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Sangani Hospitals IPO Listing: Sangani Hospitals shares made a good debut on the NSE Emerge platform Thursday. Sangani Hospitals shares had been listed at ₹44 apiece, a premium of 10% to the difficulty worth of ₹40 per share.
Sangani Hospitals IPO Listing: Sangani Hospitals shares made a good debut on the NSE Emerge platform Thursday. Sangani Hospitals shares had been listed at ₹44 apiece, a premium of 10% to the difficulty worth of ₹40 per share.
The preliminary public providing (IPO) of Gujarat-based multi-specialty healthcare providers supplier Sangani Hospitals was subscribed 4.54 times in complete throughout August 4 to August 8, in response to subscription information on the inventory exchanges.
The preliminary public providing (IPO) of Gujarat-based multi-specialty healthcare providers supplier Sangani Hospitals was subscribed 4.54 times in complete throughout August 4 to August 8, in response to subscription information on the inventory exchanges.
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The public problem was subscribed 6.17 occasions within the retail class, 11.42 occasions in Qualified Institutional Buyers’ (QIB) class, and 1.38 occasions within the Non-Institutional Investors’ (NII) class.
Sangani Hospitals IPO particulars
Sangani Hospitals IPO comprised a contemporary problem of 37.92 lakh fairness shares of face worth of ₹10 every. The IPO worth band was ₹37 to ₹40 per share. At the higher finish of the value band, Sangani Hospitals IPO dimension was value ₹15.17 crore.
The firm plans to utilise the proceeds from the difficulty to hold out the capital expenditure for expansions in Sangani Hospital at Keshod and Sangani Super Speciality Hospital at Veraval, in Gujarat and likewise for common company functions.
Dr. Ajaykumar Sangani, Dr. Rajeshkumar Sangani, Kamalkumar Sangani and Dr. Vaishali Sangani are the promoters of Sangani Hospitals.
Bigshare Services Pvt Ltd was the IPO registrar, whereas Unistone Capital Pvt Ltd was the lead supervisor for Sangani Hospitals IPO.
Sangani Hospitals IPO allotment was fastened on August 11. Sangani Hospitals shares are listed on NSE Emerge, a platform for small and medium enterprises (SME).
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