Invicta Diagnostic Ltd IPO

Invicta Diagnostic Ltd IPO

We are a diagnostic chain in Mumbai Metropolitan Region (MMR) offering radiology and pathology solutions. We offer radiology and pathology testing services such as imaging (including radiology) and pathology/clinical laboratory to customers under the brand name PC Diagnostics through our operational network, which consists of 7 diagnostic centres and 1 centralised laboratory across MMR in the state of Maharashtra either directly or through our subsidiaries.

Invicta Diagnostic Ltd IPO Details

Total Shares Offered

₹ 33,08,800

Offer to Public

TBA

Retail Max (Shares)

₹ 11,00,176

Pre Issue Promoters Holding

₹ 83,84,920

Exchange

NSE

Issue size

₹ 28.12 Cr

IPO Open Date

Dec 1, 2025

Close Date

Dec 3, 2025

Lot Size

3200

Min Investment

₹ 2,56,000

Issue Type

Book Building - SME

Listing Date

Dec 8, 2025

Invicta Diagnostic Ltd IPO Dates

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Dec 1, 2025
Opening date
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Dec 3, 2025
Closing date
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Dec 4, 2025
Basis of Allotment
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Dec 5, 2025
Initiation of Refunds
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Dec 5, 2025
Credit of Shares
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Dec 8, 2025
Listing date

Details

SectorType
SectorHealthcare
Sub SectorNA
Issue TypeBook Building - SME

Subscription Status

*Values are in Lakhs

Investor Type

QIB

NII

Retail

Employee

Total

Invicta Diagnostic Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)
Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations30.1015.83TBA
EBITDA8.773.18TBA
PAT5.382.40TBA
Total Assets5.101.92TBA
Share Capital8.420.13TBA
Total Borrowings1.540.04TBA
Operating Activities (Net Cash)6.332.78TBA
Investing Activities (Net Cash)8.004.20TBA
Financing Activities (Net Cash)1.540.04TBA
Net Cashflow0.800.89TBA

About Invicta Diagnostic Ltd

Our Company was incorporated as Limited Liability Partnership under the name Invicta Diagnostic LLP under the provisions of the Limited Liability Partnership Act, 2008 vide Certificate of Incorporation dated January 22, 2021 issued by Assistant Registrar of Companies, Central Registration Centre. Further, Invicta Diagnostic LLP was converted into a private limited company Invicta Diagnostic Private Limited pursuant to the provisions of Chapter XXI of the Companies Act, 2013 and a fresh Certificate of Incorporation dated December 01, 2023 was issued by Assistant Registrar of Companies, Central Registration Centre. Subsequently, our Company was converted from a private limited company to a public limited company, pursuant to a resolution passed in the extraordinary general meeting of our Shareholders held on April 20, 2024 and the name of our Company was changed to Invicta Diagnostic Limited and a fresh certificate of incorporation dated July 02, 2024 was issued to our Company by the Assistant Registrar of Companies/ Deputy Registrar of Companies/ Registrar of Companies, Central Processing Centre. The Corporate Identification Number of our Company is U86100MH2023PLC414723.

Diagnostic services identify health conditions, ensuring diagnosis, treatment planning, and recovery. Catering to B2B (hospitals, clinics) and B2C (direct customers), these services are segmented into Pathology and Radiology. In India, the Radiology industry grew at a CAGR of 11.5% from 2020 to 2024 and is poised to grow from Rs. 407 billion in 2024 to Rs.868 billion by 2030 at a CAGR of 13.5%. In Maharashtra, it grew at a CAGR of 10.7% from 2020 to 2024 and is poised to grow from Rs. 15.04 billion in 2024 to Rs. 31.4 billion by 2030 at a CAGR of 13.1%.

We are a diagnostic chain in Mumbai Metropolitan Region (MMR) offering radiology and pathology solutions. We offer radiology and pathology testing services such as imaging (including radiology) and pathology/clinical laboratory to customers under the brand name PC Diagnostics through our operational network, which consists of 7 diagnostic centres and 1 centralised laboratory across MMR in the state of Maharashtra either directly or through our subsidiaries.

Peer Comparison:

  • Invicta Diagnostic Limited
  • Vijaya Diagnostic Centre Limited
  • Krsnaa Diagnostics Limited

Invicta Diagnostic Ltd Key Points

Strengths

Expanding presence in Mumbai Metropolitan Region (MMR) specifically in radiology sector.

Diagnostics provider that offers one-stop solution at affordable price.

Technical capability and technology with IT infrastructure.

Dedicated management team with significant industry experience.

Implementation of Hub and Spoke Model.

Risk

Its business and prospects may be adversely affected if the company is unable to maintain and grow its brand name and brand image.

Any interruptions at its flagship centre and other diagnostic centres may affect the company ability to process diagnostic tests, which in turn may adversely affect its business, results of operations and financial condition.

Concentrated emphasis on radiology services also exposes it to substantial risks that could adversely impact its operations, financial performance, and long-term growth prospects.

Strategy

Expanding geographic footprint across the Maharashtra.

Deepen footprint in our core markets and Physician Outreach.

Branding and Advertising.

Supplement Organic Growth with Acquisitions.

How To Apply for Invicta Diagnostic Ltd IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Invicta Diagnostic Ltd IPO?

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Invicta Diagnostic Ltd's IPO offers shares for up to 28.12 It begins on Dec 1, 2025 and ends on Dec 3, 2025.

What is the price of the Invicta Diagnostic Ltd IPO?

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The price of Invicta Diagnostic Ltd IPO ranges between ₹80 to ₹85 per share.

What are the open and close dates for the Invicta Diagnostic Ltd IPO?

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The Invicta Diagnostic Ltd IPO opens on Dec 1, 2025 and closes on Dec 3, 2025.

When will the Invicta Diagnostic Ltd IPO be allotted?

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The allotment for the Invicta Diagnostic Ltd IPO will be finalised on Dec 4, 2025. The shares will be listed on BSE and NSE on Dec 8, 2025.

What is the minimum lot size required for Invicta Diagnostic Ltd IPO?

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The minimum lot size for Invicta Diagnostic Ltd IPO is 3200 shares, priced between ₹80 to ₹85 per share.

What is the GMP of Invicta Diagnostic Ltd IPO?

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The GMP (Grey Market Premium) of Invicta Diagnostic Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Invicta Diagnostic Ltd IPO?

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To check the allotment status of Invicta Diagnostic Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Invicta Diagnostic Ltd IPO getting listed?

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The Invicta Diagnostic Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Dec 1, 2025, and closes on Dec 3, 2025. The allotment is finalised on Dec 4, 2025.

How do you apply for the Invicta Diagnostic Ltd IPO?

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To apply for the Invicta Diagnostic Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.

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