Krsnaa Diagnostics Limited – Issue subscribed 64.40 times

Krsnaa Diagnostics Limited which had tapped the capital markets with its fresh issue for Rs 400 crs and an offer for sale of 85,25,250 equity shares in a price band of Rs 933-954 was subscribed 64.40 times.

The company had earlier completed allocation to anchor investors. The company allotted 56,28,937 shares to 36 anchor investors comprising of 44 entities. The highest allotment was made to 5 anchor investors who were each allotted 4,08,810 shares or 7.26% of the anchor book. The top five anchors were therefore allotted 36.3% of the anchor portion.

The QIB portion was subscribed 49.83 times, HNI portion was subscribed 116.30 times while Retail portion was subscribed 42.04 times. Employee portion was subscribed 0.98 times. There were 21.01 lac applications and on basis of applications, the retail issue was subscribed 20.63 times.

Full details of the subscription are given below: –

Krsnaa Diagnostics Subscription

Bucket Size Shares Applied for Times Oversubscribed
QIB 3752625 186979845 49.83
HNI 1876312 218210460 116.30
Retail

1250874 52590540 42.04
Employee 232288 227400 0.98
Total

7112099 458008245 64.40
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