Quote on Vijay Diagnostic IPO expected listing by Mr. Yash Gupta, Angel Broking Ltd

01-01-1970 12:00 AM | Source: Angel Broking Ltd

Quote on Vijay Diagnostic IPO expected listing by Mr. Yash Gupta, Angel Broking Ltd

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Below is quote on Vijay Diagnostic IPO expected listing by Mr. Yash Gupta, Equity Research Associate, Angel Broking Ltd

Vijay Diagnostic Centre Limited to list on stock exchanges on 14^th September 2021, the overall retail portion got subscribed 1.09 times so it was expected that almost all the investors got the allotment. Vijaya Diagnostic IPO is priced at Price to Earnings of 64.3 times and EV/EBITDA of 30 times at the upper price band of the IPO based on FY2021 numbers, which is in line with the listed peer group. We are not expecting any big listing gain from Vijaya Diagnostic Centre Limited IPO as we

believe that all the short term positive has been priced in the IPO price i.e ₹531. If we look at the current Grey Market Premium, as per market news GMP is at ₹5 i.e 1% at the upper price band of the IPO. We suggest retail investors who got the allotment to sell the stock at a price range of ₹540-₹560 and the investors who haven't received the allotment should not buy the stock at listing.

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Quote on Vijay Diagnostic IPO expected listing by Mr. Yash Gupta, Angel Broking Ltd

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