Magnificent listing of Medanta IPO, made 19% profit as soon as it was listed


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Medanta IPO: Shares of Global Health, a company running a chain of hospitals under the name of Medanta brand, got listed in the market on Wednesday. The company’s shares listed at a premium of over 19 per cent to the issue price of Rs 336. With the listing, an increase has also been seen in it. It rose by 21.72 per cent to Rs 409. Medanta shares are listed at Rs 401 with a gain of 19.34 per cent on the NSE.

Made a profit of 19 percent as soon as Medanta IPO was listed

Market valuation is more than 10 thousand crores

The company commands a market valuation of Rs 10,770.30 crore on BSE. Global Health’s Initial Public Offering (IPO) was oversubscribed 9.58 times on the last day of subscription i.e. last Monday. The price range of the offer was Rs 319-336 per share. Vedanta was founded by Naresh Trehan, a renowned cardiothoracic surgeon. Global Health is a well-known private multi-specialty hospital chain in the North and East regions of India.

Hospital is in many places

Global Health is backed by private equity investors such as the Carlyle Group and Temasek. Five hospitals operate under the ‘Medanta’ brand in Gurugram, Indore, Ranchi, Lucknow and Patna. Medanta’s hospital is also being built in Noida. The company will use the money raised from the IPO to build new hospitals and expand its business.

Made a profit of 19 percent as soon as Medanta IPO was listed

Price band was between 319 to 336

The Global Health IPO consisted of a fresh issue of up to Rs 500 crore and an offer for sale of 5,07,61,000 equity shares. Global Health had fixed the price band of the IPO at Rs 319-336 per share. The company had told that it has raised a fund of Rs 662 crore from anchor investors. According to the company, the funds raised from the IPO will be used to pay off the company’s debt and meet other general corporate objectives. After in-depth research, several brokerage firms including Geojit and Ashika Research have given ‘Buy’ ratings to Global Health’s IPO. Global Health is a well-known private multi-specialty hospital chain in the North and East regions of India.

Hinduja Group will be divided, know who will get whatHinduja Group will be divided, know who will get what

english summary

Magnificent listing of Medanta IPO made 19 percent profit as soon as it was listed

Shares of Global Health, a company that runs a chain of hospitals under the name of Medanta brand, got listed in the market on Wednesday.

Story first published: Wednesday, November 16, 2022, 14:12 [IST]





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