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Global Health IPO opens tomorrow; Check price band, slot size, more
Global Health Limited, which works under the ‘Medanta’ brand in India has announced to open its Initial Public Offering (IPO) tomorrow November 3, 2022, for a fresh issue of Rs 500 crore. The company has announced to offer of a price band between Rs 319 to Rs 336 per equity share with a face value of Rs 2 each. However, investors need to bid a maximum of 44 equity shares and in multiples of 44 equity shares thereafter. On speaking about the visions with the fresh IPO issuance, Dr. Naresh Trehan, the Chairman & Managing Director, said IPO will give two things – an exit route to old investors as they wanted their return now and giving us the money to stretch our hands in tier 2 and tier 3 cities. It will also help us to strengthen the bank balance sheet of our company. The Bid for the IPO subscription will be closed on Monday, November 7, 2022. Source: Zeenews #GlobalHealthLimited
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