been buying and selling with a achieve of 8.8 per cent on the BSE.

Shares of Vijaya Diagnostic Middle made a weak begin within the inventory markets. Shares of Kedara Capital-backed diagnostic chain have been listed at Rs 542.30 on BSE, which is a premium of two.13 per cent over the problem worth of Rs 531 per share. The inventory opened at Rs 540 at a premium of 1.69 per cent on the NSE. At 10:10 am, Vijaya Diagnostic shares have been buying and selling at Rs 577, up 8.8 per cent, and up 8.5 per cent at Rs 576.25 on the BSE.

The general public difficulty of Vijaya Diagnostic Middle was a proposal on the market of 35.69 million shares by all the current shareholders and promoters together with Dr S Surendranath Reddy, Karakoram and Kedara Capital Different Funding Fund – Kedara Capital AIF I.

The general public provide was subscribed 4.54 instances. The Certified Institutional Consumers section was subscribed 13.07 instances, non-institutional traders 1.32 instances and the retail traders section was subscribed 1.09 instances.

Vijaya Diagnostic Middle was promoted by Dr S Surendranath Reddy. It is likely one of the largest built-in diagnostic chains in South India, offering pathology and radiology testing providers at 80 diagnostic facilities and 11 reference laboratories in 13 cities and cities throughout Telangana, Andhra Pradesh, NCR and Kolkata.

Edelweiss Monetary Companies, ICICI Securities and Kotak Mahindra Capital are the e book working lead managers of the general public difficulty, whereas Cfintech is the registrar of the problem.