The preliminary sale of shares in World Well being Ltd, which operates and manages hospitals beneath the Medanta model, will open for public subscription on November 3.
The preliminary public providing (IPO) will shut on Nov. 7, in response to the Purple Herring Prospectus (RHP).
The IPO consists of a brand new issuance of fairness shares totaling ₹500 crore and a sale provide of as much as 5.08 crore of fairness shares.
Underneath the SFO, Anant Investments, a subsidiary of personal fairness agency Carlyle Group and Sunil Sachdeva (along with Suman Sachdeva), will offload the shares.
Presently, Anant Investments holds a 25.67% stake in World Well being and Sachdeva holds a 13.43% stake within the firm.
Proceeds from the brand new challenge might be used to pay debt and normal company functions.
Profile
Based by Naresh Trehan, a famend Cardiovascular and Cardiothoracic Surgeon, World Well being is among the main personal multi-specialty tertiary care suppliers within the northern and japanese areas of India.
World Well being, backed by personal buyers resembling Carlyle Group and Temasek, operates a community of 5 hospitals beneath the “Medanta” model in Gurugram, Indore, Ranchi, Lucknow and Patna. Moreover, a hospital is beneath building in Noida.
Whereas working its Noida hospital in FY 2025, the entire variety of beds put in by the corporate is predicted to exceed 3,500. As a part of its progress methods, the corporate additionally intends to leverage the medical tourism.
The corporate reported complete income of ₹2,205.8 crore and revenue of ₹196.2 crore in FY22.
Kotal Mahindra Capital Firm, Credit score Suisse Securities (India), Jefferies India and JM Monetary lead the IPO.
Posted on October 26, 2022
