Krsnaa Diagnostics Limited

About the company

Incorporated in 2010, Pune-based Krsnaa Diagnostic provides a range of technology enabled diagnostic services such as imaging (including radiology), clinical laboratory tests, pathology and tele-radiology to public and private hospitals, medical colleges and community health centres across India. These services and tests are used for prediction, early detection, diagnostic screening, confirmation or monitoring of diseases. The company runs one of India’s largest tele-radiology reporting hubs which is located in Pune. This hub processes large volumes of X-rays, CT and MRI scans, allowing it to serve patients in remote locations where diagnostic facilities are limited. Since its inception, the diagnostic company has catered to 23 million patients. Krsnaa Diagnostic primarily focuses on the public private partnership (PPP) diagnostic segment, which contributes 67% of the total revenue. It usually enters into long-term PPP agreements which provide predictability of revenue. The company has opened 1,797 diagnostic centres in partnership with public agencies. Besides this, it is also increasing its collaboration with private healthcare players. This segment currently contributes around 33% of the revenue. After making losses in FY19 and FY20, the company posted a profit of ₹184 crore in FY21. Meanwhile, between FY19 and FY20, the company’s revenue has grown at a CAGR of 37.5%.

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   04 Aug 2021

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   06 Aug 2021

   Last day to place your bid

3. Basis of Allotment

   Completed
   06 Aug 2021

   Share allotment finalised

4. Refund Initiation

   Completed
   12 Aug 2021

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   11 Aug 2021

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   17 Aug 2021

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.