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Lotus Eye Care Hospital IPO is a book build issue of ₹38.00 crores. The issue is entirely a fresh issue of 1.00 crore shares of ₹38.00 crore.
Lotus Eye Care Hospital IPO bidding started from Jun 12, 2008 and ended on Jun 20, 2008. The shares got listed on BSE, NSE on Jul 11, 2008.
Lotus Eye Care Hospital IPO price band is set at ₹38.00 per share . The lot size for an application is 150. The minimum amount of investment required by an retail is ₹5,400 (150 shares). The lot size investment for sNII is 36 lots (5,400 shares), amounting to ₹2,05,200, and for bNII, it is 176 lots (26,400 shares), amounting to ₹10,03,200.
Keynote Financial Services Ltd. is the book running lead manager and S.K.D.C.Consultants Ltd. is the registrar of the issue.
Refer to Lotus Eye Care Hospital IPO RHP for detailed Information.
| IPO Date | June 12, 2008 to June 20, 2008 |
| Listing Date | July 11, 2008 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹36 to ₹38 per share |
| Issue Price Final | ₹38 per share |
| Lot Size | 150 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 1,00,00,000 shares (aggregating up to ₹38.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,07,96,330 shares |
| Share Holding Post Issue | 2,07,96,330 shares |
Lotus Eye Care IPO offers total 1,00,00,000 shares. Out of which 50,00,000 (50.00%) allocated to QIB, 15,00,000 (15.00%) allocated to NII, 35,00,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 50,00,000 (50.00%) | NA |
| NII (HNI) Shares Offered | 15,00,000 (15.00%) | NA |
| Retail Shares Offered | 35,00,000 (35.00%) | 23,333 |
| Total Shares Offered | 1,00,00,000 (100.00%) |
Lotus Eye Care Hospital IPO opens on June 12, 2008, and closes on June 20, 2008.
| IPO Open Date | Thu, Jun 12, 2008 |
| IPO Close Date | Fri, Jun 20, 2008 |
| Tentative Listing Date | Fri, Jul 11, 2008 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jun 20, 2008 |
Investors can bid for a minimum of 150 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 150 | ₹5,700 |
| Retail (Max) | 35 | 5,250 | ₹1,99,500 |
| S-HNI (Min) | 36 | 5,400 | ₹2,05,200 |
| S-HNI (Max) | 175 | 26,250 | ₹9,97,500 |
| B-HNI (Min) | 176 | 26,400 | ₹10,03,200 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1997, Lotus Eye Care Hospital Limited is Coimbatore-based eye care hospital chain. Lotus own and operate four eye care hospitals in south India, two at Coimbatore, one at Salem and one at Tirupur.
Lotus eye care's main hospital is built on 1.2 acres of land in prime location at Peelamedu (Coimbatore) in the state of Tamilnadu. This facility is beneficial to the patients of Western and Northern districts in Tamilnadu, Kerala and Karnataka state.
Lotus has entered into Limca book of records for conducting international ophthalmic conference in high seas for the first time in the world.
Lotus sources of income are from outpatient, daycare and inpatient hospital services and retail sales in the pharmacy and optical.
| Particulars | For the year/period ended (Rs. in lacs) | |||||
| 30-Sept-07 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | 31-Mar-04 | 31-Mar-03 | |
| Total Income | 505.10 | 729.90 | 296.90 | 223.44 | 173.59 | 112.76 |
| Profit After Tax (PAT) | 99.08 | 128.68 | 51.94 | -4.27 | 28.17 | -1.35 |
The Company Lotus Eye Care IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (Rs. in crores) |
|---|---|---|
| 1 | To finance expansion of the existing facilities; | |
| 2 | To finance establishing new centers with latest technology | |
| 3 | To meet working capital requirement; | |
| 4 | To meet the expenses of the issue; | |
| 5 | To enable listing of the equity shares of the company on the stock exchanges. |
Lotus Eye Care Hospital Limited IPO - Revised the price band
Posted on 17 June 2008
Book Running Lead Manager to the issue has informed the Exchange that the Book Building issue of LOTUS EYE CARE HOSPITAL LIMITED will close on Jun 20, 2008 instead of the earlier closing day on Jun 17, 2008. Further price band has revised from Rs 38/- to Rs 42/- per share to Rs 36/- to Rs 38/- per share.
| Listing Date | July 11, 2008 |
| BSE Script Code | 532998 |
| NSE Symbol | LOTUSEYE |
| ISIN | INE947I01017 |
| Final Issue Price | ₹38 per share |
| BSE Listing Group | B |
Lotus Eye Care Hospital Ltd.
S.F.No.770/12,
Civil Aerodrome Post,
Avinashi Road, Coimbatore – 641014
Avinashi, Tamil Nadu
Phone: 0422-2626464
Email: lotuseye@eth.net
Website: http://www.lotuseye.org
S.K.D.C.Consultants Ltd.
Phone: 91-422-6549995, 2539835-36
Email: info@skdc-consultants.com
Website: http://www.skdc-consultants.com
Lotus Eye Care Hospital IPO is a main-board IPO of 1,00,00,000 equity shares of the face value of ₹10 aggregating up to ₹38.00 Crores. The issue is priced at ₹38 per share. The minimum order quantity is 150.
The IPO opens on June 12, 2008, and closes on June 20, 2008.
S.K.D.C.Consultants Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Lotus Eye Care Hospital IPO using UPI as a payment gateway. Zerodha customers can apply in Lotus Eye Care Hospital IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Lotus Eye Care Hospital IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Lotus Eye Care Hospital IPO opens on June 12, 2008 and closes on June 20, 2008.
Lotus Eye Care Hospital IPO lot size is 150, and the minimum amount required for application is ₹5,700.
You can apply in Lotus Eye Care Hospital 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 Lotus Eye Care Hospital IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Lotus Eye Care Hospital IPO allotment status.
The Lotus Eye Care Hospital IPO listing date is on Friday, July 11, 2008.
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