HealthCare Global to make stock market debut on Wednesday

Cancer-care network operator HealthCare Global Enterprises (HCG), which completed its Rs 650-crore IPO earlier this month, will make stock market debut on Wednesday.

HCG was the fourth company after Precision Camshafts, TeamLease Services and Quick Heal Technologies to come out with an IPO this year.

The IPO of HealthCare Global which was open from March 16-18, was oversubscribed 1.56 times.

The company had fixed the price band at Rs 205-218 for the IPO.

Kotak Mahindra Capital Company, Edelweiss Financial Services, Goldman Sachs (India) Securities, IDFC Securities, IIFL Holdings and Yes Bank were the book running lead managers to the issue.

The Bengaluru-based firm operates one of the largest cancer-care networks in the country under the brand name HCG.

HCG has 14 comprehensive cancer centres.

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