Suraksha Diagnostic Limited IPO

Incorporated in 2005, Suraksha Diagnostic Limited offers pathology, radiology testing and medical consultancy services. The company has a central reference laboratory with 8 satellite laboratories and 215 customer touchpoints, including 49 diagnostic centres and 166 sample collection centres as of June 30, 2024, across West Bengal, Bihar, Assam, and Meghalaya.

The company offers its customers online and offline medical consultation services under one roof via 44 diagnostic centres, which house 120 polyclinics with more than 750 doctors.

The operation of the diagnostic centres is supported by the technology platforms and systems that the company uses to streamline, such as its Laboratory Information Management System (“LIMS”), its fully integrated Radiology Information System (“RIS”), its Picture Archive Communication System (“PACS”) and its Enterprise Resource Planning System (“ERP”).

The company offers vaccination services and customized testing packages for disease prediction/early detection. The company uses digital pathology and artificial intelligence to generate blood tests. All radiology reporting is done through a digital platform that allows cases to be reported from all diagnostic centres, significantly reducing turnaround time.

Competitive Strengths are:

  1. Well-positioned diagnostics chain to capture the large growth opportunities for organized diagnostics chains in the fragmented markets for diagnostic services in eastern and northeastern India.
  2. Integrated diagnostics provider offering pathology and radiology testing and medical consultancy services from a single source.
  3. Well-invested and technologically advanced clinical infrastructure.
  4. Commitment to quality driving high individual consumer business share and customer retention.
  5. Management team with relevant industry experience.
 

Suraksha Diagnostic Limited Financial Information (Restated Consolidated)

Suraksha Diagnostic Limited’s revenue increased by 14.75% and profit after tax (PAT) rose by 281.32% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets314.20300.21281.20275.96
Revenue61.85222.26193.69225.77
Profit After Tax7.6723.136.0720.82
Net Worth187.05179.41155.93145.84
Reserves and Surplus176.80170.88147.40137.31
Total Borrowing7.578.6414.0119.03
Amount in ₹ Crore

Key Performance Indicator

KPI as of March 31, 2024.

KPIValues
ROE14.09%
ROCE21.46%
Debt/Equity0.2
RoNW14.09%
P/BV13.1
PAT Margin (%)10.57
 Pre IPOPost IPO
EPS (Rs) 4.44 
P/E (x) 99.31 
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2024 that is available in RHP.

Objects of the Issue (Suraksha Diagnostic IPO Objectives)

The Company will not receive any proceeds from the Offer for sale and all proceeds will go to the Selling Shareholders.

Suraksha Diagnostic IPO Details

IPO DateNovember 29, 2024 to December 3, 2024
Listing Date[.]
Face Value₹2 per share
Price Band₹420 to ₹441 per share
Lot Size34 Shares
Total Issue Size19,189,330 shares
(aggregating up to ₹846.25 Cr)
Offer for Sale19,189,330 shares of ₹2
(aggregating up to ₹846.25 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue52,080,758

Suraksha Diagnostic IPO Promoter Holding

The promoters of the company are Dr. Somnath Chatterjee, Ritu Mittal and Satish Kumar Verma.

Share Holding Pre Issue61.07%
Share Holding Post Issue 

SHARIAH SCREENING for - Suraksha Diagnostic Limited IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
Allah knows best.
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