Wockhardt Hospitals IPO receives 0.20 times subscription

The Initial Public Offering of Wockhardt Hospitals Limited which opened for subscription on January 31, 2008 has received subscription of 0.20 times till 5:30 PM on 07 Feb 2008.

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 Qualified Institutional Buyers (QIBs) portion of the issue has received subscription of 0.0644 times with bids for 949360 equity shares against the offer of 14752258 equity shares.

The Non Institutional Investors portion has received bids for 118480 equity shares against the offer of 2458710 shares resulting in a subscription of 0.0482 times.

The Retail Individual Investors (RIIs) portion has received subscription of 0.5192 times with bids for 3829380 equity shares against the offer of 7376129 shares. The Employee Reservation has received bids for 6220 shares against the offer of 500000 shares resulting in a subscription of 0.0124 times.

The issue closed for subscription on February 7, 2008.

Source : Equity Bulls

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