Narayana Hrudayalaya IPO
Narayana Hrudayalaya IPO — date, price band, lot size & details 2015
Narayana Hrudayalaya listed on 6 Jan 2016 at ₹291, 16.4% above the ₹250 issue price.
Narayana Hrudayalaya is a Bengaluru based private healthcare provider running multispeciality, tertiary and primary care facilities, including heart centres. Its total income was Rs 1,317.62 crore in FY2015.
Stock price
Narayana Hrudayalaya 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 15 November.
- Open 17 Dec 2015
- Close 21 Dec 2015
- Allotment 31 Dec 2015
- Refund/credit TBA
- Listing 06 Jan 2016
Issue summary
The terms of the offer, as filed.
| IPO Dates | 17 to 21 Dec, 2015 |
|---|---|
| Price Band | ₹245 – ₹250 |
| Face Value | ₹10 |
| Lot Size | 60 Shares |
| Issue Size | ₹613.08 Cr |
| Sale Type | OFS only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 15,000 |
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 60 shares at the ₹250 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 60 | ₹15,000 |
| Retail (max) | 13 | 780 | ₹1,95,000 |
| S-HNI (min) | 14 | 840 | ₹2,10,000 |
| S-HNI (max) | 66 | 3,960 | ₹9,90,000 |
| B-HNI (min) | 67 | 4,020 | ₹10,05,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 827.35 crore in FY2013 to Rs 1,317.62 crore in FY2015.
- 02Its network included 23 hospitals and 8 heart centres.
- 03Total borrowing fell from Rs 269.43 crore in FY2014 to Rs 102.63 crore on 30 September 2015.
- 04Net worth rose from Rs 533.49 crore in FY2013 to Rs 825.19 crore on 30 September 2015.
Risks · 5
- 01Profit after tax fell from Rs 36.03 crore in FY2014 to Rs 28.92 crore in FY2015, a thin margin on income of Rs 1,317.62 crore.
- 02Hospitals need heavy capital and take years to mature; total assets were Rs 1,337.52 crore.
- 03Its model of affordable care keeps prices, and margins, low; profit was Rs 33.89 crore in six months to September 2015.
- 04The whole Rs 613.08 crore issue was an offer for sale, so none of it went to the company.
- 05Promoters held 66.85% before the issue and 64.85% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Narayana Hrudayalaya offer document.
| Metric | 30 Sep 2015 | 31 Mar 2015 | 31 Mar 2014 | 31 Mar 2013 |
|---|---|---|---|---|
| Assets | 1,337.52 | 1,293.34 | 1,127.93 | 927.35 |
| Total Income | 724.61 | 1,317.62 | 1,091.32 | 827.35 |
| Profit After Tax | 33.89 | 28.92 | 36.03 | 18.45 |
| NET Worth | 825.19 | 791.30 | 569.68 | 533.49 |
| Reserves and Surplus | 625.19 | 591.30 | 569.35 | 533.17 |
| Total Borrowing | 102.63 | 253.68 | 269.43 | 202.51 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Narayana Hrudayalaya RHP.
Where the money goes
How the company intends to use the proceeds of the issue.
Information about the usage of proceeds from the Narayana Hrudayalaya IPO will be updated shortly.
Narayana Hrudayalaya IPO Anchor Investors
26 anchor investors across 13 fund houses committed ₹183.92 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
It runs a chain of multispeciality, tertiary and primary healthcare facilities.
Its network included 23 hospitals, 8 heart centres set up inside third party hospitals, and 25 primary healthcare facilities.
The IPO was Rs 613.08 crore and was entirely an offer for sale at Rs 250, the top of the Rs 245 to Rs 250 band, so the company received no money.
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.
Narayana Hrudayalaya 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.
Axis Capital
256 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Jefferies India Private Limited
41 issues handledBest listing: Nazara Technologies (+80.7%). Weakest: Turtlemint Fintech Solutions (-10.4%).
Dam Capital Advisors Ltd
70 issues handledBest listing: Go Colors (+89.9%). Weakest: Metro Brands (-12.6%).
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 Narayana Hrudayalaya?
The current Grey Market Premium is ₹0.
What is the Narayana Hrudayalaya IPO price band?
₹245 to ₹250, on a face value of ₹10.
When is the allotment?
The basis of allotment is 31 December 2015, with listing on 6 January 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.
