Global Health (Medanta) IPO Attracts Major Anchor Investors, Raises Rs 662 crores

Global Health has attracted a major set of anchor investors, including the likes of Government of Singapore, Nomura, Axis Mutual Fund (MF), HDFC MF, Aditya Birla Sun Life MF, SBI MF, ICICI Prudential MF, Kotak MF, Max Life Insurance Company and SBI Life Insurance Company.

The public issue 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. 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.