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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.
Fortis Healthcare IPO Date | Apr 16, 2007 to Apr 20, 2007 |
Fortis Healthcare IPO Face Value | ₹10 per share |
Fortis Healthcare IPO Price | ₹92 to ₹110 per share |
Fortis Healthcare IPO Lot Size | 60 Shares |
Issue Size | 45,996,439 shares of ₹10 (aggregating up to ₹496.76 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
The Fortis Healthcare IPO lot size is 60 shares. A retail-individual investor can apply for up to 30 lots (1800 shares or ₹198,000).
Application | Lots | Shares | Amount |
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Minimum | 1 | 60 | ₹6,600 |
Maximum | 30 | 1800 | ₹198,000 |
The Fortis Healthcare IPO is subscribed 2.78 times on Apr 20, 2007 5:00:00 PM. 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) |
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Listing Date | Wednesday, May 9, 2007 |
BSE Script Code | 532843 |
NSE Symbol | FORTIS |
Listing In | B1 Group of Securities |
ISIN | INE061F01013 |
IPO Price | ₹108 per share |
Face Value | ₹10 per share |
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Fortis Healthcare Ltd
Piccadily House, 275- 276,
4th Floor, Captain Gaur Marg,
Srinivas Puri, New Delhi 110 065, India
Phone: +91 11 4229 5222
Email: fortisipo@fortishealthcare.com
Website: http://www.fortishealthcare.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: fhlipo@intimespectrum.com
Website: https://linkintime.co.in/
Fortis Healthcare IPO is a main-board IPO of 45,996,439 equity shares of the face value of ₹10 aggregating up to ₹496.76 Crores. The issue is priced at ₹92 to ₹110 per share. The minimum order quantity is 60 Shares.
The IPO opens on Apr 16, 2007, and closes on Apr 20, 2007.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Fortis Healthcare IPO opens on Apr 16, 2007 and closes on Apr 20, 2007.
Fortis Healthcare IPO lot size is 60 Shares and the minimum order quantity is .
You can apply in Fortis Healthcare IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, 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.
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