Overview
- The offer drew bids for 33,88,29,652 shares against 4,18,18,182 on offer, according to exchange data.
- Qualified institutional buyers subscribed 11.48 times, non-institutional investors 15.15 times, and retail investors 3.16 times.
- The Rs 920 crore issue comprises a Rs 770 crore fresh issue and a Rs 150 crore offer for sale within a price band of Rs 154–162.
- Share allotment is expected on Dec. 15, demat credits and refunds on Dec. 16, and listing on BSE and NSE on Dec. 17.
- Proceeds are earmarked for debt repayment, hospital expansion and equipment, potential acquisitions, and general corporate purposes.