Shares of Gurugram-based Global Health Ltd., the owner and operator of hospital chain Medanta, ended over 23% higher after listing at a premium to its IPO price on market debut.
The stock opened at Rs 401 on the National Stock Exchange, a 19.3% premium to its issue price of Rs 336. On the BSE, the stock debuted at Rs 398.15, a 18.5% premium.
The stock gained as much as 26.4% to Rs 424.9 apiece intraday and ended at Rs 415.3, 23.6% higher.
The healthcare provider's initial public offering, which was open for subscription from Nov. 4-7, received lukewarm response with the issue getting subscribed 9.58 times.
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