Ahmedabad: Suraksha Diagnostic Limited (the “Company”) proposes to open an initial public offering of Equity Shares (“Offer”) on Friday, November 29, 2024. The Anchor Investor Bidding Date is one Working Day prior to Bid/Offer Opening Date, being Thursday, November 28, 2024. The Bid/ Offer Closing Date is Tuesday, December 3, 2024. The Price Band of the Offer has been fixed from ₹ 420 per Equity Share to ₹ 441 per Equity Share. Bids can be made for a minimum of 34 Equity Shares and multiples of 34 Equity Shares thereafter, the company stated today.

The offical statement of the company states, “The Initial Public Offering is an Offer For Sale of up to 19,189,330 Equity Shares (“Offered Shares”), comprising up to 2,132,148 Equity Shares by Dr. Somnath Chatterjee, up to 2,132,148 Equity Shares by Ritu Mittal, up to 2,132,148 Equity Shares by Satish Kumar Verma (whose shares are jointly held with Suman Verma) (together with Dr. Somnath Chatterjee and Ritu Mittal, the “Promoter Selling Shareholders”), up to 10,660,737 Equity Shares by Orbimed Asia II Mauritius Limited (the “Investor Selling Shareholder”), up to 799,556 Equity Shares by Munna Lal Kejriwal, and up to 1,332,593 Equity Shares by Santosh Kumar Kejriwal (together the “Individual Selling Shareholders”) (The Promoter Selling Shareholders, The Investor Selling Shareholder and the Individual Selling Shareholders, Collectively Referred to as the “Selling Shareholders”).”

The company also states, “All potential Bidders (except Anchor Investors) are mandatorily required to participate in the Offer through the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective ASBA accounts and UPI ID in case of UPI Bidders, as applicable, pursuant to which their corresponding Bid Amount will be blocked by the Self Certified Syndicate Banks (“SCSBs”) or by the Sponsor Bank(s) under the UPI Mechanism, as the case may be, to the extent of the respective Bid Amounts. Anchor Investors are not permitted to participate in the Offer through the ASBA process.”

“The Equity Shares of the Company are proposed to be listed on BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”, together with BSE, the “Stock Exchanges”). ICICI Securities Limited, Nuvama Wealth Management Limited and SBI Capital Markets Limited are the Book Running Lead Managers (“BRLMs”) to the Offer,” the statement further said.