Global Health Private Ltd, which operates and manages hospitals throughout India under the Medanta brand, plans to launch an IPO (IPO) immediately.

The source told MoneyControl that spoke with law firms and investment bankers for the IPO began.

The company at the last stage appointed five investment bankers, including Securities Financial and JM box.

Email to Dr. Naresh Tranity, Chair and Director of Global Health Implementing, did not receive a response to the publication time of this report.

Dr. Tranity, one of the leading heart surgeons in the country, established Medanta in 2004.

Medanta Flagship Hospital, Medicity, Gurugram, has more than 1,300 beds, including 246 critical care beds, making it the biggest single-location hospital in India in the private sector. The hospital chain has a total operational capacity of around 2,000 beds.

Having four special Multi-Super Medanta Hospital in Gurugram, Lucknow, Indore, and Ranchi, with outpatient services at Patna, which began in 2020. It also has three clinics at Delhi Airport, South Delhi, and CyberCity DLF.

Revenue for FY20 stands at 1,478 crore Rs, and profit after tax at Rs 61 Crore.

PE investors come out?

Private equity investors Carlyle Group and Temasek hold significant minority bets in the company, 27 percent and 18 percent respectively. Carlyle came on the ship in 2013, and Temasek invested in the company in 2015. The rest was held by the tranity, his family and the Medanta Sunil Sachdeva Co-Founder.

PE investors are looking for a way out, and talks between Manipal Hospitals-TPG for the purchase of Medanta in 2019 is not realized. Medanta is said to have ordered the company value of Rs 5,800-6,000 Crore.