Narayana Hrudayalaya share news and announcements
NSE: NHBSE: 539551Healthcare ServicesMid Cap
Last close ₹1,646.90down ₹46.30 (2.73%)BSE ₹1,647.00
Share price at the NSE close on 23 Oct 2026. Previous close ₹1,693.20.
52-week range of traded prices to 23 Oct 2026
₹1,589.00Low, 2 Apr 2026₹2,093.30High, 17 Nov 2025
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹33,656 Cr235th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 31 Jul 2026
- 41.2
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 22 May 2026
- 7.4
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.27%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 31 Jul 2026
- 20.0%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 31 Jul 2026
- 13.1%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 22 May 2026
- 1.07
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 1,97,68749.1% delivered
Last results date
The last board meeting held for results; the company has not yet given notice of the next.Narayana Hrudayalaya quarterly results
Jul31Fri
The board met on 31 Jul 2026 to consider financial results
Notice filed 27 Jul 2026
Narayana Hrudayalaya annual reports, presentations and earnings calls
The company's own documents, latest first.Narayana Hrudayalaya financials, year by year
Annual reports11
- Annual report, year to Mar 2026 (opens in a new tab)24 Jul 2026
- Annual report, year to Mar 2025 (opens in a new tab)7 Aug 2025
- Annual report, year to Mar 2024 (opens in a new tab)8 Aug 2024
- Annual report, year to Mar 2023 (opens in a new tab)14 Jul 2023, a zip file
- Annual report, year to Mar 2022 (opens in a new tab)8 Aug 2022, a zip file
6 earlier reports
- Annual report, year to Mar 2021 (opens in a new tab)17 Dec 2021, a zip file
- Annual report, year to Mar 2020 (opens in a new tab)6 Aug 2020, a zip file
- Annual report, year to Mar 2019 (opens in a new tab)12 Jul 2019, a zip file
- Annual report, year to Mar 2018 (opens in a new tab)8 Aug 2018, a zip file
- Annual report, year to Mar 2017 (opens in a new tab)11 Sep 2017, a zip file
- Annual report, year to Mar 2016 (opens in a new tab)2 Aug 2016, a zip file
Investor presentations46
- Narayana Hrudayalaya Ltd. has informed the Exchange about Investor Presentation (opens in a new tab)3 Aug 2026
- Narayana Hrudayalaya Ltd. has informed the Exchange about Investor Presentation (opens in a new tab)31 Jul 2026
- Narayana Hrudayalaya Ltd. has informed the Exchange about Investor Presentation (opens in a new tab)22 May 2026
- Narayana Hrudayalaya Ltd. has informed the Exchange about Investor Presentation (opens in a new tab)13 Feb 2026
- Narayana Hrudayalaya Ltd. has informed the Exchange about Investor Presentation (opens in a new tab)14 Nov 2025
41 earlier presentations
- Narayana Hrudayalaya Ltd. has informed the Exchange about Investor Presentation (opens in a new tab)3 Nov 2025
- Narayana Hrudayalaya Ltd. has informed the Exchange about Investor Presentation (opens in a new tab)31 Oct 2025
- Narayana Hrudayalaya Ltd. has informed the Exchange about Investor Presentation (opens in a new tab)3 Aug 2025
- Narayana Hrudayalaya Ltd. has informed the Exchange about Investor Presentation (opens in a new tab)1 Aug 2025
- Narayana Hrudayalaya Ltd. has informed the Exchange about Investor Presentation (opens in a new tab)23 May 2025
- Narayana Hrudayalaya Ltd. has informed the Exchange about Investor Presentation (opens in a new tab)2 Aug 2024
- Narayana Hrudayalaya Ltd. has informed the Exchange about Investor Presentation (opens in a new tab)24 May 2024
