Vijaya Diagnostic Centre raises Rs566.12cr from anchor investors ahead of the IPO

Vijaya Diagnostic Centre raises Rs566.12cr from anchor investors ahead of the IPO

The price band for the public issue has been fixed at Rs522-531.

Initial Public Offer, IPO
Vijaya Diagnostic has finalized 29 anchor investors, allotting 10,661,418 shares at Rs531 per share aggregating Rs566.12cr.

The list includes high-quality long-only investors such as Fidelity Management Research, Fidelity Investments, Aberdeen, Abu Dhabi Investment Authority (ADIA), Kuwait Investment Authority (KIA), Government Pension Fund Global.

The anchor saw participation from all large blue-chip domestic mutual funds, including SBI Mutual Fund, Axis Mutual Fund, Aditya Birla Mutual Fund, ICICI Prudential Mutual Fund, Nippon India Mutual Fund, Franklin Templeton Mutual Fund, Mirae Mutual Fund and DSP Mutual Fund.

Other large institutions that participated include Kotak India Growth Fund, Goldman Sachs, Pioneer Investment Fund, CLSA, ICICI Prudential Life, SBI Life Insurance, Kotak Life Insurance, Bajaj Allianz Life etc.

The price band for the public issue has been fixed at Rs522-531.

Recent companies based out of Hyderabad that went public include Gland Pharma and KIMS Hospital. While Gland Pharma is up 160% since IPO in November last year, KIMS Hospital is up 55% since IPO in June this year.