Healthcare Global Enterprises IPO
Healthcare Global Enterprises IPO — date, price band, lot size & details 2016
Healthcare Global Enterprises listed on 30 Mar 2016 at ₹210.2, 3.6% below the ₹218 issue price.
Healthcare Global Enterprises (HCG) is a Bangalore based speciality healthcare provider focused on cancer care, with fertility centres under the Milann brand. Its total income was Rs 424.44 crore in FY2015.
Stock price
Healthcare Global Enterprises is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 16 Mar 2016
- Close 18 Mar 2016
- Allotment 23 Mar 2016
- Refund/credit TBA
- Listing 30 Mar 2016
Issue summary
The terms of the offer, as filed.
| IPO Dates | 16 to 18 Mar, 2016 |
|---|---|
| Price Band | ₹205 – ₹218 |
| Face Value | ₹10 |
| Lot Size | 65 Shares |
| Issue Size | ₹649.64 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,170 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 65 shares at the ₹218 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 65 | ₹14,170 |
| Retail (max) | 14 | 910 | ₹1,98,380 |
| S-HNI (min) | 15 | 975 | ₹2,12,550 |
| S-HNI (max) | 70 | 4,550 | ₹9,91,900 |
| B-HNI (min) | 71 | 4,615 | ₹10,06,070 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01It ran the largest private cancer care network in India, with 14 comprehensive cancer centres.
- 02Total income rose from Rs 293.95 crore in FY2013 to Rs 424.44 crore in FY2015.
- 03EBITDA rose from Rs 42.22 crore in FY2014 to Rs 81.06 crore in FY2015.
- 04Rs 147.05 crore of the issue was for prepaying debt.
Risks · 5
- 01It made losses in every year shown, including Rs 39.50 crore in FY2014 and Rs 6.15 crore in eight months to November 2015.
- 02Total borrowing was Rs 302.75 crore on 30 November 2015, above its net worth.
- 03Cancer centres need costly equipment, with Rs 42.21 crore more planned from the issue.
- 04Rs 396.76 crore of the Rs 649.64 crore issue went to selling shareholders.
- 05The promoters held only 28.75% before the issue and 24.61% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Healthcare Global Enterprises offer document.
| Metric | 30 Nov 2015 | 31 Mar 2015 | 31 Mar 2014 | 31 Mar 2013 |
|---|---|---|---|---|
| Assets | 749.65 | 689.54 | 613.82 | 643.64 |
| Total Income | 305.87 | 424.44 | 352.59 | 293.95 |
| Profit After Tax | -6.15 | -2.37 | -39.50 | -7.16 |
| EBITDA | 58.14 | 81.06 | 42.22 | 48.61 |
| NET Worth | 284.29 | 271.66 | 260.74 | 284.37 |
| Reserves and Surplus | 210.81 | 200.83 | 191.92 | 216.90 |
| Total Borrowing | 302.75 | 276.68 | 238.86 | 241.73 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
₹239.22 Cr of the issue is earmarked to named objects.
About the company
It runs the largest cancer care network in India by number of licensed private cancer treatment centres.
As of 31 December 2015 its network had 14 comprehensive cancer centres, and it runs fertility centres under the Milann brand.
The IPO was Rs 649.64 crore, with Rs 252.88 crore of fresh issue and Rs 396.76 crore of offer for sale, at Rs 218, the top of the Rs 205 to Rs 218 band. The fresh money was for medical equipment, IT and prepaying debt.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Healthcare Global Enterprises IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Kotak Mahindra Capital Company Limited
204 issues handledBest listing: Premier Energies (+120.0%). Weakest: Puravankara Projects (-22.5%).
IIFL Capital Services Limited
145 issues handledBest listing: Unicommerce eSolutions (+117.6%). Weakest: ICICI Securities (-16.3%).
Dam Capital Advisors Ltd
69 issues handledBest listing: Go Colors (+89.9%). Weakest: Metro Brands (-12.6%).
Goldman Sachs (India) Securities Private Limited
19 issues handledBest listing: Bajaj Housing Finance (+114.3%). Weakest: Paytm (-9.3%).
Edelweiss Financial Services Ltd
73 issues handledBest listing: Route Mobile (+104.9%). Weakest: ICICI Securities (-16.3%).
YES Bank Ltd
14 issues handledBest listing: CDSL (+67.8%). Weakest: New India Assurance (-6.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Healthcare Global Enterprises?
The current Grey Market Premium is ₹0.
What is the Healthcare Global Enterprises IPO price band?
₹205 to ₹218, on a face value of ₹10.
When is the allotment?
The basis of allotment is 23 March 2016, with listing on 30 March 2016.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
