International Well being (Medanta) IPO GMP Subscription Standing Right this moment: The preliminary public providing (IPO) of International Well being, which operates hospitals beneath the Medanta model, was subscribed 9.58 occasions on the ultimate day, in response to the info accessible on the BSE.
The Rs 2,206 crore supply acquired bids for over 44.79 crore (44,79,85,032) shares towards the difficulty dimension of over 4.67 crore (4,67,42,397) shares, the info confirmed.
The shares that are to be allotted for the certified institutional patrons (QIBs) was subscribed 28.64 occasions, whereas the portion for non institutional buyers was subscribed 4.02 occasions and that of retail particular person buyers (RIIs) was subscribed round 88 per cent or 0.88 occasions, the info confirmed.
The Medanta IPO contains of a recent problem of fairness shares aggregating to Rs 500 crore and a suggestion on the market (OFS) of as much as 50,761,000 fairness shares. Anant Investments (an affiliate of Carlyle Group) and Sunil Sachdeva (collectively with Suman Sachdeva) will probably be offloading shares by means of the OFS.
The online proceeds from the difficulty will probably be utilised for reimbursement/prepayment of borrowings of its subsidiaries – GHPPL and MHPL and for basic company functions.
The three-day IPO opened for subscription on Thursday, November 3, 2022, and concluded at 5 pm at the moment. It has a worth band of Rs 319-336 per share.
A day earlier than the IPO, International Well being raised almost Rs 662 crore (Rs 6,61,67,08,224) from 52 anchor buyers.
Based in August 2004 by famend cardiovascular and cardiothoracic surgeon Dr Naresh Trehan, International Well being is the most important non-public multi-speciality tertiary care suppliers within the North and East areas of India by way of mattress capability.
International Well being is backed by non-public fairness funding corporations similar to Carlyle Group and Temasek. The corporate operates a community of 5 hospitals beneath ‘Medanta’ model identify in Gurugram, Indore, Ranchi, Lucknow and Patna. Moreover, one hospital is beneath development in Noida.
Going forward, buyers will now sit up for the share allotment date of the difficulty. The finalisation of the premise of allotment for International Well being is predicted on Friday, November 11, 2022, as per the knowledge offered within the crimson herring prospectus (RHP).