- Narayana Hrudayalaya Ltd. has informed the Exchange about Investor Presentation (opens in a new tab)14 Feb 2024
- Narayana Hrudayalaya Ltd. has informed the Exchange about Investor Presentation (opens in a new tab)13 Nov 2023
- Narayana Hrudayalaya Ltd. has informed the Exchange about Investor Presentation (opens in a new tab)2 Aug 2023
- Narayana Hrudayalaya Ltd. has informed the Exchange about Investor Presentation (opens in a new tab)19 May 2023
- Narayana Hrudayalaya Ltd. has informed the Exchange about Investor Presentation (opens in a new tab)8 Feb 2023
- Narayana Hrudayalaya Ltd. has informed the Exchange about Investor Presentation for the Second Quarter and half year ended 30th September 2022. (opens in a new tab)9 Nov 2022
- Narayana Hrudayalaya Ltd. has informed the Exchange about revised Investor Presentation (opens in a new tab)9 Aug 2022
- Narayana Hrudayalaya Ltd. has informed the Exchange about Investor Presentation (opens in a new tab)8 Aug 2022
- Narayana Hrudayalaya Ltd. has informed the Exchange about Investor Presentation (opens in a new tab)20 May 2022
- Narayana Hrudayalaya Ltd. has informed the Exchange about Investor Presentation (opens in a new tab)4 Feb 2022
- Narayana Hrudayalaya Ltd. has informed the Exchange about Investor Presentation (opens in a new tab)10 Nov 2021
- Narayana Hrudayalaya Ltd. has informed the Exchange about Investor Presentation (opens in a new tab)5 Aug 2021
- Narayana Hrudayalaya Ltd. has informed the Exchange about Investor Presentation (opens in a new tab)31 May 2021
- Narayana Hrudayalaya Ltd. has informed the Exchange about Investor Presentation (opens in a new tab)5 Feb 2021
- Narayana Hrudayalaya Ltd. has informed the Exchange about Investor Presentation (Revised) (opens in a new tab)3 Nov 2020
- Narayana Hrudayalaya Ltd. has informed the Exchange about Investor Presentation (opens in a new tab)2 Nov 2020
- Narayana Hrudayalaya Ltd. has informed the Exchange about Investor Presentation (Revised) for the first quarter ended 30th June 2020 (opens in a new tab)5 Aug 2020
- Narayana Hrudayalaya Ltd. has informed the Exchange about Investor Presentation (opens in a new tab)4 Aug 2020
- Narayana Hrudayalaya Ltd. has informed the Exchange about Investor Presentation (opens in a new tab)15 Jun 2020
- Narayana Hrudayalaya Ltd. has informed the Exchange regarding Investor Presentation (opens in a new tab)31 Jan 2020
- Narayana Hrudayalaya Ltd. has informed the Exchange regarding Investor Presentation (opens in a new tab)8 Nov 2019
- Narayana Hrudayalaya Ltd. has informed the Exchange regarding Investor Presentation (opens in a new tab)9 Aug 2019
- Narayana Hrudayalaya Ltd. has informed the Exchange regarding Investor Presentation (opens in a new tab)24 May 2019
- Narayana Hrudayalaya Ltd. has informed the Exchange regarding Investor Presentation for the third quarter and period ended 31 December 2018 (opens in a new tab)31 Jan 2019
- Narayana Hrudayalaya Ltd. has informed the Exchange regarding Investor Presentation (opens in a new tab)31 Oct 2018
- Narayana Hrudayalaya Ltd. has informed the Exchange regarding Investor Presentation (opens in a new tab)2 Aug 2018, a zip file
- Narayana Hrudayalaya Ltd. has informed the Exchange regarding Investor Presentation for the FY 2017-18 (opens in a new tab)29 May 2018, a zip file
- Narayana Hrudayalaya Ltd. has informed the Exchange regarding Investor Presentation (opens in a new tab)1 Feb 2018, a zip file
- Narayana Hrudayalaya Ltd. has informed the Exchange regarding Investor Presentation (opens in a new tab)31 Jan 2018, a zip file
