Delhi-based diagnostic chain Star Imaging and Path Lab is set to open its maiden public issue for subscription on August 8, with price band of Rs 135-142 per share. The offer will close on August 12.
The anchor book of the IPO will be launched on August 7. The company will finalise its IPO share allotment by August 13, and its shares will be available for trading on the BSE SME effective August 18.
Star Imaging is raising Rs 69.5 crore via IPO which consists of fresh issue of 39.2 lakh shares, and an offer-for-sale of 9.72 lakh shares by promoter Pawan Gupta.
The company operates 4 diagnostic centres in Delhi and 19 centres under the public private partnership (PPP) model under collaboration with the government, taking the total to 23 centres.
Star Imaging will spend Rs 25 crore of fresh issue proceeds for its working capital requirement, and Rs 5.14 crore for purchase of refurbished medical equipment in running facilities. Further, Rs 12 crore will be utilised for repaying debt, and the remainder funds for general corporate expenses.
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On the financial front, the profit in the year ended March 2025 increased by 28.1 percent to Rs 16 crore, and revenue soared by 6 percent to Rs 83.5 crore compared to previous year.
Share India Capital Services is acting as the merchant banker for the Star Imaging & Path Lab IPO.
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