Global Health Limited IPO Details

Global Health Limited IPO (Global Health IPO)

Global Health Limited - Company Overview

Global Health Limited is one of the largest private multi-speciality tertiary care providers in India's North and East. Cardiology and cardiac science, neurosciences, oncology, digestive and hepatobiliary sciences, orthopaedics, liver transplant, and kidney and urology are among the company's key specialities.

Global Health Limited currently operates four hospitals under the "Medanta" brand (Gurugram, Indore, Ranchi, and Lucknow). The Medanta Institutional Tissue Repository was established in 2017 to promote biomarker and other tissue-based research.

Business Overview

As of June 30, 2022, the company provides healthcare services in over 30 medical specialities and employs over 1,300 doctors led by experienced department heads. The operational hospitals span an area of 4.7 million sq. ft. and have 2,467 installed beds.

Global Health Limited's Gurugram hospital was ranked as the best private hospital in India for three consecutive years in 2020, 2021, and 2022, and was the only Indian private hospital to be featured in Newsweek's list of top 200 global hospitals in 2021 and top 250 global hospitals in 2022.

Global Health Limited - IPO Synopsis

Global Health Limited, which operates and manages hospitals under the Medanta brand, has filed preliminary papers with SEBI to raise funds through an initial public offering (IPO). The IPO consists of a new issue of equity shares worth ₹500 crores and an offer for sale (OFS) of up to 4.84 crore equity shares.

Anant Investments, an affiliate of private equity firm Carlyle Group, will sell up to 4.33 crore equity shares as part of the OFS, and Global Health co-founder Sunil Sachdeva (together with Suman Sachdeva) will sell up to 51 lakh equity shares.

The book-running lead managers for the IPO are Kotak Mahindra Capital Company, Credit Suisse Securities (India), Jefferies India, and JM Financial.

Global Health Limited - Objectives of the IPO

The company intends to use the net proceeds of the Fresh Issue to fund the following projects:

1. Repayment/prepayment of borrowings, in full or part, of the Subsidiaries, GHPPL and MHPL.

2. General corporate objectives

Global Health Limited - Financial Summary (in crores)

Global Health Limited IPO - Pros

1. India's leading tertiary and quaternary care provider is well known for clinical expertise, particularly in dealing with complex cases.

2. Concentration on Clinical Research and Academics

3. 'Doctor-led' hospitals are led by highly skilled and experienced doctors who are among the best in the healthcare field.

4. Large-scale hospitals with world-class infrastructure and cutting-edge medical technology and equipment

5. Proven track record of excellent operational and financial performance

6. Concentrate on underserved areas with dense populations, as well as the presence in major or capital cities of large states (NCR, Lucknow and Patna)

7. Opportunities for expansion in existing facilities and diversification into new services, such as digital health.

Global Health Limited IPO - Cons

1. Strict controls to slow the spread of Covid-19, including restrictions on international and domestic travel.

2. Due to the reliance on doctors, nurses, and other healthcare professionals, failure to retain or attract staff may be detrimental to the business.

3. Failure to pass on high costs to patients, such as manpower costs, infrastructure maintenance and repair costs, and high medical equipment costs.

4. Developing or to-be-developed facilities may face construction delays before reaching full operational capacity.

5. We do not own or lease the land parcels on which the hospital buildings and clinics are located on a perpetual basis.

6. Healthcare regulatory reforms and the associated uncertainty.

How to Apply for Global Health Limited IPO

1. Go to https://ipo.adityatrading.in/

2. Enter your client ID

3. Enter the OTP received in your registered mobile number.

4. Choose the IPO and click on apply button.

5. Enter the UPI ID, Quantity, and Cut off price.

6. Click on submit button

7. Confirm the mandate the mandate request received on your phone by entering the UPI Pin.

8. You can also watch our youtube video on “How to Apply on IPO”