Healthcare Global Enterprises Limited –Issue subscribed

March 21st, 2016 Comments Off on Healthcare Global Enterprises Limited –Issue subscribed

Healthcare Global Enterprises Limited (HCG) which had tapped the markets with its primary and secondary offering was on Friday oversubscribed. The issue received subscription of 1.56 times overall with poor response in the HNI category. The HNI poor response is partly on account of the financial year end. The fresh issue was for 116 lakh shares while the secondary offering was for 182 lakh sahes. The price band was Rs 205-218.

Details of subscription are given below:-

Bucket Size Shares Applied for Times oversubscribed
QIB 8940000 21115900 2.36
HNI 4470000 1929785 0.43
Retail 2980000 2463565 0.83
Total 16390000 25509250 1.56
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