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Medanta Hospitals operator Global Health to announce allotment today

Hospital chain company Global Health that operates under the brand ‘Medanta’, is likely to announce the allotment status of its initial public offering (IPO) today, November 11.

Overall, the IPO has received good demand from investors amidst volatile market conditions as it was subscribed 9.58 times.

The qualified institutional buyer portion was subscribed 28.64 times. The reserved portion of non-institutional investors witnessed a subscription of 4.02 times. Retail portion saw poor demand as it had a subscription of just 0.88 times.

Moreover, the grey market premium (GMP) of the company’s shares were at ₹20.

The total issue size of the IPO is ₹2,205 crore which includes fresh issue of ₹500 crore; and an offer for sale of up to ₹1,705 crore via sale of 5.08 crore equity shares by the company’s shareholders and promoters. Business Insider

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