July 31 (Reuters) – Temasek-backed Manipal Health Enterprises’ $960.4 million initial public offering was fully subscribed on the final day of bidding on Friday, led by institutional investors. The IPO received bids for 96.44 million shares, as of 1:24 p.m. IST, against 90.09 million shares on offer, according to exchange data. (Reporting by Vivek Kumar […]
Health
Manipal Health’s $960 million India IPO fully subscribed
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July 31 (Reuters) – Temasek-backed Manipal Health Enterprises’ $960.4 million initial public offering was fully subscribed on the final day of bidding on Friday, led by institutional investors.
The IPO received bids for 96.44 million shares, as of 1:24 p.m. IST, against 90.09 million shares on offer, according to exchange data.
(Reporting by Vivek Kumar M; Editing by Sherry Jacob-Phillips)