Global Health are one of the largest private multi-speciality tertiary care providers operating in the North and East regions of India, with key specialties of cardiology and cardiac science, neurosciences, oncology, digestive and hepatobiliary sciences, orthopaedics, liver transplant, and kidney and urology. It operated Under the “Medanta” brand.
Global Health have a network of four hospitals currently in operation (Gurugram, Indore, Ranchi and Lucknow), a hospital which is under construction with an operational outpatient facility (Patna), and one hospital (Noida) planned for development. As at March 31, 2021, The company provide healthcare services in over 30 medical specialties and engage over 1100 doctors led by highly experienced department heads and, spanning an area of 3.7 million sq. ft., The company’s operational hospitals have 2176 installed beds.
Global Health hospital at Gurugram was ranked as the best private hospital in India for two consecutive years in 2020 and 2021, and was the only Indian private hospital to be featured in the list of top 200 global hospitals in 2021 by Newsweek. The Company’s hospital at Gurugram was also featured in the list of world’s best specialized hospitals for cardiology in 2021 by Newsweek.
Global Health IPO – Details
| IPO Opening Date | 03 November 2022 |
| IPO Closing Date | 07 November 2022 |
| Issue Type | Book Built Issue IPO |
| Issue Size | ₹2205.57 Crore |
| Fresh Issue | ₹500 Crore |
| Face Value | ₹2 per equity share |
| IPO Price | ₹319 – ₹336 |
| Market Lot | 44 Shares |
| Min Order | 44 Shares (1 Lot) |
| Listing At | BSE NSE |
| Register | KFin Technologies Private Limited |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
Global Health IPO – Date Schedule
| IPO Open Date | 03 November 2022 |
| IPO Close Date | 07 November 2022 |
| Basis of Allotment Date | 11 November 2022 |
| Initiation of Refunds | 14 November 2022 |
| Credit of Shares to Demat Account | 15 November 2022 |
| IPO Listing Date | 16 November 2022 |
Global Health IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 44 | 14,784 |
| Maximum | 13 | 572 | 1,92,192 |
Competitive 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;
- ‘Doctor-led’ hospitals driven by skilled and experienced doctors who are among the best in the healthcare space;
- Large-scale hospitals with world-class infrastructure and 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; and
- Experienced senior management team with strong institutional shareholder support.
Company Promoters
- Dr. Naresh Trehan
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2020 | 1544.26 | 1480.37 | 36.32 |
| 31 March 2021 | 1478.15 | 1445.69 | 28.80 |
| 30 June 2021 | 491.57 | 433.38 | 41.75 |
| 31 March 2022 | 2205.81 | 1925.25 | 196.20 |
| 30 June 2022 | 626.54 | 539.51 | 58.71 |
Object Of The Issue
- Repayment/prepayment of borrowings, in full or part, of our Subsidiaries, GHPPL and MHPL; and
- General corporate purposes
Global Health IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 5 | Apollo Hospitals Enterprise Limited | 58.53 |
| 2 | 10 | Fortis Healthcare Limited | 37.31 |
| 3 | 10 | Max Healthcare Institute Limited | 68.55 |
| 4 | 10 | Narayana Hrudayalaya Limited | 43.33 |
Global Health IPO Strengths
- Leading tertiary and quaternary care provider in India, well recognised for clinical expertise in particular in dealing with complicated cases.
- Large-scale hospitals with world-class infrastructure and high-end medical equipment and technology.
- Track record of strong operational and financial performance.
- Growth opportunities in existing facilities and diversification into new services, including digital health.
Global Health IPO Risks
- Stringent restrictions to slow down the spread of Covid-19, including limitations on international and local travel.
- Highly dependent on doctors, nurses and other healthcare professionals thus, failure to retain or attract staff may hurt business.
- Failure to pass on high costs such as manpower cost, infrastructure maintenance and repair cost, high medical equipment cost to the patients.
- Developing or to be developed facilities may experience delays in construction, in reaching full operational capacity.
- Certain land parcels on which the hospital buildings and clinics operate are neither owned by us nor leased to us on a perpetual basis.
- Regulatory reforms in the healthcare industry and associated uncertainty.
Global Health IPO Promoter Holding
| Pre Issue Share Holding | 35% |
| Post Issue Share Holding | 33% |
Global Health IPO Prospectus
Company Contact Information
| Global Health Limited Medanta – Mediclinic, E-18, Defence Colony, New Delhi, Delhi 110 024, India Phone: +91 124 483 4060 Email – compliance@medanta.org Website – www.medanta.org |
Global Health IPO Registrar
| KFin Technologies Private Limited Selenium, Tower-B Plot 31 and 32, Financial District Nanakramguda, Serilingampally Hyderabad, Rangareddi 500 032 Telangana, India Tel: +91 40 6716 2222 E-mail: globalhealth.ipo@kfintech.com Website: www.kfintech.com |
Global Health IPO Lead Manager(s)
| 1. Kotak Mahindra Capital Company Limited 2. Credit Suisse Securities (India) Private Limited 3. Jefferies India Private Limited 4. JM Financial Limited |
Global Health IPO FAQs
| What is Global Health IPO? Global Health IPO is a main-board IPO. The issue is priced at ₹319 to ₹336 per equity share. The IPO is to be listed on BSE NSE. |
| When Global Health IPO will open? The IPO is to open on 03 November 2022 for QIB, NII and Retail Investors. |
| What is Global Health IPO Investors Portion? The investors’ portion for QIB-50%, NII-15%, and Retail 35%. |
| How to Global Health IPO? You can apply Global Health IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Global Health IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Global Health”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Global Health IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Global Health”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Global Health IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Global Health”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Global Health IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Global Health”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Global Health IPO Size? Global Health IPO size is ₹2205.57 crores. |
| What is Global Health IPO Price Band? Global Health IPO Price Band is ₹319 to ₹336. |
| What is Global Health IPO Minimum and Maximum Lot Size? The minimum bid is 44 Shares with ₹14,784 amount while the maximum bid is 572 shares with ₹1,92,192. |
| What is the Global Health IPO Allotment Date? Global Health IPO allotment date is 11 November 2022. |
| What is the Global Health IPO Listing Date? Global Health IPO listing date is 16 November 2022. The IPO is to list on BSE NSE. |
