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IPO Analysis > star-imaging-bse-sme

Star Imaging IPO Logo 

Star Imaging IPO: Everything You Need To Know 

India’s diagnostics industry is growing with 10% to 12% CAGR from FY24 to FY28. Star Imaging, which has been a trusted name in diagnostic services for years, is now planning to launch its IPO. 

The Star Imaging IPO manager is Share India Capital and KFIN Technologies will act as the registrar. Click here to know your allotment status.

See the Star Imaging IPO RHP for more details. 

Note: Half of Star Imaging IPO’s shares will be unlocked 30 days after allotment, while the rest will be free from lock-in restrictions after 90 days.

Star Imaging IPO Details: Company Profile


Particulars

Details

Established 

1978

Registered Office 

New Delhi

Promoter

Mr. Pawan Gupta

Services

Diagnostic testing network

Manufacturing Facility 

Best Imaging Service Provider of the Year, Best Diagnostic & Imaging Centre, and IMA Natcon

Competitors 

Agilus Diagnostics, Dr Lal Pathlabs, and Metropolis Healthcare


Exploring the Star Imaging IPO Details

Here you’ll find important information like the IPO price, listing exchange, and who can apply. 

  • Star Imaging IPO Date

Event Description

Date

Opening of IPO subscription

08 Aug 2025

Closing of IPO subscription

12 Aug 2025

UPI confirmation will be on

12 Aug 2025 (5 PM)

Finalisation of share allotment

13 Aug 2025

Initiation of refund process

14 Aug 2025

Credit to demat accounts

14 Aug 2025

Listing of shares on stock exchanges

18 Aug 2025

Expiry of UPI mandate

28 Aug 2025

End of lock-in for 50% anchor investor shares

12 Sep 2025

End of lock-in for remaining anchor investor shares

11 Nov 2025

Make sure your demat account is active and linked with a broker who handles IPOs.

  • Star Imaging IPO size

Particulars

Equity Shares

Aggregate Value

Fresh Issue 

39,20,000

₹55.67 crores

Offer for Sale

9,72,000

₹13.80 crores

Overall Issue 

48,92,000

₹69.47 crores


  • Objectives of the offer 

The company has outlined clear uses for the funds raised. These include supporting ongoing projects and other general corporate needs.

Particulars

Amount (₹ in Lakhs)

Working capital funding

2,500.00

Repayment or prepayment 

1,200.00

Investment in medical equipment 

514.08

General corporate expenses

Not Disclosed 

Net proceeds from the issue

Not Disclosed


  • Other takeaways from the Star Imaging IPO Price

Particulars

Description

Face value of each share

₹10

Price Range

₹135 – ₹142

Listed At 

BSE SME 


  • Categorisation of different investors 

Particulars of the Offer

Eligible Employees Portion

Market Maker Reservation 

QIBs

Non-Institutional Investors

Retail Investors

Equity Shares 

52,000 Equity Shares

4,80,000 Equity Shares

21,75,000 Equity Shares

6,57,000 Equity Shares

15,28,000 Equity Shares

Minimum Bid Size

2,000 Equity Shares

2,000 Equity Shares in multiples of 1,000

Not Disclosed

Not Disclosed

Not Disclosed

Maximum Application Size

2,000 Equity Shares

Not Disclosed

Not Disclosed

Not Disclosed

Not Disclosed


Star Imaging IPO details: Key Financials

Particulars

March 31, 2025

March 31, 2024

March 31, 2023

Share Capital

1,350.00

150.00

150.00

Net worth

4,715.37

3,135.14

1,893.38

Revenue from operations

8350.01

7878.41

5853.23

Profit After Tax

1,595.54

1,245.38

58.29

Earnings Per Share – Basic & Diluted (Post Bonus)

11.80

9.20

0.43

NAV per Equity Shares (Post Bonus)

34.93

209.01

126.23

Total Borrowings (Secured & Unsecured both)

3273.42

3063.74

2656.01


Metrics of Star Imaging IPO 


Particulars

2025

2024

2023

EBITDA (%) Margin 

34.21%

28.46%

9.95%

EBITDA Growth Period on Period

27.46%

284.76%

(60.43%)

ROCE (%) 

29.83%

29.54%

5.74%

Current Ratio 

1.96

1.63

1.01

Operating Cash Flow 

(596.08)

1,824.59

646.80

PAT 

1,591.26

1,233.82

57.32

ROE / RONW 

0.41

0.49

0.03

EPS (after considering bonus)

11.79

82.25

3.82


Strengths and risks

These strengths and risks offer deeper insights into the business before it hits the stock market.

Strengths 

  • Works with individuals, businesses, and government, so income comes from different sources

  • Has a network and is expanding smartly to reach more people

  • Backed by experienced leaders who know the healthcare industry well

  • Keeps advanced technology and ties up with government projects to stay efficient

Risks

  • Legal cases involving the company and its leaders could affect finances

  • Depends heavily on Delhi and UP, so local issues can hurt business

  • Most income comes from pathology and radiology, which could be risky

  • Relies on outside vendors and institutions without strong contracts

IPO Closing Soon: Is Star Imaging IPO Worth the Rush?

As the deadline nears, many investors are trying to decide if this issue is worth applying for. But as of now, there are no GMP updates for this IPO. Before investing, make sure you explore the IPO details and company financials. 

Thinking of other IPOs too? Don’t forget to check the live subscription and the latest GMP update. Also, get the complete Star Imaging price list before you apply. 

FAQs

1. What is the Star Imaging IPO GMP?

GMP for Star Imaging IPO is currently unavailable. GMP shows how much people are willing to pay over the listing price before the shares officially debut. For updates on GMP, click here.

2. How is the Star Imaging IPO review?

You should explore its regional presence, earnings, valuation and market risks on FinnPick. Sentiment might be positive or negative, but you must check its subscription to understand whether it's worth investing.

3. What is the price of the Star Imaging IPO?

The IPO is priced between ₹135 – ₹142 per share. This range was set after evaluating the company’s financials and industry outlook. Final allotment price may vary depending on demand and regulatory approvals.

4. Who is the founder of Star Imaging?

Star Imaging was founded by Anupama Patil. With deep experience in diagnostic services, they built the company from the ground up, expanding from a single centre to a network of advanced facilities known for reliability and quality care.

5. Can I apply for Star Imaging IPO without a demat account? 

No. You must have an active demat account to apply for any IPO, including Star Imaging. Shares can only be allotted electronically through the demat system. You will need to open one before applying or use a linked broker who manages it for you.
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