Krsnaa Diagnostics IPO: How to check your allotment status

• Krsnaa Diagnostics is likely to announce its share allotment status for its IPO on Wednesday.
• The public issue was oversubscribed by 64.40 times on the third and last day of listing.
• The company received bids for 45.80 crore shares as against 71.12 lakh shares on offer.
• Check out the latest news and updates on Business Insider.

Krsnaa Diagnostics is likely to announce its share allotment status for its initial public offering (IPO) on Wednesday, August 11.

Krsnaa Diagnostics offers a wide range of diagnostic services such as imaging, pathology or clinical laboratory and tele-radiology services to public and private hospitals, medical colleges and community health centres across India.

The company is looking to raise ₹1,213 crore at the higher end of the price band of ₹933-954 per share. It will use the proceeds to aid its expansion plans and set up new diagnostics centres in different parts of the country — Punjab, Karnataka, Himachal Pradesh and Maharashtra. A part of the proceeds would also be used for repayment and prepayment of loans.

The issue opened for bidding on August 4 to August 6, and it was oversubscribed by 64.40 times. The company received bids for 45.80 crore shares as against 71.12 lakh shares on offer.

Here is how to check Krsnaa Diagnostics’ 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 'Krsnaa Diagnostics’.
• 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

• Visit the registrar's website here.
• Click on 'Select company' and click on ‘Krsnaa Diagnostics’.
• 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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