Bookbuilding IPO | ₹497 Cr | Listed at BSE, NSE | Mon, Apr 16, 2007 - Fri, Apr 20, 2007
Fortis Healthcare IPO is a book build issue of ₹496.76 crores. The issue is entirely a fresh issue of 4.60 crore shares of ₹496.76 crore.
Fortis Healthcare IPO bidding started from Apr 16, 2007 and ended on Apr 20, 2007. The shares got listed on BSE, NSE on May 9, 2007.
Fortis Healthcare IPO price band is set at ₹108 per share. The lot size for an application is 60. The minimum amount of investment required by an retail is ₹6,600 (60 shares) (based on upper price). The lot size investment for sNII is 31 lots (1,860 shares), amounting to ₹2,00,880, and for bNII, it is 155 lots (9,300 shares), amounting to ₹10,04,400.
Citigroup Global Markets India Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Fortis Healthcare IPO RHP for detailed Information.
IPO Open
Mon, Apr 16, 2007
IPO Close
Fri, Apr 20, 2007
Issue Price
₹108 per share
Market Cap (Pre-IPO)
₹2,448.00 Cr
| IPO Date | 16 to 20 Apr, 2007 |
| Listed on | Wed, May 9, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹92 to ₹110 |
| Issue Price | ₹108 per share |
| Lot Size | 60 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 4,59,96,439 shares (agg. up to ₹497 Cr) |
| Reserved for Employees | 2,42,476 shares (agg. up to ₹3 Cr) |
| Fresh Issue | 4,57,53,963 shares (agg. up to ₹494 Cr) |
| Net Offered to Public | 4,57,53,963 shares (agg. up to ₹494 Cr) |
| Share Holding Pre Issue | 18,06,70,094 shares |
| Share Holding Post Issue | 22,66,66,533 shares |
| BSE Script Code / NSE Symbol | 532843 / FORTIS |
| ISIN | INE061F01013 |
Fortis Healthcare IPO comprises a total issue size of 4,57,53,963 shares. The net offer to the public is 4,55,11,487 shares, after excluding 2,42,476 shares allotted on a firm basis. Of the Net offer 2,74,52,378 (60.00%) are allocated to QIB, 45,75,396 (10.00%) allocated to NII 1,37,26,189 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 2,74,52,378 | 60.00% | 60.00% | NA |
| NII (HNI) Shares Offered | 45,75,396 | 10.00% | 10.00% | NA |
| Retail Shares Offered | 1,37,26,189 | 30.00% | 30.00% | 2,28,769 |
| Firm Reservations | ||||
| Employee Shares Offered | 2,42,476 | 0.53% | NA | |
| Total Shares Offered | 4,57,53,963 | 100.00% | 100.00% | |
Investors can bid for a minimum of 60 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 60 | ₹6,480 |
| Retail (Max) | 30 | 1,800 | ₹1,94,400 |
| S-HNI (Min) | 31 | 1,860 | ₹2,00,880 |
| S-HNI (Max) | 154 | 9,240 | ₹9,97,920 |
| B-HNI (Min) | 155 | 9,300 | ₹10,04,400 |
Incorporated in 2001, Fortis Healthcare Limited (FHL) is one of the largest private healthcare companies in India, based on the number of hospital beds. Fortis currently have a network of 12 hospitals primarily in north India, 15 satellite and heart command centers in hospitals across the country and one heart command center in Afghanistan.
Most of Fortis's hospitals are multi-specialty hospitals, which provide secondary and tertiary healthcare to patients. Some of there multi-specialty hospitals also include super-specialty "centers of excellence" providing quaternary healthcare to patients in key specialty areas such as cardiac care, orthopedics, neuro-sciences, oncology, renal care, gastroenterology and mother and child care. In addition, two of there hospitals, Escorts Heart Institute & Research Centre at New Delhi ("EHIRC") and Escorts Heart Centre at Raipur ("EHCR"), focus primarily on cardiac patients, with EHIRC serving as a super-specialty “center of excellence” for cardiac care.
During fiscal 2006, Fortis performed over 5,000 open heart surgeries, 5,000 angioplasties and 15,000 angiographies. Fortis currently have approximately 1,580 inpatient beds in use across its network of 12 hospitals.
Fortis's total income for fiscal 2006 for FHL, EHIRCL and its subsidiaries and IHL was Rs. 999.82 million, Rs. 2,894.56 million and Rs. 504.73 million, respectively. Restated net loss for the same period for FHL, EHIRCL and its subsidiaries and IHL was Rs. 276.71 million, Rs. 84.67 million and Rs. 67.29 million, respectively.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Construction and development of the 2,000.00 2,000.00 - 1,000.00 1,000.00 (1) planned hospital to be located at Shalimar Bagh, New Delhi by OBPL. | 200.00 |
| 2 | Refinancing of funds availed for the acquisition of EHIRCL | 560.00 |
| 3 | Prepayment of short term loans of the Company. | 70.00 |
| 4 | General corporate purposes including strategic initiatives | |
| 5 | Issue expenses |
| KPI | |
|---|---|
| RoNW | -34% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 93.37% | 74.45% |
| Market Cap | ₹2,448.00 Cr. |
The Fortis Healthcare IPO is subscribed 2.78 times on April 20, 2007 5:00:00 PM (Day 5). The public issue subscribed 3.25 times in the retail category, 2.72 times in the QIB category, and 1.74 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management, underwriting and selling commissions | 15.00 |
| 2 | Advertising and marketing expenses | 10.00 |
| 3 | Printing and stationary expenses | 4.50 |
| 4 | Others (Registrar fees, legal fees etc.) | 14.95 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹108.00 | ₹108.00 |
| Open | ₹105.00 | ₹110.00 |
| Low | ₹97.90 | ₹98.05 |
| High | ₹109.10 | ₹110.00 |
| Last Trade | ₹100.00 | ₹100.15 |
Fortis Healthcare IPO is a main-board IPO of 4,59,96,439 equity shares of the face value of ₹10 aggregating up to ₹497 Crores. The issue is priced at ₹108 per share. The minimum order quantity is 60.
The IPO opens on Mon, Apr 16, 2007, and closes on Fri, Apr 20, 2007.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Fortis Healthcare IPO using UPI as a payment gateway. Zerodha customers can apply in Fortis Healthcare IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Fortis Healthcare IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Fortis Healthcare IPO opens on Mon, Apr 16, 2007 and closes on Fri, Apr 20, 2007.
Fortis Healthcare IPO lot size is 60, and the minimum amount required for application is ₹6,480.
You can apply in Fortis Healthcare IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Fortis Healthcare IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Fortis Healthcare IPO allotment status.
The Fortis Healthcare IPO listing date is on Wed, May 9, 2007.
