24 Jan 08 Wockhardt Hospitals IPO Subscription Details
Wockhardt Hospitals IPO Subscription opens on Thursday, January 31, 2008. Wockhardt Hospitals IPO price band has been fixed at Rs. 280 to 310 per share. Wockhardt Hospitals is likely to emerge as the market leader since its much bigger in sheer balance sheet size when compared to Apollo Hospitals and Fortis Healthcare. Wockhardt Hospitals Limited is a part of the Wockhardt Group which already has two group companies listed and traded on the Indian stock markets. Wockhardt Hospitals IPO Subscription closes on Tuesday, February 05, 2008. Post IPO, Wockhardt Hospitals Limited will be listed on both the NSE and the BSE. Wockhardt Hospitals IPO Subscription Details and Wockhardt Hospitals IPO Allotment Status will be available here Hence do keep checking this space often.
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bullish have you even seen the balance sheet of WOCKHARDT HOSPITALS? FYI, for 9 months ending 31-12-07 total income was at Rs.260 corres with PBT of Rs.16.32 crores and PAT of Rs.7.31 crores. Apollo Hospital with annual revenue of over Rs.1,000 crores and PAT of Rs.80 crores. apollo hospital market cap 2800 crore is currently less than WOCKHARDT HOSPITALS market cap of 3200 crores.
the ipo price band has been revised due to poor subscription, especially pathetic institutional subscription. the price band is now rs 225 to rs 260. a reduction of rs 50 and the last date is extended to 7 th february.
although this is a good ipo, there has been poor interest due to the recent market crash.iam going to take a risk and apply in this ipo but it is unlikely to give listing gains.