Wockhardt Hospital IPO out on 31 Jan at a Price Band Of Rs. 280 to Rs. 310 Per Share

Wockhardt Hospitals’ IPO will open on January 31, and close on February 5, the Indian company said on Tuesday. The company intends to utilise the proceeds from the issue to meet the cost of development and construction of greenfield and brownfield hospitals, prepay short-term loans and meet general corporate expenses.

The company has fixed the price band between Rs 280 and Rs 310 per share. It filed a red herring prospectus with the Registrar of Companies, in Mumbai, on January 17, 2008. The issue will constitute 24.06% of the post-issue paid up share capital. Publisher’s Disclosure — Bennett, Coleman & Co holds 1.55% of the post-public issue equity capital of Wockhardt Hospital.

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 Limited, formerly First Hospitals and Heart Institute Limited, is a private healthcare services company. The Company has a superspecialty focus on core areas, such as cardiology and cardiac surgery, orthopedics, neurology and neurosurgery, urology and nephrology and critical care, and it specialize in minimally invasive surgery. It has a network of eight super-specialty hospitals and four regional specialty intensive care unit (ICU) hospitals providing healthcare services in western, southern and eastern India. The Company’s regional specialty ICU hospitals act as referral centers and the first point of critical care for its larger super-specialty hospitals. During the fiscal year ended March 31, 2007 (fiscal 2007), it performed over 10,000 interventional cardiac procedures, 1,000 orthopedic procedures and 400 neuro and spine surgeries. It has approximately 1,090 inpatient beds in use across its network of 12 facilities.

Objects of the Issue:
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
Meet the cost of development and construction of greenfield and brownfield hospitals of the Company;
Prepay some of the short term loans of the Company;
Meet general corporate purposes including strategic initiatives;
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)

Wockhardt Hospitals Limited's financial information

Particulars For the year/period ended (Rs. in million)
30-Jun-07 31-Mar-07 31-Mar-06 31-Mar-05
Gross Sales 774.99 2367.04 1591.63 1292.30
Profit After Tax (PAT) 11.27 155.37 143.72 13.47



Wockhardt Hospitals Limited IPO Listing Info

IPO Listing Date:
BSE Script Code:
NSE Symbol:
Listing in:
ISIN:
Face Value: Rs 10/- Per Equity Share






Contact Info

Regitered Office :
Wockhardt Hospitals Limited,
Wockhardt Towers,
Bandra Kurla Complex,
Bandra (East), Mumbai – 400 051, India
Phone: + 91-2226-534444
Fax: +91-2226-596814
Email: whlipo@wockhardthospitals.com
Website: http:// www.wockhardthospitals.com