Medanta IPO

Should you Subscribe or not??

Medanta operator Global Health IPO GMP today, November 03, 2022:

The Rs 2,206 crore Global Health IPO will be available for subscription till Monday, November 7, 2022

The net proceeds from the fresh issue will be used for repayment/prepayment of borrowings of its subsidiaries – GHPPL and MHPL

Purpose of IPO

ISSUE SIZE DIVISION

Half of the issue size has been reserved for qualified institutional buyers (QIBs),15 per cent for non-institutional investors and the remaining 35 per cent for retail investors.

COMPANY PRESENCE

The company operates a network of five hospitals under ‘Medanta’ brand name in Gurugram, Indore, Ranchi, Lucknow and Patna.

FY22 earnings

The company is valued at 46x P/E, 21.9x EV/EBITDA and 4.5x EV/Sales.

Despite the challenging macroeconomic environment.

Despite the challenging macroeconomic environment, the company has leveraged its large-scale hospitals with world-class infrastructure, high-end medical equipment.