Invicta Diagnostics Rs 28-cr IPO on Dec 1

New Delhi: Invicta Diagnostic, which operates PC Diagnostics, on Thursday said the Rs 28.12-crore initial public offering will open for public subscription on December 1.

The initial public offering (IPO) will conclude on December 3 and the bidding for anchor investors will open for a day on November 28, Mumbai-based Invicta Diagnostic said in a statement. The company has fixed a price band at Rs 80-85 per equity share, it added.

The IPO is entirely a fresh issue of 33.08 lakh equity shares aggregating to Rs 28.12 crore. The net proceeds from the fresh issue to the tune of Rs 21.11 crore will be used for purchase of medical equipment towards establishment of five new diagnostic centres in Maharashtra. A portion of proceeds will also be used for general corporate purposes.