Indian IPO

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Wednesday, April 04, 2007

Fortis Healthcare fixes IPO price band at Rs 92-110

Fortis Healthcare, FHL is entering capital market with a public issue of Rs 10 each. It fixed issue price band at Rs 92-110 per share.

The issue opens on April 16 and closes on April 20, 2007.

FHL currently has a network of 11 hospitals primarily in North India and 16 satellite and heart command centers (including one heart command center in Afghanistan). The hospitals include multi specialty hospitals, as well as super-specialty centers providing tertiary and quaternary healthcare to patients in areas such as cardiac care, orthopedics, neurosciences, oncology, renal care, gastroenterology and mother and child care. The hospitals that FHL manages include Fortis La Femme, a "boutique" style hospital that focuses on women's health and maternity care.

The book running lead managers to the issue are JM Morgan Stanley, Citigroup Global Markets India and Kotak Mahindra Capital Company.

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