Healthcare Global Enterprises Ltd IPO (Healthcare Global IPO) Detail

Mar 16, 2016 - Mar 18, 2016

Healthcare Global Enterprises Ltd (HCG) is Bangalore India based provider of speciality healthcare in India focused on cancer and fertility.

HCG operates the largest cancer care network in India in terms of the total number of private cancer treatment centres licensed. HCG also operates fertility centres under the 'Milann' brand.

As of December 31, 2015, HCG network consisted of 14 comprehensive cancer centres, including centre of excellence in Bengaluru, three freestanding diagnostic centres and one day care chemotherapy centre across India.

HCG acquired 50.10% equity in BACC Healthcare in 2013 which operates fertility centres under the Milann brand, through itself and its wholly-owned subsidiary, DKR Healthcare. HCG now operate four Milann fertility centres in Bengaluru. BACC Healthcare is led by a team of qualified and experienced fertility specialists. Its founder, Dr. Kamini Rao has a successful track record of over 25 years of providing fertility treatments. Milann fertility centres provide comprehensive reproductive medicine services, including assisted reproduction, gynaecological endoscopy and fertility preservation; and follow a multidisciplinary and technology-focused approach to diagnosis and treatment.

Under Triesta brand, HCG provide clinical reference laboratory services in India with a specialisation in oncology, including molecular diagnostic services and genomic testing. Triesta central reference laboratory is located in centre of excellence in Bengaluru.

Strengths of the Company:
1. Largest provider of cancer care in India with a proven track record
2. High quality cancer care provided at a competitive price
3. Entry into high potential fertility business
4. Strong management team with successful track record
5. Highly skilled specialist physicians
6. 'hub and spoke' business model and partnership arrangements

Company Promoters:

Dr. BS Ajai Kumar, Dr. KS Gopinath, Dr. Ganesh Nayak, Dr. M Gopichand and Dr. BS Ramesh are the Promoters of the Company.

Company Financials:

Particulars	For the year/period ended (in Rs. Million)
�	31-Mar-15	31-Mar-14	31-Mar-13	31-Mar-12	31-Mar-11
Total Liabilities	6,895.42	6,138.21	6,436.40	4,362.63	3,203.63
Total Assets	6,895.42	6,138.21	6,436.40	4,362.63	3,203.63
Total Revenue	4,244.41	3,525.94	2,939.52	2,051.67	1,601.43
Profit After Tax (PAT)	(23.66)	(394.98)	(71.58)	(40.02)	34.40

Objects of the Issue:

The Offer comprises of Fresh Issue and the Offer for Sale.

Offer for Sale
Company will not receive any proceeds from the Offer for Sale.

Fresh Issue
Company proposes to utilise the Net Proceeds towards funding the following objects:
1. Purchase of medical equipment;
2. Investment in IT software, services and hardware;
3. Pre-payment of debt; and
4. General corporate purposes.

Healthcare Global IPO Details

IPO Opening Date	Mar 16, 2016
IPO Closing Date	Mar 18, 2016
Issue Type	Book Built Issue IPO
Face Value	₹10 per equity share
IPO Price	₹205 to ₹218 per equity share
Market Lot	65 Shares
Min Order Quantity	65 Shares
Listing At	BSE, NSE
Issue Size	29,800,000 Eq Shares of ₹10 (aggregating up to ₹649.64 Cr)

Healthcare Global IPO Lot Size

The Healthcare Global IPO market lot size is 65 shares. A retail-individual investor can apply for up to 14 lots (910 shares or ₹198,380).

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	65	₹14,170
Maximum	14	910	₹198,380

Healthcare Global IPO Subscription Status (Bidding Detail)

The Healthcare Global IPO is subscribed 1.56x times on Mar 18, 2016 13:00. The public issue subscribed 0.83x in the retail category, 2.36x in the QIB category, and 0.43x in the NII category. Check Day by Day Subscription Details (Live Status)

Category	IPO Subscription
QIB	2.36x
NII	0.43x
RII	0.83x
Total	1.56x

Healthcare Global IPO Prospectus

› Healthcare Global IPO RHP

Healthcare Global IPO Rating

232

3.3

Rating:

Vote Here ...

