Religare Health Trust kicks off trading at SGX-ST

The largest IPO with Indian assets.

In a release, Religare Health Trust (“RHT”), Singapore’s first business trust comprising healthcare assets in India, began trading at 2.00 p.m. today on the Mainboard of the Singapore Exchange Securities Trading Limited (the “SGX-ST”) making it the largest IPO involving Indian assets in Singapore, and the second largest IPO involving a primary listing in Singapore year-to-date.

A total of 567,455,000 Common Units were offered for subscription (the “Offering”) at S$0.90 per unit by Religare Health Trust Trustee Manager Pte. Ltd. (in its capacity as trustee-manager of RHT) (the “Trustee-Manager”).

The Offering’s international placement of 555,455,000 Common Units to investors, including institutional and other investors in Singapore was more than 2.3 times covered.

In addition, at the close of the public offer at 12.00pm on 18 October 2012, there were 5,844 valid applications for 173,964,000 Common Units. Based on the 12,000,000 Common Units available to the public for subscription, the public offer was approximately 14.5 times subscribed.

The Offering raised gross proceeds of approximately S$510.7 million.