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Shalby Hospitals IPO gets tepid response on Day 1

BL Internet Desk Chennai | Updated on January 09, 2018 Published on December 05, 2017

The Ahmedabad-based multi-speciality hospital chain has raised Rs 150.54 crore by allotting 60.7 lakh equity shares at ₹248 a share to anchor investors.   -  Africa Studio/shutterstock.com

The initial public offer of Shalby Hospitals was subscribed 0.09 times on Day 1 of the bidding process.

According to NSE data, the issue received bids for 13,79,340 against the total issue size of 1,45,21,686.

Non institutional investors received bids for 1,980 shares against 30,70,626 allotted for them, while retail individual investors got bids for 3,74,520 shares against 71,64,793 allocated under this category.

The Ahmedabad-based multi-speciality hospital chain had on Monday raised Rs 150.54 crore by allotting 60.7 lakh equity shares at ₹248 a share to anchor investors. Anchor investors include Goldman Sachs, Citigroup Global Markets, Axis Mutual Fund, IIFL India, Reliance Nippon Life Insurance, Kotak Funds and Nomura Singapore.

The IPO, fixed at a price band of ₹245-248 a share, opened to the public on Tuesday and will close on Thursday. The issue comprises offer-for-sale of 10 lakh shares (worth about ₹25 crore) by promoter Dr Vikram Shah and fresh issue of ₹480 crore.

The equity shares are proposed to be listed on the BSE and the NSE.

Published on December 05, 2017
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