.Due to the fact that the issue is actually fully an OFS, the company is going to certainly not get any earnings and all the funds are going to head to the selling shareholders (Image: Shutterstock) 2 minutes read through Final Updated: Oct 07 2024|5:52 PM IST.Integrated analysis establishment Suraksha Diagnostic Ltd has gotten Sebi's proceed to elevate funds with an initial public offering (IPO), an improve along with the markets regulatory authority presented on Monday.The Kolkata-headquartered firm's designed IPO contains an Offer-for-Sale (OFS) of up to 1.92 crore equity reveals through marketers and also real estate investor shareholders, with no new issue component, depending on to the Receipt False Trail Syllabus (DRHP). Click here to associate with us on WhatsApp.Under the OFS, marketers-- Somnath Chatterjee, Ritu Mittal, Satish Kumar Verma and also entrepreneurs-- OrbiMed Asia II Mauritius Ltd, Munna Lal Kejriwal as well as Santosh Kumar Kejriwal will certainly unload reveals..The firm, which had actually submitted preliminary IPO documents in July, secured the regulator's observation on September 30, the improve revealed.In Sebi's argot, getting its own reviews suggests the regulatory authority's go ahead to drift everyone issue.Based on the draft papers, the firm will certainly certainly not receive any sort of proceeds plus all the funds will definitely most likely to the offering investors as the concern is actually fully an OFS.Detailing the main reason for going public, the provider, in its receipt documents, mentioned that the listing is actually aimed at accomplishing the benefit of listing equity allotments on the stock exchanges as well as executing OFS for the selling investors.Given that the problem is actually totally an OFS, the company will definitely certainly not obtain any type of profits plus all the funds will certainly visit the selling shareholders.Suraksha Diagnostic offers a one-stop integrated solution for pathology and radiology testing as well as health care consultation companies to its own customers by means of its own significant working system, being composed of a crown jewel core endorsement research laboratory, 8 gps labs as well as 194 client touchpoints that include 48 analysis facilities, and also 146 example compilation centers (mostly franchised), around West Bengal, Bihar, Assam and Meghalaya as of March 31, 2024.During monetary 2024, it administered about 5.98 thousand tests offering approximately 1.14 thousand clients.ICICI Stocks Ltd, Nuvama Riches Management Ltd and SBI Financing Markets Ltd are actually the book-running top managers to the issue. The equity reveals are proposed to become provided on BSE as well as NSE.( Merely the headline and photo of this document might possess been remodelled by the Company Requirement staff the rest of the content is auto-generated from a syndicated feed.) 1st Posted: Oct 07 2024|5:52 PM IST.