Healthcare Global IPO Listing Date

Listing Date	Wednesday, March 30, 2016
BSE Script Code	539787
NSE Symbol	HCG
Listing In	B
ISIN	INE075I01017
IPO Price	₹218 per equity share
Face Value	₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

BSE
₹218.00
₹209.80
₹169.00
₹211.00
₹170.95
2,886,401

NSE
₹218.00
₹210.20
₹169.10
₹211.90
₹171.00
11,075,297

Healthcare Global IPO Reviews / Ratings

Dilip Davda - Subscribe
Hem Securities - Avoid
SPA Financial Advisor Ltd - Subscribe

Company Contact Information

Healthcare Global Enterprises Ltd
HCG Tower, No. 8, P Kalinga Rao Road,
Sampangi Rama Nagar,
Bengaluru 560 027

Phone: +91 80 4660 7700
Email: investors@hcgoncology.com
Website: http://www.hcgel.com

Healthcare Global IPO Registrar

KFintech Private Limited
   Selenium Building, Tower-B, Plot No 31 & 32,
   Financial District,Nanakramguda, Serilingampally,
   Rangareddi, Telangana India - 500 032.

Phone: 1-800-3454001
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/

Healthcare Global IPO Lead Manager(s)

Lead Manager Reports

Healthcare Global IPO FAQs

What is Healthcare Global IPO?

Healthcare Global IPO is a main-board IPO of 29,800,000 equity shares of the face value of ₹10 aggregating up to ₹649.64 Crores. The issue is priced at ₹205 to ₹218 per equity share. The minimum order quantity is 65 Shares.

The IPO opens on Mar 16, 2016, and closes on Mar 18, 2016.

KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
When Healthcare Global IPO will open?

The Healthcare Global IPO opens on Mar 16, 2016 and closes on Mar 18, 2016.
What is the lot size of Healthcare Global IPO?

Healthcare Global IPO lot size is 65 Shares and the minimum order quantity is 65 Shares.
How to apply for Healthcare Global IPO?

You can apply in Healthcare Global IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
When Healthcare Global IPO allotment?

The finalization of Basis of Allotment for Healthcare Global IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Healthcare Global IPO allotment status.
When is Healthcare Global IPO listing date?

The Healthcare Global IPO listing date is on Wednesday, March 30, 2016.

Healthcare Global IPO Message Board

Ranked Members

311. Carn Mohan |Apr 1, 2016 13:13

IPO Mentor (700+ Posts, 200+ Likes)

Never invest in IPO/FPO is a golden rule. your hard earned money.

310. Carn Mohan |Apr 1, 2016 10:27

IPO Mentor (700+ Posts, 200+ Likes)

If any IPO down 20% there are 100% full allotment.
if any IPO up 15% there are allotment ratio 10:1 or 20:1
IPO investors always losers.

310.1. Virat Karani |Apr 1, 2016 10:44

HCG has not 35% retail quota. It is slight above 15% so only retailer is losers is myth

Small investor contribute only 15% it might possible investor number are 80% but their contribution is only around 15%

309. rahoolgupta |Mar 31, 2016 15:38

Now it is at 179/-.
Rising up slowly....

308. PearlRohit |Mar 31, 2016 12:39

QUICK HEAL KA BAP

307. Shibu |Mar 31, 2016 10:23

HCG - Such a disappointment.........Hope it comes back to 218

306. Rajeev Kumar Singh |Mar 31, 2016 04:09

Buy Bank of Baroda asap. Reasons- it was the most effected by vijay mallaya scandal. Secondly it had done higher provisioning for NPAs on loans given to VM. Now with possibility of 4k crore+ 2k crore out of 9k crore repayment by VM the balance sheets of banks would become better n if held for 2-3 yrs can give multifold returns. Do not miss the opportunity. BOB is avl at beaten down prices.

306.1. Rajeev Kumar Singh |Mar 31, 2016 04:11

Expect price of Vedanta n Hind Zinc to jump anywhere between 5-10% or more on 31 mar. For those in intra day its a good buy.

305. Carn Mohan |Mar 30, 2016 22:14

IPO Mentor (700+ Posts, 200+ Likes)

Bhai logo ak kahawat suni hogi
Andher nagri caupat raja taka ser bahji taka ser kaja

Ha Ha Ha

305.1. PearlRohit |Mar 31, 2016 12:42

BHAI...........
QUICK HEAL NE BAHOT KUCHH SHIKHA DIYA THA.
ESLIYE BACH GAYA.

304. Viraj |Mar 30, 2016 22:05

IPO Mentor (700+ Posts, 900+ Likes)

High veluasion,anothr qh

303. DCC |Mar 30, 2016 21:24

Hcg proved it''s slogan

Adding life to years

N

These life years for retailers should pass in waiting to get their hard earned money back..

I m loading faith on IPO.

Sebi not reviewed offer price.

Sebi is mother of retail investors , and if mother don''t care that child''s future is like orphan.

Good bye to IPO.

303.1. Septa |Mar 30, 2016 22:01

IPO Guru (4000+ Posts, 4500+ Likes)

IMO the strategy should be apply quality not quantity that be selective in applying for IPOs i have missed few good listing being selective but at least i have not many flops intact in 5 years i only had three bad ones still below issue price but this selective process i also missed half a dozen good ones too

302. Gravitas |Mar 30, 2016 21:02

Top Contributor (200+ Posts)

HCG corrected 22% on listing day itself & I thought I''d seen the worst in QH..

Load more comments (1 replies)

302.2. Septa |Mar 30, 2016 21:39

IPO Guru (4000+ Posts, 4500+ Likes)

today on CNBC TV18 the CEO sounded very less caring being a Dr himself when asked abt the price was high... Infant the reporter was good with a counter question how can he be so casual since now he is head of a listed company.....I think many applied seeing 3 successful health care IPO one big difference was QIB portion anyway..... this will reduce flippers for sure more IPOs go wrong less the demand better pricing end result good for RI....

I am more worried about the dog with rabies BWR

302.3. Gravitas |Mar 31, 2016 03:08

Top Contributor (200+ Posts)

Dog with rabies...:) this comment always tickles a funny bone.

301. Akshay More |Mar 30, 2016 19:49

I have two lots what to do. Any chance of it going to 200 levels

300. Googly |Mar 30, 2016 19:07

here always confusion

who is real and who is fake?

300.1. starsipo |Mar 30, 2016 19:11

Fake people never last to 10 years....

299. starsipo |Mar 30, 2016 17:39

Ms word , you are 100% right.....biased people pasting my advice but never post my others advised on H... I am sure they are unnerved after my posting on equitas....or about Lehman brothers story......

Load more comments (1 replies)

299.2. Rajeev Kumar Singh |Mar 30, 2016 19:29

He hardly had any advice on HCG. Except the ones already pasted. For any doubt click his name I''d n read his messages on HCG. does he think that people will read his emotional writeup above n believe him? Everyone to be clear do read his write ups on HCG by clicking his name I''d. Just to clear things up.

299.3. starsipo |Mar 30, 2016 19:34

Other advises means on NH.....lolz

298. Carn Mohan |Mar 30, 2016 17:15

IPO Mentor (700+ Posts, 200+ Likes)

if any IPO down 25% on listing 100% full allotment to retail investors.
if any IPO up 15% than allotment ratio 10:1 or 20:1 to retail investors.
there fore retailers always losers in IPO.
take care retailers.

298.1. Virat Karani |Apr 1, 2016 10:42

HCG has not 35% retail quota. It is slight above 15%.

Small investor contribute only 15% it might possible investor number are 80% but their contribution is only around 15%.

297. Carn Mohan |Mar 30, 2016 15:51

IPO Mentor (700+ Posts, 200+ Likes)

Be careful all IPO /fpos and your hard earn money.

296. starsipo |Mar 30, 2016 14:55

This is message no I6 of well-known expert....MO fundamental one should apply... I am going to apply this issue for sure....

296.1. Septa |Mar 30, 2016 15:06

IPO Guru (4000+ Posts, 4500+ Likes)

Pls read the comments after that too as why I think my spoke and hub model will not work and valuation cannot be same as other hospitals.

295. Bullishbear |Mar 30, 2016 14:49

They say the hindsight is 20/20 http://sumo.ly/hcmX

295.1. Septa |Mar 30, 2016 16:39

IPO Guru (4000+ Posts, 4500+ Likes)

for me the valuation was not right given it hub and spoke model that is reason i said avoid anyway hope pricing of IPO in future r priced reasonable

295.2. Bullishbear |Mar 30, 2016 17:16

Right Septa, I remember reading your views on this and benefitting from the same. Hope the weak listing of HCG puts some sense in small investors and lead managers.

294. Shrewd Trader |Mar 30, 2016 14:16

This was my reason for avoiding this issue, I had posted it earlier too :

Cons: (1)corporate governance issues like frauds by employees, criminal proceedings against promoters
(2) specialist doctors are not employees but work on contract basis
(3) HCG is highly indebted company
(4)loss making co. for past several years
(5) despite losses valuations almost equal to Apollo Hospital
(6) Total liability to Networth is as high as 1.9
(7) OCF is just 12 % of Sales
(8) Interest cover is around 1 only

293. IPOInvestorOnly |Mar 30, 2016 14:13

What is the fair value of this stock if one wants to buy?

293.1. Viraj |Mar 30, 2016 15:48

IPO Mentor (700+ Posts, 900+ Likes)

156 is very attrective leval

292. ABHISHEK AHMEDABAD |Mar 30, 2016 14:00

Ahmedabad grey market news zindabad perfect news

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