Invicta Diagnostics targets Rs 60 crore revenue by 2027, plans IPO for expansion

Mumbai-based diagnostic service provider aims to grow its network and services, appoints Socradamus Capital as lead manager for IPO

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New Delhi: Invicta Diagnostics Limited operating under the brand name ‘PC Diagnostics,’ has announced plans to achieve a revenue of Rs. 60 crore by the financial year 2027. 
The Mumbai-headquartered company intends to raise capital through an initial public offering (IPO) to finance the expansion of its network and services. Socradamus Capital Private Limited has been appointed as the book running lead manager for the offering.
In the fiscal year 2024, Invicta Diagnostics reported a total revenue of Rs. 15.83 crore and a profit (PAT) of Rs. 3.80 crore based on Restated Consolidated Financial statements. This marks a significant increase from the previous fiscal year, where the company recorded a total revenue of Rs. 6.84 crore and a profit (PAT) of Rs. 0.23 crore based on Restated Standalone Financial statements. The company is targeting a revenue of Rs. 25 crore in FY2025.
“Quality and affordability have been the cornerstones of our success since our inception in 2021,” said Rohit Prakash Srivastava, Promoter and CFO of Invicta Diagnostics Limited. “We have made significant investments in hiring experienced radiologists and technicians to offer uncompromising services to our customers. Continuing our pursuit of excellence, we are exploring funding opportunities through an IPO to invest in advanced machinery and expansion plans to improve service quality.”
Invicta Diagnostics operates a robust network of diagnostic centres across Mumbai and its suburbs, following a hub-and-spoke model. The network includes one flagship centre in Thane, three hubs in Bhayandar, Byculla, and Marol, and four spokes in Lower Parel, Sewri, Mazgaon, and Kalwa. The company plans to open 10 additional diagnostic centres at strategic locations across Maharashtra within the next 12-18 months.
The company’s larger diagnostic centres (hubs) are equipped with advanced testing machinery such as CT scans and MRIs, while smaller centres (spokes) offer basic tests like sonography and X-rays. These spokes also function as sample collection centres.