Hannah Joseph Hospital IPO Day 3: issue booked 79%, GMP check

The Hannah Joseph Hospital IPO, launched by the Madurai-based multi-specialty healthcare provider, entered its final day of bidding on Tuesday, January 27. The public issue opened for subscription on Thursday, January 22, and today marks the last opportunity for investors to apply.

The IPO is a ₹42 crore book-built issue, consisting entirely of a fresh issue of 0.60 crore equity shares. The price band for the offer has been fixed at ₹67 to ₹70 per share.

Investors can bid for the IPO in a lot size of 2,000 shares. As retail investors are required to apply for a minimum of two lots, the minimum investment amount works out to ₹2,80,000 at the upper end of the price band.

Hannah Joseph Hospital IPO Subscription Status

As of 11:40 am on the final day of bidding, the IPO was subscribed 79 per cent overall. The Non-Institutional Investor (NII) segment witnessed the strongest demand, with subscriptions reaching 1.42 times. The Qualified Institutional Buyer (QIB) portion was subscribed 63 per cent, while the retail segment recorded a subscription of 0.62 per cent.

In total, the issue has received bids for 31,66,000 shares, compared with 39,94,000 shares available for subscription.

Hannah Joseph Hospital IPO GMP

Grey market indicators suggest muted investor sentiment. According to data from investorgain.com, the grey market premium (GMP) for the Hannah Joseph Hospital IPO remains nil. This indicates that the company’s unlisted shares are trading at par with the issue price of ₹70 per share.