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.
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges and
1. To meet the cost of development and construction of a new hospital owned by OBPL, a subsidiary of the Company;
2. To Refinance of funds availed for the acquisition of Escorts Heart Institute Research Centre Limited; and
3. To prepay some our short term loans.
»» Issue Open: Apr 16, 2007 - Apr 20, 2007
»» Issue Type: Book Built Issue IPO
»» Issue Size: 45,996,439 Equity Shares of Rs 10 aggregating up to Rs 496.76 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 92 - Rs 110 Per Equity Share
»» Market Lot: 60 Shares
»» Minimum Order Quantity: 60 Shares
»» Listing At: BSE, NSE
|Number of Times Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved|
|Day 1 - Apr 16, 2007 17:00 IST||0.2503||0.0271||0.0391||0.1600|
|Day 2 - Apr 17, 2007 17:00 IST||1.1051||0.0412||0.1412||0.7100|
|Day 3 - Apr 18, 2007 17:00 IST||1.1052||0.0682||0.2608||0.7500|
|Day 4 - Apr 19, 2007 17:00 IST||1.7521||0.0870||0.5555||1.2300|
|Day 5 - Apr 20, 2007 17:00 IST||2.7239||1.7391||3.2546||2.7800|
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