HCG raises Rs 292 cr from anchor investors

Ahead of its IPO, cancer-care network operator HealthCare Global Enterprises (HCG) has raised Rs 292 crore through issue of shares to 11 anchor investors, including International Finance Corporation.
HealthCare Global Enterprises has allotted 1,34,10,000 equity shares at Rs 218 per share aggregating to Rs 292.34 crore to 11 anchor investors, the company said in a statement today.
The anchor investors include foreign investors, International Finance Corporation, Sabre Partners Trust, Citigroup Global Markets Mauritius Private Limited and Chennai 2007 C/O Harvard Management, among others.
HCG will hit the capital markets tomorrow to raise Rs 650 crore through an initial public offering.

This will be the fourth company to hit the Dalal Street in 2016.
HCG's IPO comprises of fresh issue of up to 1.16 crore equity shares and an offer for sale of up to 1.82 crore shares by its existing shareholders.

It has fixed the price band at Rs 205-218 for its IPO. At the upper end of the price-band, the issue will fetch about Rs 650 crore.
The shares are proposed to be listed on BSE and National Stock Exchange (NSE).
Kotak Mahindra Capital Company, Edelweiss Financial Services, Goldman Sachs (India) Securities, IDFC Securities, IIFL Holdings and Yes Bank are the book running lead managers to the issue.

The Bengaluru-based firm operates one of the largest cancer care networks in the country under the brand name HCG. Currently, HCG has 14 comprehensive cancer centres.