IPO update: Krsnaa Diagnostics

Krsnaa Diagnostics came out with its IPO nine weeks ago. You can find Value Research's IPO analysis here. This article will focus on how the company has faired post-IPO in the market and financially. Our analysis of the IPO Krsnaa Diagnostics is a chain of diagnostic centres. It provides an array of services like imaging (radiology), pathology, clinical laboratory, and tele-radiology in hospitals, medical colleges, and community centres across India. The company has one of the largest diagnostics chains with 1,800 locations across 13 states. Based on their large footprint, expansion plans, and long-term contracts, we gave the company a score of 18 out of 28. Our major concerns were its dependence on government contracts from where they got 68 per cent of their revenue and incons