Public Market

IPO

Hemant Surgicals' Rs.25-Cr SME IPO oversubscribed 139 times

Economic Times  

The INR 24.8 crore public offer of Mumbai-based Hemant Surgicals received 139 times subscription at close. While the NII (non-institutional investor) part was subscribed 203 times, the retail investors category was subscribed by 158 times. The issue comprised a fresh equity issue of up to 27.6 lakh equity share with face value of INR 10 each. There is no offer for sale in the offer. The book running lead manager to the issue was Hem Securities and the registrar was Bigshare Services Pvt Ltd. Incorporated in 1989, Hemant Surgical makes medical equipment and disposables catering to renal care, cardiovascular disease, respiratory disease, critical care and radiology segments.