Wockhardt Hospitals IPO receives 0.10 times subscription

The Initial Public Offering of Wockhardt Hospitals Limited which opened for subscription on January 31, 2008 has received subscription of 0.10 times till 5:30 PM on 05 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 IPO has received total bids for 2390620 equity shares against the offer of 25087097 shares. The issue has received bids for 1292960 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received subscription of 0.0643 times with bids for 949180 equity shares against the offer of 14752258 equity shares.

The Non Institutional Investors portion has received bids for 6120 equity shares against the offer of 2458710 shares resulting in a subscription of 0.0025 times.

The Retail Individual Investors (RIIs) portion has received subscription of 0.1944 times with bids for 1433920 equity shares against the offer of 7376129 shares. The Employee Reservation has received bids for 1400 shares against the offer of 500000 shares resulting in a subscription of 0.0028 times.

The issue closes for subscription on February 7, 2008.

Source : Equity Bulls

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