Quote on Vijaya Diagnostic Centre Limited IPO struggle to get fully subscribed on Day 3 by Mr. Yash Gupta, Angel Broking Ltd
Below is quote on Vijaya Diagnostic Centre Limited IPO struggle to get fully subscribed on Day 3 by Mr. Yash Gupta, Equity Research Associate, Angel Broking Ltd
Today is the 3rd and last day for Vijaya Diagnostic Centre Limited IPO and as of now IPO only subscribed by 0.52 times of the overall IPO size. Vijaya diagnostics IPO struggle to get a response from Retail investors as well as Qualified Institutional investors, as of now the retail portion of the IPO received subscription of 0.8 times and Qualified Institutional investor's portion received a subscription of 0.32 times. If by the end of Day 3, Vijaya Diagnostics IPO doesn’t receive the full subscription then the company has the option to increase one day for subscription or to call back the IPO.
We had given a NEUTRAL rating to Vijaya Diagnostic IPO looking at the expensive valuations of the company and limited growth in It's key geography like Hyderabad.
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On the higher side, immediate resistance is seen around 36000 - 36200 levels - Angel One