Global Health, the Medanta brand, IPO subscribed 9.58 times

The three-day initial public offering (IPO) of Global Health, which operates hospitals under the Medanta brand, was subscribed 9.58 times by the last day of the offer that was open from November 3, 2022 till November 7. The IPO received bids for 44.79 crore shares against 4.67 crore shares on offer.

The category meant for Qualified Institutional Buyers (QIBs) got subscribed 28.64 times, while the portion for non-institutional investors was subscribed 4.02 times and that of Retail Individual Investors (RIIs) got subscribed 88 per cent. The IPO comprises fresh issuance of shares worth up to Rs 500 crore and an offer-for-sale of up to 5,07,61,000 equity shares.

Global Health IPO will list on both the leading exchanges BSE and NSE and listing date is likely to be November 16.
MB Bureau