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Suraksha Diagnostic IPO: Premium Valuation Limits Near-Term Upside Potential

503 Views27 Nov 2024 23:09
SUMMARY
  • Suraksha Diagnostic (1481262D IN) offers a one-stop integrated solution for pathology and radiology testing, and medical consultation services in Eastern and North Eastern states of India.
  • The IPO comprises only an offer for sale of up to 19M equity shares, with no fresh issue. Suraksha Diagnostic has set price band of INR420–441 per share.
  • The floor price of the IPO reflects fair value of the company and discounts all near-term growth catalyst. We would advise not to subscribe the issue for listing gain.
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Tina Banerjee
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