Fortis Healthcare Ltd IPO to hit markets on 16 April, 2007

Fortis Healthcare Ltd is coming out with an Initial Public Offering (IPO) of 45,996,439 equity shares of Rs.10 each at a price band of Rs.92 to Rs.110 through 100% book building process.

The issue opens for subscription on Monday - 16 April, 2007 and closes on Friday - 20 April, 2007.

Out of the issue, 27,452,378 equity shares are reserved for Qualified Institutional Bidders (QIBs), 4,575,396 equity shares are reserved for Non-Institutional Investors, 13,726,189 equity shares are reserved for Retail Individual Investors (RIIs) and 242,476 equity shares reserved for the employees.

The Equity Shares of the company are proposed to be listed on the BSE and the NSE.

JM Morgan Stanley Private Ltd, Citigroup Global Markets India Private Ltd and Kotak Mahindra Capital Company Ltd are the Book Running Lead Managers to the issue.

Intime Spectrum Registry Ltd is the Registrar to the issue.

Click Here to view the company's website Fortis Healthcare Ltd

Click Here to view the Company's IPO prospectus Fortis Healthcare Ltd

Source : Equity Bulls

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