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Global Health IPO
06 Aug 2023
Opening Date  03, November 2022
Closing Date 07, November 2022
Refund Initiation 14, November 2022
Listing Date 16, November 2022
Face Value ₹2 per equity share
IPO Price Band ₹319 to ₹336 per equity share
Minimum Order Quantity 44 Shares
Issue Size ₹2,205.57 Cr

 

The month of October 2022, saw a couple of IPOs getting listed in the secondary market. These were Electronics Mart India Ltd and Tracxn Technologies Ltd. Whereas Electronics Mart India Ltd proved to be a once in a lifetime opportunity, generating 43% listing gains, Tracxn Technologies also performed superbly, listing at 17% returns. The retail subscription for these IPOs saw an overwhelming response, describing that retail investors are eager to to invest. After Electronics Mart India Ltd, which received a whopping 20.77 times subscription from retail investors, all eyes are now aimed at Global Health, which is going live with its IPO on 03rd November. Let’s learn in detail all its financials and if this Upcoming IPO 2023 is worth investing in or not!

About the Company -

Incorporated in the year 2009, Global Health Limited is one of the largest private multi-speciality tertiary care providers operating in the North and East regions of India in terms of bed capacity and operating revenues with key specialties of cardiology and cardiac science, neurosciences, oncology, digestive and hepatobiliary sciences, orthopedics, liver transplant, and kidney and urology.

Under the brand - “Medanta”, the company has a network of 5 hospitals currently operating in Gurugram, Indore, Ranchi, Lucknow and Patna and 1 hospital in Noida, which is under construction. As of June 30, 2022, the company provides healthcare services in over 30 medical specialties and engages over 1,300 doctors.

The financials of the company for the last three years are detailed as below - 

 

Particulars As of and for the Financial Year ended March 31
2021 2020 2019
 Equity share capital 495.86 493.45 491.33
 Networth 13,823.42 13,495.37 12,954.95
Assets (Current & Non-Current) 26,941.05 26,662.87 24,300.05
Revenue from Operations 14,467.43 15,004.22 14,558.02
Profit/ (Loss) after Tax  288.05 363.27 513.03
EBITDA 2,228.52 2,304.54 2,178.98
Return on Net Worth 2.08% 2.69% 3.96%
Earnings per share (₹/share, diluted) 1.14 1.44 2.04

all numbers stated are in million.

Global Health details -

Let’s now move onto the main part of this article. Here, we’re going to be looking at some of the most important details of this upcoming IPO viz - Global Health date and its share price.

Global Health date -

According to the Red Herring Prospectus filed by the company, the public issue of the equity shares is going live from November 03 and will be available for subscription until November 07, 2022.

Global Health issue size -

The total issue size of the latest Global Health is declared to be ₹2,205.57 crores. This is a mix of a fresh issue, and an offer for sale. The company is offloading 48,440,000 equity shares in OFS and is raising ₹500 crores via fresh issue.

50% of the offer is for QIBs (Qualified Institutional Buyers), 35% for retail investors, and the balance 15% for NIBs (Non-institutional Investors).

Global Health share price

The price band of the company’s upcoming IPO is declared to range between ₹319 to ₹336 per equity share

Global Health listing

Since the IPO of Global Health is from the mainboard, it would be listed on both - the National Stock Exchange (NSE) as well as the Bombay Stock Exchange (BSE)

Global Health objectives

The net proceeds of the Issue, i.e. gross proceeds of the Issue (“from Fresh Issue”) are proposed to be utilized in the following manner:

  • Repayment/prepayment of borrowings, in full or part, of the Subsidiaries, GHPPL and MHPL.
  • General Corporate Purposes

Global Health 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.

Global Health risks

  • High reliance on third-party suppliers and sub-contractors
  • High reliance on contract issued by third-party payers and insurers (that could be terminated)
  • Operating in  a  highly  regulated  industry,  which  requires  compliance  with  applicable  safety,  health, environmental and other governmental regulations.

Conclusion

If you wish to become a part of this exciting IPO opportunity, you will need to have an online demat and trading account, which will help you get shares of your favorite companies. To get an online DEMAT account for Free*, all you have to do is sign-up with Motilal Oswal and get started.

If you are an existing customer with Motilal Oswal, you can now invest in the IPOs in just one click through UPI payment!

It’s all easy. It’s all good.

 

Related articles: 5 Tips for Investing In IPOs | What's the big deal about IPOs | Clearing the confusion from IPOs | IPO in India- The future looks bright | Upcoming IPO

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