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Global Health Limited IPO Detail

Global Health Limited IPO Detail

Global Health Limited is one of the largest private multi-speciality tertiary care providers operating in the North and East regions of India. The company has key specialities in cardiology and cardiac science, neurosciences, oncology, digestive and hepatobiliary sciences, orthopaedics, liver transplant, and kidney and urology.

Global Health Limited have a network of four hospitals currently in operation (Gurugram, Indore, Ranchi and Lucknow) under the "Medanta" brand. The company established "The Medanta Institutional Tissue Repository" in 2017 to promote biomarker and other tissue-based research.

In Fiscals 2020, 2021 and 2022 and the three months ended June 30, 2021 and 2022, the company generated income from healthcare services of Rs. 14,805.71 million, Rs. 14,178.41 million, Rs. 21,003.95 million, Rs. 4,732.10 million and Rs. 5,960.89 226 million, respectively, and had EBITDA of Rs. 2,304.54 million, Rs. 2,228.52 million, Rs. 4,897.57 million, Rs. 1,057.69 million and Rs. 1,416.46 million, respectively.

As of June 30, 2022, the company provide healthcare services in over 30 medical specialities and engage over 1,300 doctors led by experienced department heads, spanning an area of 4.7 million sq. ft., the operational hospitals have 2,467 installed beds.

Global Health Limited's hospital at Gurugram was ranked as the best private hospital in India for three consecutive years in 2020, 2021 and 2022, and was the only Indian private hospital to be featured in the list of top 200 global hospitals in 2021 and was featured in the list of top 250 global hospitals in 2022 by Newsweek

Competitive Strengths:

  • Leading tertiary and quaternary care provider in India, well recognised for clinical expertise in particular in dealing with complicated cases.
  • Focus on Clinical Research and Academics.
  • Large-scale hospitals with world-class infrastructure, high-end medical equipment, and technology.
  • Track record of strong operational and financial performance.
  • Focus on under-served areas with dense population and presence in top or capital cities of large states (NCR, Lucknow and Patna).
  • Growth opportunities in existing facilities and diversification into new services, including digital health.
  • Experienced senior management team with strong institutional shareholder support.

Company Promoters

Dr. Naresh Trehan is the company promoter.

IPO Details

IPO Opening DateNov 03, 2022
IPO Closing DateNov 07, 2022
Issue TypeBook Built Issue IPO
Face Value₹2 per equity share
IPO Price ₹319 - 336 per equity share
Market Lot44 Shares
Min Order Quantity44 Shares
Listing AtBSE, NSE
Issue Size₹2,205.57 Cr
Fresh Issue[.] shares of ₹2 (aggregating up to ₹500.00 Cr)
Offer for Sale50,761,000 shares of ₹2 (aggregating up to ₹1,705.57 Cr)
Retail Portion 35%

IPO Subscription (Bidding Detail)

AS On QIB SHNI BHNI NII RII TOTAL
Day 1 0.54x - - 0.18x 0.13x 0.25x
Day 2 0.56x - - 0.96x 0.25x 0.49x
Day 3 28.64x - - 4.02x 0.89x 9.58x

IPO Tentative Timetable

The Global Health Limited IPO open date is Nov 03, 2022, and the close date is Nov 07, 2022. The issue may list on Nov 16, 2022.

IPO Open DateNov 03, 2022
IPO Close DateNov 07, 2022
Basis of Allotment DateNov 11, 2022
Initiation of RefundsNov 14, 2022
Credit of Shares to Demat AccountNov 15, 2022
IPO Listing DateNov 16, 2022

IPO Lot Size

The Global Health Limited IPO market lot size is 44 shares. A retail-individual investor can apply for up to 13 lots (572 shares or ₹192192).

ApplicationLotsSharesAmount (Cut-off)
Minimum144₹14784
Maximum13572₹192192

IPO Promoter Holding

Pre Issue Share Holding35%
Post Issue Share Holding35%

Company Financials:

For the year/period ended (₹ in Crore)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-21 2694.1 1478.16 28.8
31-Mar-22 3145.52 2205.82 196.2
30-Jun-22 3221.94 626.54 58.71

Objects of the Issue:

The company proposes to utilize the net proceeds of the Fresh Issue towards funding of the following objects:

1. Repayment/prepayment of borrowings, in full or part, of the Subsidiaries, GHPPL and MHPL.

2. General corporate purposes.

Global Health Limited IPO Registrar:

KFin Technologies Limited

Global Health Limited IPO Lead Manager(s):

Kotak Mahindra Capital Company Limited (Past IPO Performance) Credit Suisse Securities (India) Private Limited (Past IPO Performance) Jefferies India Private Limited (Past IPO Performance) JM Financial Consultants Private Limited (Past IPO Performance)

Company Contact Information:

Global Health Limited

Medanta – Mediclinic, E-18, Defence Colony,

New Delhi

Delhi