Narayana Hrudayalaya BSE/NSE IPO

Overview:

• Narayana Hrudayalaya has undertaken an IPO on the Bombay (BSE) and National (NSE) stock exchanges.
• The offer raised $92.7 million.
• The company is an Indian healthcare chain and the offer follows those of Dr Lal PathLabs and pharmaceutical firm Alkem Laboratories.
• Axis Capital, IDFC Securities and Jefferies India acted as underwriters.
• Before the IPO opened, the company raised Re1.84 billion from 15 anchor investors , including the Government of Singapore, Morgan Stanley, Mirae, Nomura, Reliance, Birla Sun Life, DSP Blackrock, UTI, ICICI Prudential and SBI MF.