- Narayana Hrudayalaya Ltd. has informed the Exchange regarding Investor Presentation (opens in a new tab)6 Nov 2017, a zip file
- Narayana Hrudayalaya Ltd. has informed the Exchange regarding Investor Presentation (opens in a new tab)2 Aug 2017, a zip file
- Narayana Hrudayalaya Ltd. has informed the Exchange regarding Investor Presentation (opens in a new tab)29 May 2017, a zip file
- Narayana Hrudayalaya Ltd. has informed the Exchange regarding Investor Presentation (opens in a new tab)31 Jan 2017, a zip file
- Narayana Hrudayalaya Ltd. has informed the Exchange regarding Investor Presentation (opens in a new tab)9 Nov 2016, a zip file
Earnings calls27
- Narayana Hrudayalaya Ltd. has informed the Exchange about Transcript of the Earnings call of the company for the quarter ended June 30, 2026. (opens in a new tab)10 Aug 2026
- Narayana Hrudayalaya Ltd. has informed the Exchange about Transcript of the Earnings call of the company for the quarter and financial year ended March 31, 2026. (opens in a new tab)2 Jun 2026
- Narayana Hrudayalaya Ltd. has informed the Exchange about Transcript of the Earnings Call of the Company held on Tuesday, February 17, 2026 (opens in a new tab)24 Feb 2026
- Narayana Hrudayalaya Ltd. has informed the Exchange about Transcript of the Earnings Call of the Company held on Monday, November 17 2025 (opens in a new tab)24 Nov 2025
- Narayana Hrudayalaya Ltd. has informed the Exchange about Transcript of Investor s Call -Acquisition of UK-based Practice Plus Group Hospitals Limited (opens in a new tab)7 Nov 2025
22 earlier call documents
- Narayana Hrudayalaya Ltd. has informed the Exchange about Audio Recording of Investor s Call -Acquisition of UK-based Practice Plus Group Hospitals Limited (opens in a new tab)7 Nov 2025
- Narayana Hrudayalaya Ltd. has informed the Exchange about Transcript of the Earnings Call of the Company held on Monday, August 04, 2025 (opens in a new tab)11 Aug 2025
- Narayana Hrudayalaya Ltd. has informed the Exchange about Transcript of the Earnings Call of the Company held on Tuesday, May 27, 2025 (opens in a new tab)2 Jun 2025
- Narayana Hrudayalaya Ltd. has informed the Exchange about Transcript of the Earnings Call of the Company held on Tuesday, February 18, 2025 (opens in a new tab)24 Feb 2025
- Narayana Hrudayalaya Ltd. has informed the Exchange about Transcript of the Earnings Call of the Company held on Tuesday, November 05, 2024 (opens in a new tab)11 Nov 2024
- Narayana Hrudayalaya Ltd. has informed the Exchange about Transcript of the Earnings Call of the Company held on Tuesday, August 06, 2024 (opens in a new tab)13 Aug 2024
- Narayana Hrudayalaya Ltd. has informed the Exchange about Transcript (opens in a new tab)31 May 2024
- Narayana Hrudayalaya Ltd. has informed the Exchange about Transcript (opens in a new tab)22 Feb 2024
- Narayana Hrudayalaya Ltd. has informed the Exchange about Link of Recording (opens in a new tab)16 Feb 2024
- Narayana Hrudayalaya Ltd. has informed the Exchange about Transcript (opens in a new tab)21 Nov 2023
- Narayana Hrudayalaya Ltd. has informed the Exchange about Link of Recording (opens in a new tab)15 Nov 2023
- Narayana Hrudayalaya Ltd. has informed the Exchange about Link of Recording (opens in a new tab)7 Aug 2023
- Narayana Hrudayalaya Ltd. has informed the Exchange about Transcript of Earnings Call for the quarter and year ended 31st March 2023 (opens in a new tab)29 May 2023
- Narayana Hrudayalaya Ltd. has informed the Exchange about Link of Recording (opens in a new tab)23 May 2023
