Healthcare Global IPO Hits 1.6 Times Subscription

Health care Global IPO issue with the value of Rs. 650 crore achieved bids for 25.3 million shares, against the issue size of 16.39 million shares followed by the subscription of the qualified institutional buyers portion i.e. 2.4 times and retail investors segment which stood at 0.8 times and the non institutional investors segment i.e. 0.4 times.

Overall subscription of HGC is recorded at 1.6 times. The final day of the issue was as on 18th March 2016.

HCG entered as the fourth health care Initial public offering after Alkem laboratories, Dr. Lal Pathlabs and Narayana Hrudayalaya in the market since December 2015. They got the subscription in the range of 6.3 to 30.8 times. The retail portion in all these IPOs were subscribed by more than one times.

HCG has six important lead managers as Kotak Mahindra, Edelweiss Financial Services IDFC Securities, Goldman Sachs, IIFL Holdings and Yes Bank to its issue.

The IPO of HGC performed good with an IPO in 2016 at Dalal street similarly to Precision Camshafts, TeamLease Services and Quick Heal Technologies.

Like this Article? Subscribe to Our Feed!

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Out Best Brokerage Deals