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.
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:
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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
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General corporate purposes
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