Vijaya Diagnostic IPO Sees QIB rush on closing day

Mumbai:  Hyderabad-based Vijaya Diagnostic Centre's Rs 1,895-crore initial public offering got fully subscribed on the final day of subscription with high demand from institutional investors for the IPO on the closing day on Friday.

Recognising the high visibility enjoyed by the diagnostic firm in the states of Telangana and Andhra Pradesh, besides NCR and Kolkata, qualified institutional buyers (QIBs) rushed to put in bids for the shares on the third day of subscriptions. The issue got more than 13 times subscriptions for the QIB category, while the high networth individuals and retail investors portions were subscribed 1.32 times and 1.09 times, respectively.

In all, as per last report, the public issue got subscribed  4.54 times.
The 40-year-old diagnostic firm had set a price band of Rs 522 to Rs 531 per share of Re 1 face value for the IPO.

On Tuesday, it had allotted shares worth Rs 566.12 crore to 29 anchor investors at Rs 531 each.