Star Imaging and Path Lab IPO Opened Today
By Ankur Chandra | Published at: Aug 8, 2025 05:20 PM IST
New Delhi, August 8, 2025 – Star Imaging and Path Lab Limited IPO opened today. This announcement follows the successful allotment for the anchor book, which raised ₹18.51 crore from institutional investors.
In the year ending March 2025, Star Imaging generated revenues of ₹83.79 crore (up 5% YoY), with PAT of ₹15.96 crore and an increase of 28% from the prior year.
Anchor Investor Allocation
The company consulted with its Book Running Lead Manager for guidance on allotting 13,04,000 equity shares at ₹142 per share (₹10 par + ₹132 premium) to 11 anchor investors on August 7, 2025. The largest allocation was to Invicta Continuum Fund I, to whom the company allotted 421,000 shares, or 32.29% of the anchor allocation.
Summary of Anchor Allotments:
| Sr. No. | Anchor Investor | Shares Allotted | % of Anchor Portion | Price per Share (₹) |
|---|---|---|---|---|
| 1 | Invicta Continuum Fund I | 4,21,000 | 32.29% | 142.00 |
| 2 | MILI Capital Investment Trust – MILI Emerging Equities Fund | 71,000 | 5.44% | 142.00 |
| 3 | Compact Structure Fund | 71,000 | 5.44% | 142.00 |
| 4 | Persistent Growth Fund – Varsu India Growth Story Scheme 1 | 71,000 | 5.44% | 142.00 |
| 5 | Sunrise Investment Trust – Sunrise Investment Opportunities Fund | 71,000 | 5.44% | 142.00 |
| 6 | Negen Undiscovered Value Fund | 2,44,000 | 18.71% | 142.00 |
| 7 | Jalan Chemical Industries Pvt Ltd | 71,000 | 5.44% | 142.00 |
| 8 | Viney Growth Fund | 71,000 | 5.44% | 142.00 |
| 9 | NAV Capital VCC – NAV Capital Emerging Star Fund | 71,000 | 5.44% | 142.00 |
| 10 | Navbharat Investment Trust – Navbharat Investment Opportunities Fund | 71,000 | 5.44% | 142.00 |
| 11 | Strategic Sixth Sense Capital Fund | 71,000 | 5.44% | 142.00 |
| Total | 13,04,000 | 100.00% |
IPO Details
The IPO is available in the price range of ₹135–₹142 for a total issue of 48,92,000 equity shares. This IPO includes 39.2 lakh shares as a fresh issue and an additional 9.72 lakh shares offered for sale by promoter Pawan Gupta.
The bid for the IPO is open from August 8 to August 12, 2025.
The proposed listing is on the BSE SME platform and is expected to list on August 18. Share India Capital Services is the lead manager, and Kfin Technologies is the registrar.
Uses of Proceeds
The net proceeds from the fresh issue will be applied towards working capital requirements, repayment/prepayment of certain borrowings, and funding capital expenditure related to the installation of medical equipment in existing facilities, along with general corporate purposes.
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