Global Health IPO (Medanta): All Details To Know Including, Pricing, Opening/Closing Dates

The Global Health IPO that opened for public subscription on November 3, 2022 will conclude on Monday, November 7, 2022.

Here are some of the details of Global Health IPO:

IPO date: Nov 3-Nov 7, 2022
Face value: Rs 2 per share
Price - Rs 319 to Rs 336
Lot size: 44 shares
Issue size - Rs 2205.57 crores
Retail shares offered: Not less than 35% of the offer

The Global Health IPO includes a fresh issue of up to Rs 500 crore and an offer for sale of up to 5,07,61,000 equity shares. The price band of the IPO is fixed at Rs 319-336 a share. The company said it has mobilised Rs 662 crore from anchor investors. At the upper end of the price band, the company is expected to garner Rs 2,206 crore through the IPO. Proceeds from the fresh issue are ear marked for payment of debt and general corporate purposes. Several brokerages have a "buy" call on the stock, including the likes of Geojit and Ashika Research.

"Upon operation of our Noida hospital in Fiscal 2025, we expect the number of total installed beds to exceed 3,500 at the end of Fiscal 2025 (FY25), which will cater to domestic and international patients as part of our strategy to capitalize on medical tourism," the company informed in its RHP. It is important for IPO applicants to note that the cut-off time for UPI mandate acceptance is Monday, November 7, 2022, upto 5:00 pm, the last day of IPO bidding.