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Global Health IPO is a book built issue of Rs 2,205.57 crores. The issue comprises of fresh issue of Rs 500.00 crore and offer for sale of 5.08 crore shares.
Global Health IPO bidding started from November 3, 2022 and ended on November 7, 2022. The allotment for Global Health IPO was finalized on Friday, November 11, 2022. The shares got listed on BSE, NSE on November 16, 2022.
Global Health IPO price band is set at ₹319 to ₹336 per share. The minimum lot size for an application is 44 Shares. The minimum amount of investment required by retail investors is ₹14,784. The minimum lot size investment for sNII is 14 lots (616 shares), amounting to ₹206,976, and for bNII, it is 68 lots (2,992 shares), amounting to ₹1,005,312.
Kotak Mahindra Capital Company Limited, Credit Suisse Securities (India) Private Limited, Jefferies India Private Limited and Jm Financial Limited are the book running lead managers of the Global Health IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Global Health IPO RHP for detailed information.
| IPO Date | November 3, 2022 to November 7, 2022 |
| Listing Date | November 16, 2022 |
| Face Value | ₹2 per share |
| Price Band | ₹319 to ₹336 per share |
| Lot Size | 44 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹2,205.57 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹500.00 Cr) |
| Offer for Sale | 50,761,000 shares of ₹2 (aggregating up to ₹1,705.57 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 253,303,930 |
| Share holding post issue | 268,184,882 |
Global Health IPO offers 46,742,397 shares. 13,524,905 (28.93%) to QIB, 9,965,248 (21.32%) to NII, 23,252,244 (49.75%) to RII. 528,460 RIIs will receive minimum 44 shares and 5,392 (sNII) and 10,784 (bNII) will receive minimum 616 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 13,524,905 (28.93%) | NA |
| NII (HNI) Shares Offered | 9,965,248 (21.32%) | |
| bNII > ₹10L | 6,643,498 (14.21%) | 10,784 |
| sNII < ₹10L | 3,321,750 (7.11%) | 5,392 |
| Retail Shares Offered | 23,252,244 (49.75%) | 528,460 |
| Total Shares Offered | 46,742,397 (100%) |
Global Health IPO opens on November 3, 2022, and closes on November 7, 2022.
| IPO Open Date | Thursday, November 3, 2022 |
| IPO Close Date | Monday, November 7, 2022 |
| Basis of Allotment | Friday, November 11, 2022 |
| Initiation of Refunds | Monday, November 14, 2022 |
| Credit of Shares to Demat | Tuesday, November 15, 2022 |
| Listing Date | Wednesday, November 16, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 7, 2022 |
Investors can bid for a minimum of 44 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 44 | ₹14,784 |
| Retail (Max) | 13 | 572 | ₹192,192 |
| S-HNI (Min) | 14 | 616 | ₹206,976 |
| S-HNI (Max) | 67 | 2,948 | ₹990,528 |
| B-HNI (Min) | 68 | 2,992 | ₹1,005,312 |
| Lot Size Calculator | |||
Dr. Naresh Trehan is the company promoter.
| Share Holding Pre Issue | 35% |
| Share Holding Post Issue | 33% |
Global Health Limited is one of the largest private multi-speciality tertiary care providers operating in the North and East regions of India. The company has key specialities in cardiology and cardiac science, neurosciences, oncology, digestive and hepatobiliary sciences, orthopaedics, liver transplant, and kidney and urology.
Global Health Limited have a network of four hospitals currently in operation (Gurugram, Indore, Ranchi and Lucknow) under the "Medanta" brand. The company established "The Medanta Institutional Tissue Repository" in 2017 to promote biomarker and other tissue-based research.
In Fiscals 2020, 2021 and 2022 and the three months ended June 30, 2021 and 2022, the company generated income from healthcare services of Rs. 14,805.71 million, Rs. 14,178.41 million, Rs. 21,003.95 million, Rs. 4,732.10 million and Rs. 5,960.89 226 million, respectively, and had EBITDA of Rs. 2,304.54 million, Rs. 2,228.52 million, Rs. 4,897.57 million, Rs. 1,057.69 million and Rs. 1,416.46 million, respectively.
As of June 30, 2022, the company provide healthcare services in over 30 medical specialities and engage over 1,300 doctors led by experienced department heads, spanning an area of 4.7 million sq. ft., the operational hospitals have 2,467 installed beds.
Global Health Limited's hospital at Gurugram was ranked as the best private hospital in India for three consecutive years in 2020, 2021 and 2022, and was the only Indian private hospital to be featured in the list of top 200 global hospitals in 2021 and was featured in the list of top 250 global hospitals in 2022 by Newsweek
Competitive Strengths:
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 2666.29 | 1544.27 | 36.33 | 1349.54 | 621.94 |
| 30-Jun-20 | 2855.11 | 491.58 | 41.76 | 1425.38 | 725.07 |
| 31-Mar-21 | 2694.1 | 1478.16 | 28.8 | 1382.34 | 644.6 |
| 31-Mar-22 | 3145.52 | 2205.82 | 196.2 | 1616.01 | 837.86 |
| 30-Jun-22 | 3221.94 | 626.54 | 58.71 | 1675.55 | 794.45 |
| Amount in ₹ Crore | |||||
The market capitalization of Global Health IPO is Rs 9011.01 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 38.36 |
The company proposes to utilize the net proceeds of the Fresh Issue towards funding of the following objects:
1. Repayment/prepayment of borrowings, in full or part, of the Subsidiaries, GHPPL and MHPL.
2. General corporate purposes.
[Dilip Davda] GHL is operating under the most popular healthcare brand “Medanta” and posted growth over the years in its scale of operations. The issue is attractively priced based on its financial data and well compares with listed peers. Investors may consider an investment with medium to long-term perspectives. Read detail review...
The Global Health IPO is subscribed 9.58 times on November 7, 2022 7:00:00 PM. The public issue subscribed 0.88 times in the retail category, 28.64 times in the QIB category, and 4.02 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 28.64 |
| NII | 4.02 |
| bNII (bids above ₹10L) | 5.16 |
| sNII (bids below ₹10L) | 1.73 |
| Retail | 0.88 |
| Total | 9.58 |
| Listing Date | November 16, 2022 |
| BSE Script Code | 543654 |
| NSE Symbol | MEDANTA |
| ISIN | INE474Q01031 |
| Final Issue Price | ₹336 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹336.00 |
| ₹398.15 |
| ₹391.05 |
| ₹424.90 |
| ₹415.65 |
| NSE |
|---|
| ₹336.00 |
| ₹401.00 |
| ₹390.55 |
| ₹424.65 |
| ₹415.30 |
Global Health Limited
Medanta – Mediclinic,
E-18, Defence Colony,
New Delhi, Delhi 110 024,
Phone: +91 124 483 4060
Email: compliance@medanta.org
Website: https://www.medanta.org/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: globalhealth.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Global Health IPO is a main-board IPO of [.] equity shares of the face value of ₹2 aggregating up to ₹2,205.57 Crores. The issue is priced at ₹319 to ₹336 per share. The minimum order quantity is 44 Shares.
The IPO opens on November 3, 2022, and closes on November 7, 2022.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Global Health IPO using UPI as a payment gateway. Zerodha customers can apply in Global Health IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Global Health IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Global Health IPO opens on November 3, 2022 and closes on November 7, 2022.
Global Health IPO lot size is 44 Shares, and the minimum amount required is ₹14,784.
You can apply in Global Health IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Global Health IPO will be done on Friday, November 11, 2022, and the allotted shares will be credited to your demat account by Tuesday, November 15, 2022. Check the Global Health IPO allotment status.
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