New Delhi, Sep 2 (PTI) The initial public offer of Vijaya Diagnostic Centre was subscribed 47 per cent on Thursday, the second day of subscription.

The three-day IPO received bids for 1,18,61,556 shares against 2,50,26,646 shares on offer, as per data available with the BSE.

Also Read | Redmi 10 Prime Launching Tomorrow in India; Check Expected Prices, Features & Specifications.

The Qualified Institutional Buyers (QIBs) category was subscribed 32 per cent, non-institutional investors 5 per cent and Retail Individual Investors (RIIs) 74 per cent.

The initial public offer (IPO) is entirely an offer for sale of up to 3,56,88,064 equity shares. The offer is in a price range of Rs 522-531 per share.

Also Read | Samsung Galaxy Tab S7 FE Wi-Fi Variant Launched in India at Rs 41,999.

Healthcare chain Vijaya Diagnostic Centre on Tuesday said it has raised a little over Rs 566 crore from anchor investors.

At the upper end of the price band, the initial share sale is expected to fetch about Rs 1,895 crore.

Vijaya Diagnostic Centre offers pathology and radiology testing services through 80 diagnostic centres and 11 reference laboratories across 13 cities and towns in the states of Telangana and Andhra Pradesh, as well as the National Capital Region and Kolkata.

ICICI Securities, Edelweiss Financial Services and Kotak Mahindra Capital Company are the managers of the offer.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)