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Narayana Hrudayalaya IPO Oversubscribed 8.41 Times

By Religare

Healthcare services firm Narayana Hrudayalaya's initial public offer (IPO) has been oversubscribed 8.41 times till late afternoon trade on the last day of bidding.

The Rs. 613—crore IPO received bids for 14,44,27,680 shares against the total issue size of 1,71,66,309 shares, data available with the NSE showed.

Narayana Hrudayalaya IPO Oversubscribed 8.41 Times

Narayana Hrudayalaya has raised Rs. 184 crore from 15 anchor investors, including the Singapore government, at the upper price band.

The company has set a price band of Rs. 245-250 for the sale.

Post—IPO, promoters will have 65 per cent stake in the company.

The IPO includes an offer of sale of up to 2.45 crore equity shares from promoters and other existing shareholders, representing 14.04 per cent stake in the company.

The book running lead managers to the offer are Axis Capital, IDFC Securities and Jefferies India.

Read more about: ipo narayana hrudayalaya
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