- Narayana Hrudayalaya Ltd. has informed the Exchange about Transcript of the Earnings Call of the Company for the quarter and nine months ended 31st December 2022, held on 10th February 2023. (opens in a new tab)15 Feb 2023
- Narayana Hrudayalaya Ltd. has informed the Exchange about Link of Recording of Earnings Call for the quarter and nine months ended 31st December 2022 (opens in a new tab)11 Feb 2023
- Narayana Hrudayalaya Ltd. has informed the Exchange about Transcript of Analysts/Institutional Investor Meet/Con. Call for the quarter ended 30th September 2022 held on 11th November 2022. (opens in a new tab)14 Nov 2022
- Narayana Hrudayalaya Ltd. has informed the Exchange about Recording of Analysts/Institutional Investor Meet/Con. Call held on 11th November 2022 and is available on the website of the Company. (opens in a new tab)11 Nov 2022
- Narayana Hrudayalaya Ltd. has informed the Exchange about Transcript of Analysts/Institutional Investor Meet/Con. Call held on 11th August, 2022, please find enclosed herewith the transcript of the said Earnings Call. (opens in a new tab)16 Aug 2022
- Narayana Hrudayalaya Ltd. has informed the Exchange about Audio/ Video Recording of Earnings Call for the first quarter ended 30th June 2022 (opens in a new tab)12 Aug 2022
- Narayana Hrudayalaya Ltd. has informed the Exchange about Transcript of Analysts/Institutional Investor Meet/Con. Call (opens in a new tab)30 May 2022
- Narayana Hrudayalaya Ltd. has informed the Exchange about Recording of Analysts/Institutional Investor Meet/Con. Call (opens in a new tab)23 May 2022
Narayana Hrudayalaya share news and announcements
786 announcements, routine notices left out, newest first. Page 1 of 16.
Oct 2026
5 Oct · Commencement of commercial production/operations
Sep 2026
Aug 2026
Jul 2026
24 Jul · General Updates
Jun 2026
29 Jun · Legal
Exchange has sought clarification from Narayana Hrudayalaya Ltd. for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company is required to clarify the following: -1. Financial results submitted in XBRL with discrepancies. -2. Machine Readable Form / Legible copy of Financial Results not submitted. The response of the Company is awaited.
May 2026
Apr 2026
Mar 2026
27 Mar · Rumour Verification - Regulation 30(11)
Feb 2026
How the price met the news
The latest 30. The first session after each announcement, beside the market.
That dayThe first session's move. The first session's close after the announcement against the close before it, as a per cent change, on prices adjusted for splits and bonuses.Against the Nifty 500Against the Nifty 500. The share's move less the Nifty 500's move the same session, in percentage points (pts).Market median on that newsThe market's median move on that news. The middle first-session move of every listed company that filed the same kind of announcement, half moving more and half less.Five sessionsFive sessions' move. The close five sessions after the announcement against the close before it, as a per cent change.Five sessions against the Nifty 500Five sessions against the Nifty 500. The share's five-session move less the Nifty 500's move over the same five sessions, in percentage points (pts).Volume, times usualVolume, times usual. The session's shares traded divided by the average of the twenty sessions before it.Delivery against usualDelivery against usual. The share of the session's volume delivered into demat accounts, rather than bought and sold again the same day, less its average over the twenty sessions before, in percentage points (pts).
