• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Proposes to offer 5.67 crore equity shares of Rs 10 each

New Delhi , Oct. 3

Fortis Healthcare Ltd today said that it filed its draft red herring prospectus with the Securities and Exchange Board of India on September 29 for an initial public offering of equity shares.

The company proposes to offer 5.67 crore equity shares of Rs 10 each for cash at a premium to be decided through the 100 per cent book-building process to be listed on the Bombay Stock Exchange and the National Stock Exchange.

Fortis Healthcare also proposes to allot five lakh equity shares to eligible employees of the company in the firm allotment portion.

IPO allocations

Of the net offer to the public, at least 60 per cent of the offering will be allocated to qualified institutional buyers on a proportionate basis, five per cent of which will be available for allotment to mutual funds registered with the SEBI.

Not less than 10 per cent of the offering will be available for allocation to non-institutional investors and not less than 30 per cent of the offering will be available for allocation to retail investors on a proportionate basis.

Hospitals and medicare

The company currently has a network of 12 hospitals primarily in north India and 15 satellite and heart command centres in hospitals across the country and one heart command centre in Afghanistan.

The hospitals include multi specialty hospitals, as well as super-specialty "centers of excellence" providing tertiary and quaternary healthcare to patients in key areas such as cardiac care, orthopedics, neuro-sciences, renal care, pulmono - thoracic surgery and diabetic care.

Besides these, the company also manages 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 Private Ltd, Citigroup Global Markets India Private Ltd and Kotak Mahindra Capital Company Ltd.

More Stories on : IPOs | Medical Institutions & Hospitals

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
India Infoline enters mobile trading arena

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line