The IPO consists of a fresh issue of up to 11.6 million equity shares by
the Company and an Offer for Sale of up to 18.2 million equity shares by existing
shareholders as mentioned in the Red Herring Prospectus dated March 4, 2016
(“RHP”).
The
Offer is being made through the Book Building Process wherein at least 75% of
the Offer will be allotted on a proportionate basis to Qualified Institutional
Buyers (“QIBs”). The Company in consultation with the Investor Selling
Shareholders and BRLMs, may allocate up to 60% of the QIB Portion to Anchor
Investors at the Anchor Investor Offer Price on a discretionary basis, out of which
one-third shall be reserved for domestic Mutual Funds only. Additionally, 5% of
the QIB Portion (excluding the Anchor Investor Portion) will be available for
allocation on a proportionate basis to Mutual Funds only, and the remainder of
the QIB Portion will be available for allocation on a proportionate basis to
all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject
to valid Bids being received at or above the Offer Price
Further,
not more than 15% of the Offer will be available for allocation on a
proportionate basis to Non-Institutional Bidders and not more than 10% of the
Offer will be available for allocation to Retail Individual Bidders in
accordance with the SEBI ICDR Regulations, subject to valid Bids being received
at or above the Offer Price. All potential investors (except Anchor Investors)
shall participate in this Offer only through the Application Supported by
Blocked Amount (“ASBA”) process.
The Company
proposes to utilize the net proceeds of the fresh issue towards; (i) Purchase
of medical equipment, (ii) Investment in IT software, services and hardware,
(iii) Pre-payment of debt and (iv) General corporate purposes.
Kotak
Mahindra Capital Company Limited, Edelweiss Financial Services Limited, Goldman
Sachs (India) Securities Private Limited, IDFC Securities Limited, IIFL
Holdings Limited and Yes Bank Limited are the Book Running Lead Managers while Karvy
Computershare Private Limited is the Registrar to Offer.
The offer would constitute up to 35.03% of the Company’s post-offer paid-up
equity share capital.
The equity shares are proposed to be listed on the BSE and the NSE.
No comments:
Post a Comment