Global Health IPO subscribed 26% on first day of offering

Global Health, which operates the Medanta brand of hospitals, launched its maiden public offering, receiving 26% subscription on the first day. The IPO attracted bids for 1,19,50,268 shares against 4,67,42,397 shares on offer, according to data from NSE. The IPO has a fresh issue of up to ₹500 crore and an offer for sale of up to 5,07,61,000 equity shares.