Monday, 21 December 2015

Narayana Hrudayalaya IPO receives tepid response so far

The issue has received bids for 51,12,900 shares as against total issue size of 1,71,66,309 shares, according to NSE data.


Narayana Hrudayalaya's, initial public offering (IPO) received tepid response from the markets so far.

The issue has received bids for 51,12,900 shares as against total issue size of 1,71,66,309 shares, according to NSE data.

The quota for retail institutional investors (RII) and non-institutional investors was subscribed 0.32 times, and 0.02 times, respectively. 

The company is planning to raise Rs 600 - 613 crore from the equity market at a price band of Rs 245 - 250 per equity share. 

The company has raised Rs 184 crore from 15 anchor investors, including the Government of Singapore, Morgan Stanley, Mirae, Nomura, Reliance, Birla Sun Life, DSP Blackrock, UTI, ICICI Prudential, and SBI MF at the upper limit of the price band.

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