HomeTech newsThe IPO of Global Health, the company that runs the Medanta Hospitals...

The IPO of Global Health, the company that runs the Medanta Hospitals chain, opened from today! Know its details

Global Health IPO: Global Health, a big company running the chain of Medanta Hospitals, a big brand of hospital across the country, is bringing its IPO from today. This IPO will open on Thursday 3rd November 2022 and you can invest in it till 7th November 2022. Through this IPO, the company is issuing shares worth Rs 500 crore. Along with this, shares will be sold through offer for sale of Rs 1706 crore. The company will allot the shares on November 11. At the same time, its final listing will be done on 16 November 2022.

The company’s strong position is visible in the gray market-
Let us tell you that Global Health, the company running Medanta Hospital, has a very good position in the gray market. At present, the company’s gray market premium (Global Health IPO GMP) is Rs 33. Experts say that do not invest only on the basis of GMP. He should make an investment plan only after looking at the financial performance of the company.

Know the rest of the IPO details-
You can invest in this IPO from 3rd to 7th November 2022. The company has fixed the base price of the IPO at Rs 319-336 per share. Along with this, it has been told that the lot size of the shares of the company should be 44 shares. In such a situation, if you are a retail investment, then you will have to invest at least Rs 14,784. At the same time, the face value of the share is Rs 2 per share. The company has reserved 10% of the IPO for retail investors, 15% for non-institutional investors and 75% for qualified institutional buyers. The company will repay its old debt with the money raised through this IPO. Along with this, the remaining money will be spent for the development of its infrastructure.

Know company details-
Global Health Company has opened Medanta Hospitals in many cities across the country in which world class facilities are available for different diseases. The hospital is present under the Medanta brand in Gurugram, Indore, Ranchi, Lucknow, and Patna. Famous cardio surgeon Dr. Naresh Trehan started the hospital chain under the brand name Mendata in 2004. Global health company is invested by world’s leading private equity investors which also includes Carlyle and Temasek Holdings.

Both hold 25.67 and 17 per cent stake through the holding company. Naresh Trehan holds 35 per cent stake. Medanta co-founder Sunil Sachdeva holds 13.43 per cent and RJ Corp holds 3.95 per cent. In the year 2021-22, the company’s revenue was Rs 2206 crore, while there was a profit of Rs 196 crore.

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