With bulls continuing their run unabated on Dalal Street, several companies are gearing up to take the plunge in the equity space. The healthcare sector is seeing a strong buzz with companies lining up to raise over Rs 3,000 crore through initial public offerings.
Healthcare companies will be listing on the bourses after almost eight years.
Bangalore-based specialist cancer care hospital Healthcare Global has been in talks with several bankers to raise around Rs 500 crore. The valuation of the company is Rs 2000 crore. It has three PE investors, Quadria Capital, Temasek, Premjiinvest as PE investors for whom this IPO may be a good move for a future exit.
Another company that is mulling an IPO is Fortis Healthcare's diagnostic arm SRL Diagnostics, which is also planning to raise more than Rs 500 crore. The details of it are yet to be finalised.
Experts believe the timing is apt – the market in a bull run and many private equity players that have invested in these companies are looking for an exit. Hence, through these IPOs, these PE players will have an easier exit route.
Some of the other companies that are looking to raise funds via the IPO route are Aster DM Healthcare – which is looking to raise a whopping Rs 1200 crore by listing on Indian bourses and in London; and Thyrocare Labs that looking to raise Rs 500 crore. Thyrocare Labs is looking to list by February 2015.
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