Narayana Health Ipo

Narayana Hrudayalaya Ltd, which operates a chain of hospitals, surged more than 38 per cent in its stock market debut on Wednesday, as investors bet on growing demand for private healthcare services in Asia's third-largest economy.

Narayana Hrudayalaya's Rs 613 crore initial public offer (IPO), which was open between December 17 to December 21, was oversubscribed 8.7 times. The issue got overwhelming response from institutional investors. The section reserved for qualified institutional bidders (QIB) was subscribed 24.3 times.

Narayana Hrudayalaya, which operates multispecialty hospital chain in the name of "Narayana Health", is offering 2.45 crore shares between Rs 245-Rs 250 through an initial public offer (IPO). Investors can buy minimum of 60 shares between December 17 to December 21.

Narayana Hrudayalaya Ltd, which operates a chain of hospitals, surged more than 38 per cent in its stock market debut on Wednesday, as investors bet on growing demand for private healthcare services in Asia's third-largest economy.

Narayana Hrudayalaya's Rs 613 crore initial public offer (IPO), which was open between December 17 to December 21, was oversubscribed 8.7 times. The issue got overwhelming response from institutional investors. The section reserved for qualified institutional bidders (QIB) was subscribed 24.3 times.

Narayana Hrudayalaya, which operates multispecialty hospital chain in the name of "Narayana Health", is offering 2.45 crore shares between Rs 245-Rs 250 through an initial public offer (IPO). Investors can buy minimum of 60 shares between December 17 to December 21.