Wockhardt Hospitals IPO extended by 2 days

The Initial Public Offering of Wockhardt Hospitals Limited which opened for subscription on January 31, 2008 has received poor response from investors as the issue is highly priced.

The company has come out with an IPO of 25087097 Equity Shares of Rs.10 each for cash at a price band of Rs 225 to Rs 260 through 100% book building process.

The company had to revise its IPO price band from higher levels to a lower band. Even after reduction of the price the issue has received poor response from investors.

The IPO was scheduled to close for subscription today - February 5, 2008 and now the subscription period has been extended by 2 days. The IPO will now close for subscription on February 7, 2008.

Source : Equity Bulls

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