Friday, January 25, 2008

Wockhardt Hospitals Limited IPO


Incorporated in 1991, Wockhardt Hospitals Limited is one of the largest private healthcare services companies in India, based on the number of hospital beds, according to information provided by CRIS-INFAC’s report published in 2007.

Wockhardt Hospitals have a superspecialty focus on core areas such as cardiology and cardiac surgery, orthopedics, neurology and neurosurgery, urology and nephrology and critical care, and specialize in minimally invasive surgery.

In India, they are the only private hospital group associate of Harvard Medical International (“HMI”), a selfsupporting not-for-profit subsidiary of Harvard Medical School. Wockhardt Hospitals is super-specialty hospital in Mumbai is one of the first hospitals in South Asia to have received international accreditation from Joint Commission International ("JCI"). JCI is part of the Joint Commission on Accreditation of Healthcare Organizations, a non-profit corporation that is the largest accreditor of healthcare organizations in the United States.

Objects of the Issue:

    The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
  1. Meet the cost of development and construction of greenfield and brownfield hospitals of the Company;
  2. Prepay some of the short term loans of the Company;
  3. Meet general corporate purposes including strategic initiatives;
  4. Meet expenses of the Issue in order to achieve the benefits of listing on the Stock Exchanges.

Wockhardt Hospitals Limited IPO Information

»» Public Issue Open: January 31, 2008 to February 05, 2008
»» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
»» Public Issue Size: 25,087,097 Equity Shares of Rs. 10/-
»» Face Value: Rs. 10/-
»» Public Issue Price: Rs 280/- to Rs 310/-
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing: BSE, NSE
»» Lead Manager: Citigroup Global Markets India Private Limited & Kotak Mahindra Capital Company Limited.
»» Registrar: Intime Spectrum Registry Limited (Ph: +91-22-2596 0320 Email: whl.ipo@intimespectrum.com)

No comments: