 "HealthCare Global Enterprises makes weak debut at bourses")
Shares of cancer-care network operator, HealthCare Global Enterprises, have listed at Rs 210 - a discount of 4% against its initial public offer (IPO) of Rs 218 per share on the National Stock Exchange (NSE).
The stock made a weak debut at the bourses, falling nearly 20% to Rs 175 posts its listing on the NSE so far. It touched an intra-day high of Rs 212.
At 10:13 AM, it was trading at Rs 180, an 18% below its IPO price. On the BSE, the stock currently trading at Rs 181 after opened at Rs 210. It touched high of Rs 211 and low of Rs 175 so far. A combined 4.19 million shares changed hands on the counter on the NSE and BSE.
The company had raised Rs 650 crore through IPO earlier this month. The IPO of HealthCare Global which was open from March 16-18 was oversubscribed 1.56 times. The company had fixed the price band at Rs 205-218 for the IPO.
The Bengaluru-based firm operates one of the largest cancer-care networks in the country under the brand name HCG. HCG has 14 comprehensive cancer centres.
The stock made a weak debut at the bourses, falling nearly 20% to Rs 175 posts its listing on the NSE so far. It touched an intra-day high of Rs 212.
At 10:13 AM, it was trading at Rs 180, an 18% below its IPO price. On the BSE, the stock currently trading at Rs 181 after opened at Rs 210. It touched high of Rs 211 and low of Rs 175 so far. A combined 4.19 million shares changed hands on the counter on the NSE and BSE.
The company had raised Rs 650 crore through IPO earlier this month. The IPO of HealthCare Global which was open from March 16-18 was oversubscribed 1.56 times. The company had fixed the price band at Rs 205-218 for the IPO.
The Bengaluru-based firm operates one of the largest cancer-care networks in the country under the brand name HCG. HCG has 14 comprehensive cancer centres.