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Yeh IPO kya kahta hai? GLOBAL HEALTH LIMITED

All that you should know about the Company before applying for the IPO.

November 01, 2022     

The public issue of equity shares of GLOBAL HEALTH LIMITED will open for subscription on November 03, 2022 and closes on November 07, 2022. It is expected to list on the stock exchanges on November 16, 2022. What does the company do? Why is the company going public? Who are its key competitors? Its key strengths, and lot more. Here’s everything that you want to know about the company to analyse the IPO.

Company Profile

Global Health Ltd. is one of the largest private multi-specialty tertiary care providers in terms of bed capacity and operating revenues, with operations in the northern and eastern regions of India. Dr. Naresh Trehan, a world-renowned cardiovascular and cardiothoracic surgeon, founded the company. The company possesses key specialties in cardiology, cardiac science, neuroscience, oncology, digestive and hepatobiliary sciences, orthopedics, liver transplants, and kidney and urology. Their hospital at Gurugram was ranked as the best private hospital in India for three consecutive years in 2020, 2021, and 2022 by Newsweek.

The company provides healthcare services in over 30 different specialties and engages more than 1,300 doctors who are led by experienced department heads on a 4.7 million sq. ft. campus of operational hospitals with 2,467 installed beds.

The company has a presence in various major cities like Gurugram, Indore, Ranchi, Lucknow, Patna, etc. The company also operates six multi-specialty clinics at DLF Cybercity Gurugram, Delhi Airport, south Delhi, Darbhanga, Patna, and Subhash Chowk Gurugram.

Who are the Promoters of the Company?

Dr. Naresh Trehan

Positives about the Company

  • Tertiary and quaternary care provider in India, recognized for clinical expertise in particular in dealing with complicated cases
  • Focus on clinical research and academics
  • ‘Doctor-led’ hospitals driven by skilled and experienced doctors in the healthcare space
  • Large-scale hospitals with sophisticated infrastructure, medical equipment and technology
  • Track record of 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 institutional shareholder support

Who are its listed peers?

  • Apollo Hospitals Enterprise Limited
  • Fortis Healthcare Limited
  • Max Healthcare Institute Limited
  • Narayana Hrudayalaya Limited

Why is the Company going public?

Given below are the objectives of the Company –

The Offer comprises a Fresh Issue by the company and an Offer for Sale by the selling shareholders. The company will not receive any proceeds from the Offer for Sale.

The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding of the following objects:

  • Investment in two of its subsidiaries, GHPPL and MHPL, in the form of debt or equity for repayment/prepayment of borrowings, in full or part, of such Subsidiaries
  • General corporate purposes

IPO Details

IPO Size ₹ 2,205.57 Crore*
Offer Mix Fresh issue ₹ 500 Crore + Offer For Sell ₹ 1,705.57 Crore*
Price Band ₹ 319 - ₹ 336
Lot Size 44 Shares (& in multiples thereof)
Face Value ₹ 2
Application Amount Min. ₹ 14,784 (1 lot) | Max. ₹ 1,92,192 (13 lots) [at upper price band]
Listing on NSE & BSE
Registrar KFin Technologies Limited
Cut-off time for UPI Mandate Confirmation 07-November-2022 (up to 05:00 PM)
* at upper price band

Category Wise Availability*

QIB ₹ 1,102.78 Crore
(50% of the Issue Size)
NIB ₹ 330.84 Crore
(15% of the Issue Size)
Retail ₹ 771.95 Crore
(35% of the Issue Size)
* at upper price band

Indicative Issue Timeline

Activity Date
IPO Opens November 03, 2022
IPO Closes November 07, 2022
Finalization of the basis of allotment November 11, 2022
Unblocking of funds / Initiation of refunds November 14, 2022
Credit of equity shares to Demat accounts November 15, 2022
Listing of equity shares November 16, 2022
Source: Company RHP  Alternate Text

 

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