The IPO of both companies received strong demand from qualified institutional buyers, but a relatively muted response from high networth individuals (HNIs) and retail investors.
DCX Systems will be the first IPO to open on October 31, followed by Fusion MicroFinance on November 2, whereas Medanta and Bikaji Foods will hit the D-Street on November 3.
With Manipal Hospitals wrapping up a deal to buy Columbia Asia Hospitals, Ranjan Pai has chalked off a major item on his bucket list: building a pan-India hospital chain. But he is far from done.
Losing the bidding war for Fortis was a setback for Ranjan Pai and his Manipal group, but that hasn’t dampened his enthusiasm. His plan to expand the group’s base and business portfolio is still on.
High-profile heart surgeon Naresh Trehan has staked everything on Medanta, the hospital that could be the genesis of a new health care system in the country.
