Tuesday, February 5, 2008

Wockhardt Hospitals IPO - Subscription Status

As of today, Wockhardt Hospitals has withdrawn its IPO due to poor response from investors!!

Wockhardt Hospitals IPO has got very poor response from investors. Even after lowering the price band and extending the close date by 2 days, it has failed to get fully subscribed. The price band of the issue is Rs 225 to Rs 260.

At the close of the IPO issue,
QII segment has been subscribed 0.06 times
NII segment has been subscribed 0.048 times
Retail segment has been subscribed 0.52 times
Employee Reservation segment has been subscribed 0.01 times

We had earlier recommended in our blog for investors not to invest in this IPO. Considering by the response, the bids are expected to be at the lower end of the band.

Watch out the blog for Allotment Status!

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