Medanta Hospitals operator Global Health to announce allotment today, here’s how you can check allotment status

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• Global Health that operates under the brand ‘Medanta’ is likely to announce its share allotment status today.
• The IPO has witnessed good demand from investors amidst volatile market conditions.
• The IPO will be listed on November 16 on exchanges.

Hospital chain company Global Health that operates under the brand ‘Medanta’, is likely to announce the allotment status of its initial public offering (IPO) today, November 11.

Overall, the IPO has received good demand from investors amidst volatile market conditions as it was subscribed 9.58 times.

The qualified institutional buyer portion was subscribed 28.64 times. The reserved portion of non-institutional investors witnessed a subscription of 4.02 times. Retail portion saw poor demand as it had a subscription of just 0.88 times.

Moreover, the grey market premium (GMP) of the company’s shares were at ₹20.

The total issue size of the IPO is ₹2,205 crore which includes fresh issue of ₹500 crore; and an offer for sale of up to ₹1,705 crore via sale of 5.08 crore equity shares by the company’s shareholders and promoters.

Here is how to check Global Health (Medanta) IPO allotment status on stock exchange website:

• Go to the BSE website or NSE website here.
• On BSE, Select ‘Equity’ and then from the dropdown, select ‘Global Health (Medanta)’.
• Now, enter your application number and PAN.
• Click on ‘Search’.
• Please note the details will only be available once the shares are allotted.

You can also visit the registrar website (Link Intime India) to check your application status.

• Visit the registrar’s website here.
• Click on ‘Select company’ and click on ‘Global Health (Medanta)’.
• Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.
• Enter the captcha code and click ’submit’.

Once you hit ‘submit’, the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you.