Global Health Limited

How to check the Global Health IPO allotment status?

When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around four to six days after an IPO closes. This is also true in the case of the Global Health IPO. 

The Global Health IPO’s closing date is 7 November 2022. The Global Health IPO’s allotment date has been set seven days later, on 11 November 2022.

Here’s a step-by-step guide on how to check the Global Health IPO allotment status:

1. Login to your Upstox account, using your six-digit PIN
2. After successfully logging in, click on ‘Discover’
3. On the Discover page, you will find the ‘Invest in IPO’ section
4. Under the Invest in IPO section, you will find the ‘View all’ option
5. Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
6. In the ‘IPO’ tab, click on ‘My applications’ 
7. In ‘My applications’, under the History section, your allotment status will be mentioned

About Global Health IPO

In 2004, Dr Naresh Trehan, who is a well-known surgeon in India and a recipient of the Padma Bhushan and Padma Shri, founded Global Health.  The aim behind this venture was to create a medical institution which could provide high quality and affordable healthcare and also dabble into teaching and research. 

Since then, this hospital chain – operating under the brand name Medanta – has grown multifold. Today, it is one of the largest private multi-speciality tertiary care providers, operating in the North and East regions of India. It has a network of five hospitals in Gurugram, Indore, Ranchi, Lucknow and Patna. Global Health is also setting up a hospital in Noida. 

It has installed 2,467 beds and engages over 1,300 doctors. Medanta provides healthcare services for over 30 specialties including cardiology and cardiac science, neurosciences, oncology, digestive and hepatobiliary sciences, orthopaedics, liver transplant, and kidney and urology.  

Now, this hospital chain is all set to hit the exchanges through the IPO route. It is launching the Global Health IPO, which will be a combination of an offer for sale and fresh issue. The money raised through the fresh issue of Global Health ltd IPO will be used for reducing debt. 

Here are the key details about the Global Health IPO: 

Financial snapshot 

Here’s a quick look at  Global Health IPO’s strengths, weakness, opportunities and risks (SWOT analysis)

Strengths and opportunities 

1. After completion of its Noida hospital, the number of total installed beds are expected to exceed 3,500 by FY25
2. Graduated 325 students across 36 specialties and 184 students are undergoing training at its hospitals
3. Has over 3,700 nurses and over 1,000 paramedical personnel
4. Average occupancy levels increased from 54.8% in FY20 to 60.5% in FY22
5. Average revenue per occupied bed rose from ₹50,166 in FY20 to ₹54,547 in FY22
6. Present in major markets which are under-served in terms of healthcare services – National Capital Region (NCR), Lucknow and Patna
7. Experienced senior management team with institutional shareholder support
8. Its investors include the Carlyle Group and Temasek

Risks and threats 

1. Its subsidiaries – MHPL and GHPPL – have incurred losses in the past and may incur losses in the future
2. Skilled doctors are in high demand in India, making it difficult to hire and retain senior doctors
3. Operates in an industry with high expenses such as manpower, infrastructure and medical equipment maintenance and repair costs
4. Its developing or under-construction facilities may experience delays in construction
5. Has outstanding borrowings of ₹842.2 crore on a consolidated basis
6. Faces competition from large players such as Apollo Hospital Enterprises, Fortis Healthcare and Max Healthcare Group

Global Health IPO Details

|  Global Health IPO date

The offer document filed by the company with the SEBI mentions that the Global Health IPO’s opening date – in other words, the Global Health IPO launch date – will be on 3 November 2022. The Global Health IPO closing date is 7 November 2022. After this, investors will be updated about the allotment status on 11 November 2022. 

Investors, who have been allotted shares, can expect them to be credited in their demat account on 15 November 2022. The Global Health IPO listing date is 16 November 2022. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. 

| Global Health IPO price band

The entire IPO is a book-built issue. The Global Health IPO price band has been set between ₹319 and ₹336 per share. Interested investors can choose a price within this band to apply for the IPO. 

The Global Health IPO listing price will be determined on 16 November 2022. The listing price is the price at which the shares of a company make their debut on the stock exchanges.

| Global Health IPO lot size 

The Global Health IPO details have been declared. The Global Health IPO lot size is set at 44 shares, and an investor can apply for a minimum of 1 lot. Individual investors applying under the retail category can apply for up to 13 lots (572 shares). Meanwhile, the Global Health IPO issue size is ₹2,206 crore.

How to pre-apply for the Global Health IPO?

You can pre-apply for the Global Health IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription. 

Follow these steps to pre-apply for the IPO: 

1. Login to your Upstox account, using your six-digit PIN
2. After successfully logging in, click on ‘Discover’
3. On the Discover tab, you will find the ‘Invest in IPO’ section
4. Under the Invest in IPO section, look for the ‘Global Health IPO’ tab and click on it
5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
6. Confirm and click on ‘Pre-Apply’
7. Accept the mandate on your UPI app

How to apply for the Global Health IPO?

If you are interested in this investment opportunity but unsure how to apply for the Global Health IPO, here we are listing out the steps for you. 

Here’s a step-by-step guide on how to apply for the Global Health IPO on Upstox: 

1. Login to your Upstox account, using your six-digit PIN
2. After successfully logging in, click on ‘Discover’
3. On the Discover tab, you will find the ‘Invest in IPO’ section
4. Under the Invest in IPO section, look for the ‘Global Health IPO’ tab and click on it
5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
6. Confirm and click on ‘Apply’
7. Accept the mandate on your UPI app

Open a demat account with Upstox to apply for the Global Health IPO

To apply for the Global Health IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.

Here is a step-by-step guide on how to open a demat account with Upstox:

1. Click here to visit the demat account opening page on the Upstox website. 
2. Enter your phone number and other essential details to begin opening a demat account.
3. Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed. 
4. Complete the e-verification using the OTP sent to your registered mobile number. 

This is all it takes to open a demat account with Upstox. Easy and quick, right? 

Upstox – trading app to apply for the Global Health IPO

Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. 

You can apply for the Global Health IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. 

In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.