Star Imaging IPO
Star Imaging IPO
Overview
Star Imaging IPO is a bookbuilding of ₹69.47 crores. The issue is a combination of fresh issue of 39.20 lakh shares aggregating to ₹55.66 crores and offer for sale of 9.72 lakh shares aggregating to ₹13.80 crores. Star Imaging IPO opens for subscription on August 8, 2025 and closes on August 12, 2025. The allotment for the Star Imaging IPO is expected to be finalized on Wednesday, August 13, 2025. Star Imaging IPO will be list on BSE SME with a tentative listing date fixed as Monday, August 18, 2025. Star Imaging IPO price band is set at ₹135 to ₹142 per share. The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹2,70,000 (2,000 shares). The minimum lot size investment for HNI is 3 lots (3,000 shares) amounting to ₹4,26,000. Share India Capital Services Private Limited is the book-running lead manager of the Star Imaging IPO, while Kfin Technologies Limited is the registrar for the issue.The market maker for Star Imaging IPO is Share India Securities Limited.
Total Shares
48,92,000
Issue Size
₹69.47 Cr
Price Band
₹142 – ₹142
Lot Size
1000 shares
Min. Investment
₹2,84,000
Max. Investment
₹2,84,000
Open Date
08 Aug, 2025
Close Date
12 Aug, 2025
Allotment
13 Aug, 2025
Listing
18 Aug, 2025
Max. Investment
₹2,84,000
Announced
08 Aug, 2025
Opening Date
08 Aug, 2025
Closing Date
12 Aug, 2025
Basis of Allotment
13 Aug, 2025
Initiation of Refunds
14 Aug, 2025
Credit of Shares
14 Aug, 2025
Listing Date
18 Aug, 2025
Live GMP
Est. Listing: ₹145
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About Star Imaging IPO
Incorporated in 2004, Star Imaging and Path Lab Limited is a healthcare company providing diagnostic services across a wide range of medical tests.
The company specializes in imaging services such as X-rays, ultrasounds, CT scans, MRIs, and laboratory tests, including blood tests, urine tests, and other specialized diagnostics.
With advanced technology and experienced medical professionals, the company aims to offer accurate and timely reports to patients, helping healthcare provi
Star Imaging IPO Share Price
Issue Breakdown
Shareholding
Dilution: 29.0% increase in shares
Star Imaging IPO Promoters Holding
Star Imaging IPO Financial Health
Star Imaging & Path Lab Ltd.'s revenue increased by 5% and profit after tax (PAT) rose by 28% between the financial year ending with March 31, 2025 and March 31, 2024.
Star Imaging IPO Lot Size
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2000 | ₹2,84,000 |
| Individual investors (Retail) (Max) | 2 | 2000 | ₹2,84,000 |
| S-HNI (Min) | 3 | 3000 | ₹4,26,000 |
| S-HNI (Max) | 7 | 7000 | ₹9,94,000 |
| B-HNI (Min) | 8 | 8000 | ₹11,36,000 |
(All values in CR)
Star Imaging IPO Valuations
The market capitalization of Star Imaging IPO is ₹247.36 Cr. KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| ROE | 40.65 |
| ROCE | 29.92 |
| Debt/Equity | 0.69 |
| RoNW | 40.65 |
| PAT Margin | 18.1 |
| EBITDA Margin | 36.22 |
| Price to Book Value | 4.07 |
(All values in CR)
Star Imaging IPO Strength & Risk
Star Imaging IPO Strength:
Offers integrated diagnostics: pathology, radiology, cardiology, neurology.
Operates in Delhi, UP, Nashik with B2C, B2B, and B2G clients.
NABL-accredited labs ensuring quality standards.
Revenue grew from ₹58.7 Cr (FY23) to ₹79.97 Cr (FY24).
Net profit increased to ₹12.45 Cr in FY24.
Strong EBITDA margin (28.5%) and PAT margin (15.7%).
High ROCE of 29.7% in FY24.
Debt-to-equity improved from 1.40 to 0.98 in FY24.
Promoter-led with experienced leadership.
Star Imaging IPO Risk:
Involved in legal proceedings with promoters and directors.
Past lapses in CSR and statutory compliance filings.
Negative cash flows in recent periods.
Registered office is not company-owned.
Documentation gaps in corporate records.
High reliance on advanced diagnostic equipment.
Competitive sector with pricing pressure from larger players.
Liquidity and working capital constraints may impact expansion plans.
Star Imaging IPO Subscriptions Status
Star Imaging IPO subscribed 5.67 times. The public issue subscribed 2.32 times in the individual investors category, 12.85 times in QIB (Ex Anchor), and 4.38 times in the NII category by August 12, 2025 5:04:32 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 13,04,000 | 13,04,000 | 18.517 |
| Market Maker | 1.00 | 4,80,000 | 4,80,000 | 6.816 |
| QIB (Ex Anchor) | 12.85 | 8,71,000 | 1,11,88,000 | 158.87 |
| Non-Institutional Buyers | 4.38 | 6,57,000 | 28,75,000 | 40.825 |
| bNII (bids above ₹10L) | 5.12 | 4,38,000 | 22,42,000 | 31.836 |
| sNII (bids below ₹10L) | 2.89 | 2,19,000 | 6,33,000 | 8.989 |
| Individual Investors (IND category bidding for 2 Lots) | 2.32 | 15,28,000 | 35,38,000 | 50.24 |
| Employees | 0.31 | 52,000 | 16,000 | 0.227 |
| Total | 5.67 | 31,08,000 | 1,76,17,000 | 250.161 |
Star Imaging IPO GMP
Star Imaging SME IPO last GMP is ₹2.5, last updated Aug 14th 2025 05:58 PM. With the price band of 142.00, Star Imaging SME IPO's estimated listing price is ₹144.5 (cap price + today's GMP).The expected percentage gain/loss per share is 1.76%. >> Star Imaging SME IPO Retail Subject to Sauda: ₹1900 The lowest GMP is ₹0.00, while the highest GMP is ₹3.00.
Last updated 14 Aug, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 14 Aug, 2025 | 142 | ₹2.5▲ | 1900 | ₹144.5 (1.76%) | 2500 | 14 Aug, 2025 |
| 13 Aug, 2025 | 142 | ₹2▼ | 1500 | ₹144 (1.41%) | 2000 | 13 Aug, 2025 |
| 12 Aug, 2025 | 142 | ₹3▲ | 2300 | ₹145 (2.11%) | 3000 | 12 Aug, 2025 |
| 11 Aug, 2025 | 142 | ₹0 | - | ₹142 (0.00%) | - | 11 Aug, 2025 |
| 10 Aug, 2025 | 142 | ₹0 | - | ₹142 (0.00%) | - | 10 Aug, 2025 |
| 09 Aug, 2025 | 142 | ₹0 | - | ₹142 (0.00%) | - | 09 Aug, 2025 |
| 08 Aug, 2025 | 142 | ₹0 | - | ₹142 (0.00%) | - | 08 Aug, 2025 |
| 07 Aug, 2025 | 142 | ₹0 | - | ₹142 (0.00%) | - | 07 Aug, 2025 |
| 06 Aug, 2025 | 142 | ₹0 | - | ₹142 (0.00%) | - | 06 Aug, 2025 |
| 05 Aug, 2025 | 142 | ₹0 | - | ₹142 (0.00%) | - | 05 Aug, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Star Imaging IPO
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Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find Star Imaging IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.