Wockhardt Hospitals revises IPO price band to Rs 225-260 per share
Wockhardt hospitals IPO price was in the range of Rs 280-310 before, but they have corrected the price to Rs 225-260 per share looking at the weak Indian markets and foreseen lukewarm response of investors to this IPO.
Wockhard Hospitals is one of the largest private health care services companies in India based on the number of hospital beds. The issue should have opened today and will close on February 5, 2008.
The joint global co-ordinators and book running lead managers to the Issue are Citigroup Global Markets India Private Limited and Kotak Mahindra Capital Company Limited. The book running lead managers to the Issue are SBI Capital Markets Limited and ICICI Securities Limited.
Wockhardt Hospitals is supposed to open today, January 31, 2008 and will close on February 5, 2008 but not open yet. The company has reduced its price band to Rs 225-260 from Rs 280-310 per share, for which it still has not got regulatory nod.
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[...] this situation after extending the original IPO subscription duration to eight days. They had even reduced the IPO price on the opening day of IPO due to bad market conditions and foreseen poor [...]