First listing of 2016!

Narayana Hrudayala made heartwarming debut on the bourses today.  The stock got listed on the NSE at Rs.299, a good 20% higher than the issue price of Rs.250/share. It went on to hit an intra day high of Rs.316.

The stock had got subscribed 8.67 times, raising Rs.184 crore from 15 anchor investors. They were also issued shares at the same price as the IPO price of Rs.250/share.

This company is promoted by well known cardiac surgeon Dr.Devi Shetty, operates 31 hospitals and 24 primary care facilities across India, with 5442 operational beds and the potential to reach a capacity of up to 6,602 beds.

New listings of healthcare stocks have been making waves on the stock exchanges. First was Alkem Labs which ended its first day of listing with a 31% gain and Dr.Lal Path Labs ended with a whopping 52% gain. Let’s see where Narayana Hrudayala ends today…