Wockhardt Hospitals IPO starts on Jan 31

Wockhardt Hospitals IPO will open for subscription on January 31st, 2008 with offering of over 2.5 crore equity shares. Wockhardt Hospitals IPO price is fixed between Rs. 280 at lower end and Rs. 310 at higher end of the issue. Wockhardt Hospitals is India’s largest private health-care service provider with revenue over Rs. 235 crore for the last financial year and current revenues for the 9 months completed being at Rs. 259 crore. Wockhardt Hospitals IPO funds will be used for expansion of hospitals through out the country from the existing 15 hospitals to 31 hospitals and from 1374 beds to 4780 beds. Wockhardt Hospitals IPO is proposed to be listed on the BSE and NSE and the subscription of the IPO closes on 5th February, 2008.More information regarding the Wockhardt Hospitals IPO Subscription and Wockhardt Hospitals IPO Allotment will be updated here soon.