Quote on Grey Market Premium of Vijaya Diagnostics IPO by Mr. Yash Gupta, Angel Broking Ltd
Below is quote on Grey Market Premium of Vijaya Diagnostics IPO by Mr. Yash Gupta, Equity Research Associate, Angel Broking Ltd
What's Grey Market premium suggesting for Vijaya Diagnostics IPO?
Vijaya Diagnostics IPO to open on 1st September 2021 with issue size of Rs.1894 crores, the price band of the IPO is Rs.522-531 and lot size of 28 shares.
We have seen a flat grey market premium for Ami Organics IPO since the price announcement, as per the different market news currently Grey market premium for Vijaya Diagnostics is at Rs.30, which is 5.6% of IPO price. Grey market is not suggesting any big listing for Vijaya Diagnostics IPO. The total IPO issue size is of Rs. 1894 crores, which consists of Offer for sale of 3.56 crores shares from promoters and investors.
Vijaya Diagnostics IPO has been priced at Rs.531 which seems to be higher side of the recently listed diagnostic company. Companies majority revenue comes from Hyderabad. Vijaya Diagnostic provides integrated services of pathology and radiology, company offers around 740 routine tests, 870 specialize pathology tests, 220 basic tests, and 320 advanced radiology tests. IPO has been priced at price to earning of 64 times of FY2021 earning which is near around the listed players in India. We have a neutral outlook on Vijaya Diagnostic center IPO.
Above views are of the author and not of the website kindly read disclaimer
Tag News
On the higher side, immediate resistance is seen around 36000 - 36200 levels - Angel One