Global Health IPO
Global Health Limited (MEDANTA) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 16 November 2022.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +6.0% (likely range -3% to +9%), day's high +15.8%, chance of a gain 82%. Actual: +19.4% at the open, +26.4% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 1,35,24,905 | 38,73,58,840 | 28.6x | |
| NII (HNI) total | 99,65,248 | 4,00,55,620 | 4.02x | |
| Big NII (above ₹10 lakh) | 66,43,498 | 3,42,97,032 | 5.16x | |
| Small NII (₹2-10 lakh) | 33,21,750 | 57,58,588 | 1.73x | |
| Retail | 2,32,52,244 | 2,05,71,188 | 0.88x | |
| Total | 4,67,42,397 | 44,79,85,648 | 9.58x |
Bids on NSE and BSE together, as published by NSE, as of 07 Nov 2022, 07:00 PM. Shares offered exclude the anchor portion. 4% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Global Health's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Rainbow Childrens MedicareApr 2022 | 38.9x | 3.73x | 1.38x | 12.4x | ₹1,581 Cr | -5.9% | -4.5% |
| Aether IndustriesMay 2022 | 17.6x | 2.52x | 1.14x | 6.26x | ₹865 Cr | +9.7% | +20.6% |
| HDFC Standard Life Insurance CompanyNov 2017 | 16.6x | 2.29x | 0.94x | 4.90x | ₹8,695 Cr | +6.9% | +27.2% |
| Sheela FoamDec 2016 | 14.5x | 3.35x | 0.44x | 5.09x | ₹548 Cr | +17.8% | +41.4% |
| Sandhar TechnologiesMar 2018 | 14.5x | 6.39x | 1.42x | 6.19x | ₹515 Cr | +4.2% | +6.0% |
| Laurus LabsDec 2016 | 10.5x | 3.58x | 1.67x | 4.57x | ₹1,334 Cr | +14.5% | +16.4% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Credit Suisse Securities (India) Private Limited /Jefferies India Private Limited /JM Financial | 11 | +15.6% | 82% |
| Kotak Mahindra Capital | 83 | +20.8% | 76% |
Offer documents (NSE)
Frequently asked
What is the Global Health IPO price band and lot size? ₹319–336 per share, with a lot of 44 shares, so the smallest retail bid is ₹14,784.
How many times has it been subscribed? 9.58x overall: QIB 28.6x, NII 4.02x, retail 0.88x.
How did it list? It opened at ₹401, +19.4% against the issue price of ₹336, and closed its first day +23.6%.
