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Shares of Narayana Hrudayalaya today got listed at Rs 291 on the bourses with a premium of over 16 per cent over its issue price of Rs 250.
Shares of the company witnessed significant investor demand and jumped as much as 30 per cent to touch an early high of Rs 329 on BSE, while on the NSE the stock surged 31.9 per cent to Rs 329.75.
Narayana Hrudayalaya had raised Rs 613 crore through its IPO last month. The offer, which opened for subscription from December 17-21, was subscribed 8.67 times at a price band of Rs 245-250 a share.
Institutional investors category was subscribed 17.22 times. In contrast, the portion set aside for retail investors witnessed 65 per cent subscription, while non-institutional investors category was subscribed 45 per cent.
In 2000, Devi Shetty had set up Narayana Hrudayalaya, which operates a chain of 23 multi-specialty, primary and tertiary healthcare facilities along with eight heart centres and 24 primary care facilities across 31 cities with 5,442 operational beds and a potential to reach a capacity of up to 6,602 beds.
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