- 3 Aug 2026Resultsdown 5.40%−6.9 pts vs Nifty 500market median −0.7% · five sessions −7.1% (−8.2 pts vs Nifty 500) · volume 5.8× usual · delivery +4.2 pts against usual · The announcement (opens in a new tab)
- 25 May 2026Resultsup 4.55%+3.3 pts vs Nifty 500market median −0.7% · five sessions +2.6% (+3.6 pts vs Nifty 500) · volume 4.7× usual · delivery −31.1 pts against usual · The announcement (opens in a new tab)
- 16 Feb 2026Resultsup 0.94%+0.3 pts vs Nifty 500market median −0.7% · five sessions +0.4% (0.0 pts vs Nifty 500) · volume 1.2× usual · delivery −2.1 pts against usual · The announcement (opens in a new tab)
- 20 Jan 2026Credit ratingdown 2.29%−0.5 pts vs Nifty 500market median 0.0% · five sessions −7.3% (−4.9 pts vs Nifty 500) · volume 0.7× usual · delivery −3.1 pts against usual · The announcement (opens in a new tab)
- 13 Jan 2026Credit ratingup 0.80%+0.9 pts vs Nifty 500market median 0.0% · five sessions −2.8% (−0.4 pts vs Nifty 500) · volume 0.4× usual · delivery +3.6 pts against usual · The announcement (opens in a new tab)
- 17 Nov 2025Resultsup 14.53%+14.0 pts vs Nifty 500market median −0.7% · five sessions +16.5% (+16.7 pts vs Nifty 500) · volume 44.8× usual · delivery −46.7 pts against usual · The announcement (opens in a new tab)
- 4 Aug 2025Resultsdown 5.95%−6.8 pts vs Nifty 500market median −0.7% · five sessions −10.7% (−9.7 pts vs Nifty 500) · volume 4.2× usual · delivery −15.2 pts against usual · The announcement (opens in a new tab)
- 17 Feb 2025Resultsdown 0.11%−0.2 pts vs Nifty 500market median −0.7% · five sessions +5.2% (+4.9 pts vs Nifty 500) · volume 1.1× usual · delivery +5.8 pts against usual · The announcement (opens in a new tab)
- 27 Jan 2025Credit ratingdown 0.98%+0.9 pts vs Nifty 500market median 0.0% · five sessions +6.3% (+5.0 pts vs Nifty 500) · volume 0.8× usual · delivery −9.8 pts against usual · The announcement (opens in a new tab)
- 1 Nov 2024Resultsdown 1.93%−2.5 pts vs Nifty 500market median −0.7% · five sessions −0.1% (−0.7 pts vs Nifty 500) · volume 1.1× usual · delivery −6.1 pts against usual · The announcement (opens in a new tab)
20 earlier announcements
- 1 Nov 2024Board or managers changeddown 1.93%−2.5 pts vs Nifty 500market median 0.0% · five sessions −0.1% (−0.7 pts vs Nifty 500) · volume 1.1× usual · delivery −6.1 pts against usual · The announcement (opens in a new tab)
- 5 Aug 2024Resultsdown 0.72%+2.4 pts vs Nifty 500market median −0.7% · five sessions +0.1% (+1.5 pts vs Nifty 500) · volume 1.3× usual · delivery −16.0 pts against usual · The announcement (opens in a new tab)
- 27 May 2024Dividenddown 1.28%−1.3 pts vs Nifty 500market median 0.0% · five sessions −5.1% (−3.3 pts vs Nifty 500) · volume 1.1× usual · delivery +3.7 pts against usual · The announcement (opens in a new tab)
- 15 Feb 2024Resultsdown 4.53%−5.1 pts vs Nifty 500market median −0.7% · five sessions −4.6% (−5.6 pts vs Nifty 500) · volume 3.1× usual · delivery +8.4 pts against usual · The announcement (opens in a new tab)
- 2 Feb 2024Credit ratingdown 1.55%−2.2 pts vs Nifty 500market median 0.0% · five sessions +0.2% (−0.8 pts vs Nifty 500) · volume 0.8× usual · delivery −17.8 pts against usual · The announcement (opens in a new tab)
- 3 Aug 2023Board or managers changedup 0.66%+1.2 pts vs Nifty 500market median 0.0% · five sessions −2.7% (−3.6 pts vs Nifty 500) · volume 2.5× usual · delivery −4.7 pts against usual · The announcement (opens in a new tab)
