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HealthCare Global IPO sails through, subscribed 1.56 times

IPO, Global Healthcare Services, SEBI

Mumbai: The Rs 650-crore IPO of cancer- care network operator HealthCare Global Enterprises was oversubscribed 1.56 times on the last day of the offer yesterday.

The issue received bids for 2,55,09,250 shares against the total issue size of 1,63,90,000 shares, as per NSE's data till 1830 hours.

HCG is the fourth company after Precision Camshafts, TeamLease Services and Quick Heal Technologies to come out with an IPO this year.

It has already raised Rs 292 crore by issuing shares to 11 anchor investors. The company has fixed the price band at Rs 205-218 for the IPO. At the upper end of the price band, the issue will fetch about Rs 650 crore.

The shares are proposed to be listed on BSE and the National Stock Exchange (NSE).

Kotak Mahindra Capital Company, Edelweiss Financial Services, Goldman Sachs (India) Securities, IDFC Securities, IIFL Holdings and Yes Bank are the book running lead managers to the issue.

The Bengaluru-based firm operates one of the largest cancer-care networks in the country under the brand name HCG.
Currently, HCG has 14 comprehensive cancer centres.

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