The initial public offering (IPO) of Global Health, which operates a chain of hospitals under the Medanta brand, was subscribed 9.58 times on the last day of the offer closing on Monday, November 9, 2022. The public issue received bids for the same. As per NSE data, 44.79 crore shares as against 4.67 crore shares on offer.
The category of Qualified Institutional Buyers (QIBs) was subscribed 28.64 times, while the share of non-institutional investors was subscribed 4.02 times and Retail Individual Investors (RII) at 88%.
The share allocation basis for Medanta Operator Global Health IPO is expected to be finalized this week on Friday, November 11, 2022 and if allotted, the shares will be credited to the demat account of the bidders on Tuesday, November next week . 15, 2022. The Registrar for this IPO is Keffin Technologies Limited, hence the allotment application can be checked on the Registrar’s website. Here or on BSE website Here,
As per market observers, Global Health Shares are available at a premium (GMP) 14 in the gray market today. The shares of the company are expected to be listed on the major stock exchanges BSE and NSE next week on Wednesday, November 16, 2022.
global health ipo Involves fresh issuance of shares up to 500 crore and offer for sale of 5,07,61,000 equity shares. Price Range for Offer was 319-336 per share. Last week, Global Health said it mobilized 662 crore from anchor investors. The proceeds from the fresh issue will be used for debt repayment and general corporate purposes.
Founded by Dr. Naresh Trehan, a renowned Cardiovascular and Cardiothoracic surgeon, Global Health is a leading private multi-specialty tertiary care provider in the North and Eastern regions of India.
Backed by private equity investors such as Carlyle Group and Temasek, Global Health operates a network of five hospitals under the ‘Medanta’ brand in Gurugram, Indore, Ranchi, Lucknow and Patna. The company’s three-day long initial share sale was open for public subscription on Thursday, November 3, 2022.
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