Chennai: Healthcare company Fortis Healthcare Ltd said on 10 April it is entering the capital market with an initial public offering with a price band of Rs92 to Rs110.
The issue would open for subscription on April 16 and close on April 20. The IPO would be for 45,996,439 equity shares of Rs10 each. The company proposes to allot 2,42,476 equity shares to eligible employees in the firm allotment portion, company chairman Harpal Singh told reporters.
Of the net issue to the public, at least 60% will be allotted to qualified institutional buyers (QIB) and 5% of the QIB portion will be available for allocation to mutual funds only, he said.