Narayana Hrudayalaya raises $27m from Singapore’s GIC, other anchor investors ahead of IPO

Narayana Hrudayalaya raises $27m from Singapore’s GIC, other anchor investors ahead of IPO

Visual from Narayana Health website

Healthcare firm Narayana Hrudayalaya Ltd on Wednesday raised nearly $27 million (Rs.184 crore) through anchor investors ahead of its initial public offering (IPO) on Thursday.

The anchor book is that portion of the IPO which bankers allot to institutional investors on a discretionary basis. Anchor book subscription opens one day ahead of the IPO and is an indicator of institutional investor interest in a public issue.

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