Overview
- The issue drew bids for 6.90 crore shares against 1.32 crore on offer, with retail subscribed about 19x, NIIs 5.73x and QIBs 1.06x.
- Allotment is slated for Dec. 26, with shares and refunds expected on Dec. 29 and listing planned on both NSE and BSE on Dec. 30.
- The latest reported GMP was Rs 0 early Dec. 26, while another check cited trades up to a Rs 2 discount, pointing to a muted listing outlook.
- The Rs 250.8–251 crore offering was an all-fresh issue of 2.2 crore shares priced in the Rs 108–114 band.
- Proceeds are earmarked for acquisitions, part payment for a recent hospital purchase, increasing a subsidiary stake, capex and debt reduction; Nirbhay Capital is lead manager and MUFG Intime India is registrar.