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Global Health IPO (Medanta) - Listing Date, GMP & Subscription

Global Health Ltd IPO listing date: Nov 16, 2022 on NSE, BSE. Listed at ₹401 (+19.3%) vs issue price of ₹336. Subscribed 9.55x overall (QIB: 19.46x). Price band: ₹319-₹336, lot size 44 shares.

sHQ

stoicHQ Research Team · Ex-quants, IIT Delhi · Updated Nov 15, 2022

Key Dates

IPO Open DateNov 3, 2022

IPO Close DateNov 7, 2022

Allotment DateNov 10, 2022

Refund DateNov 14, 2022

Demat Credit DateNov 15, 2022

Listing DateNov 16, 2022

Issue Details

Price Band₹319-₹336

Issue Price₹336

Face Value₹2

Lot Size44 shares

Min Investment₹14,784

Issue Size₹2,206 crore

Listing ExchangeNSE, BSE

RegistrarKFin Technologies

IPO TypeMainboard

stoicHQ Analysis

✓Medanta brand - top-tier super-specialty

✓Dr. Naresh Trehan founder credibility

✓Multi-city presence with expansion pipeline

⚠Premium valuation vs listed hospital peers

⚠Capital-intensive expansion model

About Global Health Ltd

Global Health operates the Medanta hospital chain, one of India's most respected super-specialty hospital brands, with facilities in Gurugram, Lucknow, Patna, Ranchi, and Indore.

Subscription Breakdown

Overall Subscription9.55x

QIB (Institutional)19.46x

NII (HNI)11.00x

Retail4.40x

Listing Price

₹401

Listing Gain

+19.3%

Issue Price

₹336

stoicHQ Analysis

Strong 19.3% listing gain in a recovering market. The Medanta brand commanded a quality premium, and Dr. Naresh Trehan's track record attracted institutional confidence. QIB at 19x was moderate but anchor quality was high.

Healthcare / Hospitals2022All 2022 IPOs

IPO Listing Timeline

Previous IPO← Harsha Engineers IPO (listed Sep 26, 2022)Next IPOMankind Pharma IPO (listed May 9, 2023) →

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Global Health IPO (Medanta) GMP - Historical Grey Market Premium

GMP is an unofficial market price. For educational purposes only.

DateGMP (₹)KostakImplied Gain

Nov 15, 2022+₹65-+19.3%

Nov 7, 2022+₹52₹580+15.5%

Nov 3, 2022+₹38₹440+11.3%

Oct 31, 2022+₹28₹320+8.3%

Oct 27, 2022+₹18₹200+5.4%

Global Health IPO (Medanta) Subscription Status - Day Wise

DayOverallQIBNII (HNI)Retail

Day 1 (Nov 3)1.84x0.62x1.42x2.64x

Day 2 (Nov 4)4.22x4.82x4.18x3.84x

Day 3 (Nov 7)9.55x19.46x11.00x4.40x

Anchor Investors

Government Pension Fund Global₹110 crore

SBI Mutual Fund₹95 crore

HDFC Mutual Fund₹80 crore

Mirae Asset Mutual Fund₹70 crore

Global Health Ltd - Financials at IPO

YearRevenuePATNet Margin

FY20₹1,856 crore₹218 crore11.7%

FY21₹1,742 crore₹152 crore8.7%

FY22₹2,244 crore₹358 crore16.0%

Listed Peers - Healthcare / Hospitals

Apollo HospitalsHospital Chain

Fortis HealthcareHospital Chain

Frequently Asked Questions

When did Global Health (Medanta) IPO list?

Global Health (Medanta) IPO listed on November 16, 2022 on NSE and BSE at ₹401, a 19.3% gain over the issue price of ₹336.

What was Global Health IPO GMP?

The grey market premium (GMP) for Global Health IPO peaked at ₹65, correctly forecasting the 19.3% listing gain.

What was Global Health IPO subscription?

Global Health IPO was subscribed 9.55x overall. QIB was 19.46x, NII was 11.00x, and retail was 4.40x.

What is Medanta hospital?

Medanta is one of India's most respected super-specialty hospital brands, founded by cardiac surgeon Dr. Naresh Trehan. It has facilities in Gurugram, Lucknow, Patna, Ranchi, and Indore.

What is the Global Health IPO allotment date?

The allotment date for Global Health (Medanta) IPO was November 10, 2022. Listing was on November 16, 2022.