Global Health Limited, which operates hospitals under the Medanta brand, on Wednesday said it has mobilised ₹662 crore from anchor investors ahead of its initial public offering (IPO) that opens for public subscription on Thursday. The company has set a price band of ₹319-336 a share for the the initial share sale which will conclude on Monday, November 7, 2022.
Global Health IPO consists of a fresh issue of equity shares aggregating to ₹500 crore, and an offer for sale (OFS) of up to 5.08 crore equity shares. At the upper end of the price band, the company is expected to fetch ₹2,206 crore through the IPO. Proceeds from the fresh issue will be used to pay debt and general corporate purposes. Founded by Dr Naresh Trehan, a renowned cardiovascular and cardiothoracic surgeon, Global Health is a leading private multi-speciality tertiary care providers in the north and east regions of India.
Global Health, backed by private equity investors such as Carlyle Group and Temasek, operates a network of five hospitals under the ‘Medanta’ brand in Gurugram, Indore, Ranchi, Lucknow and Patna.
