Vijaya Diagnostic IPO share allotment: Check status via BSE, KFin Tech websites; grey market premium vanishes

by Joseph K. Clark

Analysts say a recession-proof diagnostics business, a strong presence in South India & steady fundamentals augur well for a decent listing price gain for Vijaya Diagnostics.

Vijaya Diagnostic Centre IPO share allotment will likely be finalized on Wednesday, September 8, 2021. The Rs 1,894-crore issue had received 4.54 times subscriptions during the three-day bidding process. Vijaya Diagnostic Centre shares were ruling at Rs 526, a discount of nearly one percent over the IPO price of Rs 531, in the grey market, according to the people who deal in unlisted shares of the companies. Vijaya Diagnostic Centre shares traded with flat to negative premiums in the primary market.

The South-India-based integrated diagnostic chain’s IPO was an Offer For Sale (OFS). The initiation of refunds or unblocking of funds from the ASBA account will occur on September 9. The equity shares will be credited to the depository accounts of allottees on September 13. On Tuesday, September 14, 2021, the claims will likely be listed on the NSE and BSE.

Analysts say a recession-proof diagnostics business, a strong presence in South India & steady fundamentals augur well for a decent listing price gain for Vijaya Diagnostics. “Since the PE ratio seems to be higher as compared to an established player like Metropolis Healthcare, investors should book partial profits on listing day and re-enter at a 10-15% lower price for better returns in the coming months,” AR Ramachandran, Co-founder & Trainer, Tips2Trades, told Financial Express Online. The registrar of the issue is Kevin Technologies, a SEBI-registered entity responsible for the IPO allotment and refund processing. The IPO investors can check the IPO allotment status via BSE and the registrar’s websites.

Tech websites

How to check Vijaya Diagnostic Centre share allotment status via the KFin Tech Private Ltd website

When it gets declared, investors can check the allotment status on the Kevin Technologies website under the IPO Status section (https://ris.kfintech.com/ipostatus/). Afterward, select the IPO and enter your application number, DPID/Client ID, or PAN. In the case of the application number box, choose the application type and enter the application number. If the DPID/Client ID box is determined, select the depository from the drop-down menu, and enter DPIP, Client ID. If the PAN option box was chosen, enter the permanent account number. In the last step, enter the given captcha and click submit. This will show the number of shares applied and allotted to the investor.

Check Vijaya Diagnostic Centre’s share allotment status via the BSE website.

The allotment status in Vijaya Diagnostic Centre can also be checked via the BSE website (https://www.bseindia.com/investors/appli_check.aspx). From this link, select the issue type as ‘equity’ and ‘Vijaya Diagnostic Centre’ as the issue type from the drop-down list when it gets declared. Enter the application number and PAN (permanent account number). In the last step, click on the search tab to view the status details.

(The stock recommendations in this story are by the respective research analysts and brokerage firms. Financial Express Online does not bear any responsibility for its investment advice. Capital markets investments are subject to rules and regulations. Please consult your investment advisor before investing.)

Get live Stock Prices from the BSE, NSE, and US Market, and the latest NAV and portfolio of Mutual Funds; check out the newest IPO News, Best Performing IPOs, calculate your tax by using an Income Tax Calculator, know the market’s Top Gainers, Top Losers & Best Equity Funds like us on Facebook and follow us on Twitter.

telegramFinancial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news.

Related Posts