August 18, 2025
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Final Subscription Tally
| Size Rs. 62.65 Crore LM: | ||||
| QIB | NII x | RII x | Total x | Applications |
| 12.85 | 4.38 | 2.32 | 5.67 | 2243 |
| Subscription Review: so-so subscription on the last day |
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About Star Imaging
Star Imaging and Path Lab Limited, incorporated in 2004, is a healthcare company offering a comprehensive range of diagnostic and imaging services. The company specializes in radiology services (digital X‑rays, CT scans, MRIs, 4D & 5D ultrasounds, mammography) and pathology testing (haematology, microbiology, PCR, histopathology, and routine as well as specialized diagnostics). Backed by advanced technology and a skilled medical team, Star Imaging ensures accurate and timely reports, supporting healthcare providers in effective diagnosis and treatment. With a strong presence across multiple regions and a growing clientele from both individuals and healthcare institutions, the company employed 209 full‑time staff, including executive directors, as of September 30, 2024.
Star Imaging IPO Details
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Sector: Healthcare Services |
|
| IPO opens on | 8 August 2025 |
| IPO closes on | 12 August 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 39,20,000 Shares / Rs 55.66 Crore |
| * Fresh Issue | – |
| * Offer for Sale – | – |
| Market Maker Portion | 480000 Shares |
| Net offer to Public | 34,40,000 Shares Rs. 48.85 Crores |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 135-142 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1000 Shares |
| Listing will at | BSE SME |
How shares are being offered
| Investor Category | Shares Offered |
| QIB | Not more than 50% of the Net Offer |
| Retail | Not less than 35% of the Net Offer |
| NII | Not less than 15% of the Net Offer |
How shares can be applied?
| Application | Lots | Shares | Amount |
| Retail (Min) | 2 | 2,000 | 2,84,000 |
| Retail (Max) | 2 | 2,000 | 2,84,000 |
| S-HNI (Min) | 3 | 3,000 | 4,26,000 |
| S-HNI (Max) | 7 | 7,000 | 9,94,000 |
| B-HNI (Min) | 8 | 8,000 | 11,36,000 |
Who are the Promoters of Star Imaging IPO?
The promoter hold 100% of the pre-IPO capital
What are the Objects of Star Imaging IPO?
The Company proposes to utilize the Net Proceeds from Issue towards funding the following objects
+To Meet Working Capital Requirement Rs. 25 Cr.
+Repayment/prepayment of certain borrowings availed of by the Company Rs. 12.99 Cr.
+Funding the Capital Expenditure towards purchase of Refurbished Medical Equipment in running facilities Rs. 5.14 Cr.
+General Corporate purposes
Star Imaging IPO Timetable
Tentative timetable |
|
| IPO opens on | 8 August 2025 |
| IPO Closes on | 12 August 2025 |
| IPO Allotment on | 13 August 2025 |
| Refund Initiation | 14 August 2025 |
| Credit of Shares | 14 August 2025 |
| Listing on | 18 August 2025 |
| Registered Office of the Company Star Imaging & Path Lab Ltd. 4B/4, Tilak Nagar, Near Sant Pura, Tilak Nagar West Delhi, New Delhi, New Delhi, 110018 |
| Lead Managers of this IPO Share India Capital Services Pvt ltd |
| Who is the Registrar to the IPO? Kfin Technologies ltd |
Star Imaging Financials Snapshot
| Period Ended | 30-Sep-24 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
| Assets | 82.64 | 81.64 | 61.23 | 58.34 |
| Total Income | 42.67 | 79.97 | 58.68 | 69.27 |
| Profit After Tax | 6.21 | 12.45 | 0.58 | 6.29 |
| Net Worth | 37.56 | 31.35 | 18.93 | 18.36 |
| Reserves and Surplus | 36.06 | 29.85 | 17.43 | 16.86 |
| Total Borrowing | 29.29 | 30.64 | 26.56 | 29.56 |
| Amount in Rs. Crore | ||||
Performance Indicators
| KPI | Values |
| ROE | 18.03% |
| ROCE | 14.13% |
| Debt/Equity | 0.98 |
| RoNW | 39.72% |
| PAT Margin | 15.81% |
| Price to Book Value | 0.68 |
How Star Imaging IPO compares with the Peers?
There is no other listed company having the business, similar to that of this company.
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Star Imaging IPO Review
by Paresh Gordhandas, CA & Research Analyst
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Book‑building issue of Rs. 55.66 crore (fresh issue of 39.2 lakh shares) with a promoter sell‑off of 9.72 lakh shares; listed on BSE SME. Subscription opens August 8, closes August 12, allotment expected August 13, listing around August 18, 2025.
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Price band: Rs. 135–142 per share.
