Wockhardt

By Research Desk
about 17 years ago
Wockhardt

 

 

 

Wockhardt Hospital has filed its DRHP with SEBI on 23rd August 2007. It has planned a public issue of 3,00,00,000 equity shares of Rs 10 each for cash at a price to be decided through the book building process. The issue would constitute 28.77% of the post issue capital. The BRLM's to the issue are Kotak Mahindra Capital and Citigroup Global Markets. The shares are proposed to be listed on the National Stock Exchange and Bombay Stock Exchange.

 

The company is also considering a pre-IPO placement of up to 7.5 lakh shares, following which the net issue will reduce to 2.93 crore equity shares, subject to minimum 10% of the post issue capital.

It plans to use the issue proceeds to fund cost of development and construction of greenfield and brownfield hospitals estimated at Rs 617.2 crore and prepay some of the short term loans estimated at Rs 195 crore.


An associate of the Harvard Medical International, the Wockhardt Hospital, the
company currently operates hospitals at Mumbai, Delhi, Bangalore, Hyderabad, Kolkata, Nagpur, Surat and Rajkot. The hospitals run by the company include specialty units for heart, brain and spine, eye, bone and joints, kidney and liver. The company also runs specialty clinics for diabetes, backache and spine, and arthritis.

 

As on 31/03/07, it had posted a total income of Rs.236.70 crore, on which it posted a net profit of Rs.15.59 crore.

 

The company plans to open super specialty hospitals in second rung cities like Nasik, Jabalpur, Goa and Ludhiana.

 

 

 

Articles you may also like

Popular Comments

No comment posted for this article.