Wockhardt Hospital IPO

An overview of Wockhardt Hospitals Limited

Wockhardt Hospitals Limited is one of the biggest companies in private health care services in India. The total number of beds in Wockhardt Hospitals Limited is around 1,374 as on January 24th, 2008. The Managing Director of Wockhardt Hospitals Limited is Mr. Anil Kamath. Wockhardt Hospitals Limited performed more than 400 spine and neuron-surgeries, 1000 orthopedic procedures, and 10,000 interventional cardiac procedures in 2006- 2007.

Wockhardt Hospital IPO at a glance

Wockhardt Hospital IPO has been issued by Wockhardt Hospitals Limited at the band price that is between Rs. 280 and Rs. 310 per equity share. The issue of Wockhardt Hospital IPO opened on 31st January, 2008 and closed on 5th February, 2008. Wockhardt Hospital IPO consisted of 25,087,097 equity shares that are of Rs. 10 each. Wockhardt Hospitals Limited planned to generate around Rs. 800 crores through the IPO.

Wockhardt Hospital IPO constitutes around 24.06% of the company's paid up post issue equity share capital. The lead managers of Wockhardt Hospital IPO are ICICI Securities Limited and SBI Capital Markets Limited. Wockhardt Hospital IPO has received an IPO grade of four out of five by Fitch Ratings India.

Objectives of issuing Wockhardt Hospital IPO

The objective of issuing Wockhardt Hospital IPO is that the proceeds will be used by the company to establish around seventeen new hospitals by 2010. The new hospitals would be established in Kolkata, Delhi, Mumbai, Delhi, Patna, Bhavnagar, Goa, Ludhiana, and Varanasi. Moreover, the proceeds from the issue will be also used by the company to repay a few of the loans.