IPO update: Vijaya Diagnostic Centre

Vijaya Diagnostic Centre came out with its IPO three months ago. You can read our detailed analysis of it here. In this article, we are going to focus on how the company has performed post-issue in the market and financially. Our analysis of the IPO Vijaya Diagnostic Centre is in the business of offering pathology and radiology services through its diagnostic centres. Their diagnostic centres are primarily located in Telangana and Andhra Pradesh with a small presence in Kolkata. At present, the company has 81 diagnostic centres and 11 reference labs where they provide 740 routine and 870 specialised pathology tests; while offering 220 basic and 320 advanced radiology tests. Based on its innovative hub and spoke business model, as well as leadership in the south region, we gave the company a score of 20 out of 28. We had two major concerns; its geographical