Krsnaa Diagnostics IPO listing, Should you hold or sell

 

Krsnaa Diagnostics Ltd which was formerly known as Krsnaa Diagnostics Pvt Ltd is an India's biggest analytic administrations supplier in the medical care field of both in Radiology and Pathology. The organization principle mission to be effectively available and affordable to any individual who looks for best quality analysis. This makes organization unique in relation to different organizations. The organization responsibility towards its administrations making it promising in its medical care field.

The organization or company offers clinical greatness through community oriented tele radiology administrations to empower hearty proof based treatment for its patients in any side of the country. With the most trend setting innovation set up, furnished with a high level cloud-based PACS work process equipped for quick organization and simple combination into adaptable functional necessities, exact reports are conveyed from very capable Radiologists and Pathologists from across the globe.

This company conveys excellent assistance with brief turnaround of indicative reports; additionally furnish simple admittance to discussion with the group of demonstrative experts which has capacity to deal with symptomatic report needs.

Beginning of the Business Journey:

The organization or company began its business administrations in 2011. The organization began medical care administrations with a plan to make quality indicative administrations open and affordable to the last mile patient even in the remotest of areas. The organization plan of action underscores on the necessities and comfort of the patients who require organization administrations.

Solid Team efforts:

With a serious group working day-in and out, organization efforts took care of when group of the organization won India's first PPP project in Himachal Pradesh for setting up CT examine offices in 12 District Hospitals of the state. This effort acquired the certainty of the patients and partners. Organization began its extension program, to make its administrations accessible to different pieces of the country.  In the event that we will discuss organization presence in the time of 2020-21 then we will track down that the organization is a main diagnostics organization with the biggest Private-Public Partnerships. This organization shows its quality in 14 states and in excess of 1800 areas the nation over.

Company or organization Accreditation:

The organization has National Accreditation Board for Hospital and Healthcare Providers (NABH) gives accreditation which depends on ideal norms and expert responsibility; additionally it urges medical services associations to seek after greatness. Its evaluation depends on setting up administration and specialized skill as far as accreditation principles for conveying every one of the administrations inside its degree. It goes past consistence and requires the quest for greatness on a proceeding with premise. According to organization supervisory crew, they feel glad that two places in Indore (MP) and Jogeshwari (Mumbai), and own special tele radiology HUB is authorize with NABH.

The organisation has additionally National Accreditation Board for Testing and Calibration Laboratories (NABL) is the sole accreditation body for testing and adjustment research facilities. The goal of NABL is to give outsider appraisal of value and specialized capability. Lab accreditation is a way to further develop client trust in the test reports gave by the research facility so the clinicians and through them the patients will acknowledge the reports with certainty.

Company has cutting edge lab in Jayabai Nanasaheb Sutar Maternity Hospital in Pune is NABL certify. In the event that we will discuss the organization venture as report distributed on organization site then Kitara Capital , Somerset Capital and Phi Capital in various Series An and B.

Management team:

Company management team includes; Ms. Pallavi is a piece of Krsnaa Diagnostics since its starting she plays had an extraordinary influence being developed of the association. She has been impetus in the development and development of Krsnaa Diagnostics from the interaction of undertaking offering to the cycle of execution and execution of the activities. Assuming we will discuss the organization chief, Mr. Yash, he has capability of Chartered Accountant with over 15+ long stretches of involvement working with the Big review firms and in various ventures. He has additionally acquired work insight with Credit Suisse and with few MNC organizations. Mr. Yash is credited with Certified Fraud Examiner (ACFE, USA) and a Certified Information System Auditor (CISA).

Equipped with latest technology:

The Company invests wholeheartedly in affirming to the greatest principles in the business as is clear by its quality accreditation program, which made it one of only a handful, few labs in the country. The organization has continually attempted to refresh its hardware and it is the solitary organization to have MRI machines going from .2 Tesla to most recent 3Tesla machine and Multi Slice CT to 128 cut CT scanners with the most recent on the planet market office among a large group of moves up to its current, all gear up with the most recent in technology, assisting it with conveying the absolute best in quality reliably.

What Investors or Traders should do after listing of  IPO of Krsnaa Diagnostics:

Krsnaa Diagnostics Company made its entry into the Indian stock market with lazy start or we can say it was not as per the expectations of the investors or for the traders those were waiting for a huge listing gains.  Today on August 16, company started its stock market journey with the first day of trade in greend zone or we cay say in with positive trade. On its listing company stock was trading around 7 percent premium &  stock opened at Rs 1,025 on the BSE, Bombay stock exchange &  in  the National Stock Exchange it opened around 1,005.55rs. Before its listed It was subscribed more than 64 times.  In this PHI capital trust , kitara & somerset selling its stake. As per company management, they will use the raised amount for expansion in Punjab, Karnataka, and Maharashtra Himachal Pradesh & will use some amount for reducing debt. Company management commentary looks promising but the IPO price was looking over prices but still it had given average listing gains.

Many big fund houses had given advice for IPO subscription for short term listing gains & company has given some profit to its investors. It is better to book profit on every rise of price today stock price close around 987rs which is not a bad closing after profit booking. Company came up with the face value of 5rs with low book value, market cap around 3k. These all things forced me to say that company is only for long term investment point of view but at lower levels if comes in coming few days because its competitors has good presence of the business in its field.  Its competitors like Fortis hospitals, Apollo hospitals, Max healthcare, Dr Lal path Lab, Thyrocare technology etc these all big companies are also trading above as per its valuations in healthcare sector. 

In nutshell, we can say that krsnaa diagnostics is trading above is valuations but in the segment company operates has good future outlook but book profit on every rise may be the good strategy for traders. Otherwise strong company are available into the market in its competition.

Also read it: Should you apply for the IPO or not ?

Disclaimer:

It is my personal view on company IPO listing. There is no recommendation of buying or selling of the stock. Please do your own research on the company before taking any buying or selling decision