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Shalby, Ahmedabad based multi-specialty hospital chain has fixed the price band for its proposed initial public offer (IPO), between Rs.245-248 per equity share. Through this IPO, it will raise approx Rs.504 crore.
The IPO constitues a fresh issue of equity shares aggregating up to Rs.480 crore and an offer for sale of up to 10,00,000 equity shares.
The proceeds from the IPO will be used for repaying the borrowings of the company and for purchasing medical equipment for existing as well as upcoming hospitals. Moreover, the offer will open on December 5 and it will close on December 7.
