Price band fixed at Rs 205-218 per share
Healthcare Global Enterprises will launch its initial public offering (IPO) on 16 March 2016 to raise about Rs 650 crore. The issue will close on 18 March 2016. The Bengaluru-based firm has priced the offer in the band of Rs 205-218 per share. The total issue size will range from Rs 610.90 crore to Rs 649.60 crore. The offer would constitute 35.03% of the post-offer paid-up equity share capital.
The public offer of up to 2.98 crore equity shares, will comprise a fresh issue of up to 1.16 crore equity shares and an offer for sale of up to 1.82 crore equity shares by the selling shareholders.
The firm will use the primary funds raised through the issue to buy medical equipment, invest in IT software, services and hardware, pre-payment of debt and general corporate purposes.
HealthCare Global Enterprises, the specialist in cancer care has its headquarters in Bangalore, India and is known to be the only dedicated cancer care network with quality care across 20 centers.
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