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Wockhardt Hospitals extends IPO closing date

Wockhardt Hospitals extends IPO closing date
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First Published: Tue, Feb 05 2008. 10 53 AM IST
Updated: Tue, Feb 05 2008. 10 53 AM IST
Mumbai: The initial public offer for Wockhardt Hospitals Ltd has been extended by two days till 7 February, a banking source said on Tuesday.
The 25.1-million share issue has received no bids from institutional buyers, corporates or non-retail individual investors as on Monday, according to data on the NSE website. The retail portion was subscribed 0.06 times.
The healthcare services company, which had earlier set a price band of Rs280-310 for the issue, lowered it to Rs225-260 a share, a day before the issue opened on 31 January, citing market conditions.
Company officials were not immediately available for comment.
Citigroup and Kotak Investment Banking are the lead managers to the issue.
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First Published: Tue, Feb 05 2008. 10 53 AM IST