HealthCare Global Rs 650 cr IPO oversubscribed

The IPO of cancer-care network operator HealthCare Global Enterprises was oversubscribed 1.24 times till afternoon on the last day of the offer today.
The Rs 650-crore issue received bids for 2,03,79,385 shares as against the total issue size of 1,63,90,000, data available with NSE till 1430 hrs showed.
HCG is the fourth company after Precision Camshafts, TeamLease Services and Quick Heal Technologies to hit Dalal Street with an IPO this year.
It has already raised Rs 292 crore by issuing shares to 11 anchor investors.
The company had fixed the price band at Rs 205-218 for the IPO, which would conclude today. At the upper end of the price-band, the issue will fetch about Rs 650 crore.

The shares are proposed to be listed on BSE and the National Stock Exchange (NSE).
Kotak Mahindra Capital Company, Edelweiss Financial Services, Goldman Sachs (India) Securities, IDFC Securities, IIFL Holdings and Yes Bank are the book running lead managers to the issue.
The Bengaluru-based firm operates one of the largest cancer-care network in the country under the brand name HCG. Currently, HCG has 14 comprehensive cancer centres.