- 22 May 2023Dividendup 7.53%+6.9 pts vs Nifty 500market median 0.0% · five sessions +9.2% (+7.3 pts vs Nifty 500) · volume 15.2× usual · delivery −49.9 pts against usual · The announcement (opens in a new tab)
- 6 Mar 2023Credit ratingup 1.61%+0.9 pts vs Nifty 500market median 0.0% · five sessions +0.6% (+2.8 pts vs Nifty 500) · volume 2.1× usual · delivery −0.4 pts against usual · The announcement (opens in a new tab)
- 23 May 2022Resultsdown 4.41%−4.0 pts vs Nifty 500market median −0.7% · five sessions −1.3% (−1.1 pts vs Nifty 500) · volume 0.9× usual · delivery −20.2 pts against usual · The announcement (opens in a new tab)
- 23 May 2022Dividenddown 4.41%−4.0 pts vs Nifty 500market median 0.0% · five sessions −1.3% (−1.1 pts vs Nifty 500) · volume 0.9× usual · delivery −20.2 pts against usual · The announcement (opens in a new tab)
- 7 Feb 2022Resultsup 2.38%+3.8 pts vs Nifty 500market median −0.7% · five sessions +0.2% (+1.5 pts vs Nifty 500) · volume 1.4× usual · delivery −15.4 pts against usual · The announcement (opens in a new tab)
- 11 Nov 2021Resultsup 4.43%+5.1 pts vs Nifty 500market median −0.7% · five sessions +7.0% (+7.4 pts vs Nifty 500) · volume 29.8× usual · delivery −42.5 pts against usual · The announcement (opens in a new tab)
- 20 Sep 2021Board or managers changeddown 1.10%+0.2 pts vs Nifty 500market median 0.0% · five sessions −2.3% (−3.3 pts vs Nifty 500) · volume 1.2× usual · delivery −22.6 pts against usual · The announcement (opens in a new tab)
- 14 Jun 2021Board or managers changeddown 1.11%−1.0 pts vs Nifty 500market median 0.0% · five sessions −6.5% (−5.2 pts vs Nifty 500) · volume 0.2× usual · delivery +1.7 pts against usual · The announcement (opens in a new tab)
- 1 Jun 2021Resultsup 12.43%+12.6 pts vs Nifty 500market median −0.7% · five sessions +9.8% (+7.8 pts vs Nifty 500) · volume 25.1× usual · delivery −40.6 pts against usual · The announcement (opens in a new tab)
- 8 Feb 2021Resultsdown 3.10%−4.4 pts vs Nifty 500market median −0.7% · five sessions −9.0% (−10.9 pts vs Nifty 500) · volume 0.9× usual · delivery −29.1 pts against usual · The announcement (opens in a new tab)
- 20 Jan 2021Board or managers changeddown 0.88%−1.7 pts vs Nifty 500market median 0.0% · five sessions −5.3% (−1.7 pts vs Nifty 500) · volume 0.4× usual · delivery −21.1 pts against usual · The announcement (opens in a new tab)
- 3 Nov 2020Resultsup 0.93%−0.1 pts vs Nifty 500market median −0.7% · five sessions +3.9% (−2.2 pts vs Nifty 500) · volume 2.0× usual · delivery +18.3 pts against usual · The announcement (opens in a new tab)
- 16 Jun 2020Resultsdown 2.47%−3.3 pts vs Nifty 500market median −0.7% · five sessions −5.8% (−10.7 pts vs Nifty 500) · volume 1.6× usual · delivery +1.5 pts against usual · The announcement (opens in a new tab)
- 3 Mar 2020Dividenddown 2.94%−4.5 pts vs Nifty 500market median 0.0% · five sessions −4.6% (+1.4 pts vs Nifty 500) · volume 41.7× usual · delivery +0.5 pts against usual · The announcement (opens in a new tab)
Narayana Hrudayalaya results filing dates and deadlines
Listed companies must file quarterly results within 45 days, and the year's within 60.
Days to fileDays to file. The days from the period's end to the day the results reached the exchange.DeadlineDeadline, days. The days the rules allow from the period's end: 45 for a quarter or half year, and 60 for the year and the March quarter filed with it. A company that listed after the period ended has until 21 days after its listing where that is later.