Wockhardt Hospitals Limited files DRHP with SEBI

Wockhardt Hospitals Limited has filed Draft Red Herring Prospectus (DRHP) with SEBI for its forthcoming Initial Public Offering (IPO) to investors. The company is coming with a Public Issue of 30,000,000 equity shares of Rs.10 each for cash at a price band to be decided later.

The Issue comprises a net issue of 29,500,000 equity shares to public and a reservation of 500,000 equity shares for eligible employees. The Issue will constitute 28.77% of the post issue paid-up capital of the company. The company is also planning for Pre-IPO placement of shares with certain investors. If the Pre-IPO placement is completed the Issue size offered to the public will be reduced to the extent of such placement.

The company's shares are proposed to be listed in Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Kotak Mahindra Capital Company Ltd and Citigroup Global Markets India Pvt Ltd are the Book Running Lead Managers to the issue. Intime Spectrum Registry Ltd is the Registrar to the issue.

Click Here to View Wockhardt Hospitals Limited Website.

Click Here to view Wockhardt Hospitals Limited Prospectus.

Source : Equity Bulls

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