Here’s how to check Vijaya Diagnostic IPO allotment status, listing date and more

• The company is likely to announce its share allotment status on September 8.
• The IPO of the diagnostics lab chain Vijaya Diagnostic was subscribed 4.54 times on the last day of bidding.
• Investors have bid for 11.36 crore shares against the 2.50 crore shares on offer.

Diagnostics lab chain Vijaya Diagnostic is likely to announce the allotment of its initial public offering (IPO) status on September 8.

The IPO was open for subscription between September 1 and September 3.

Vijaya Diagnostic is looking to raise ₹1,895 crore through an entire offer for sale (OFS) from existing promoters with 3.56 crore equity shares.

The IPO has received good response from investors, especially from qualified institutional buyers and non-institutional investors. The portion for qualified institutional investors was subscribed 13.07 times while the non-institutional investor category received a bid for 1.32 times.

Overall, the investors have bid for 11.36 crore shares against the 2.50 crore shares on offer.

The company has a strong presence in southern India in the states of Andhra Pradesh and Telangana and now looks to expand in some eastern states primarily through acquisition.

“We are a debt-free company and due to our strong margin we also have liquidity on the balance sheet. We have built up a ₹250 crore cash on the book so priority is to use that corpus for the growth of the business. So we are definitely open for acquisition opportunities in any markets of interest,” said Sunil Chandra Kondapally, executive director at Vijaya Diagnostic in an interview with Business Insider.

Here is how to check Vijaya Diagnostic IPO allotment status on stock exchange website:

• Go to the BSE website or NSE website here.
• On BSE, Select 'Equity' and then from the dropdown, select 'Vijaya Diagnostic.
• Now, enter your application number and PAN.
• Click on 'Search'.
• Please note the details will only be available once the shares are allotted.

You can also visit the registrar website (Link Intime India) to check your application status.

• Visit the registrar's website here.
• Click on 'Select company' and click on 'Vijaya Diagnostic’.
• Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.
• Enter the captcha and click ’submit’.

Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you.

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