Thursday, June 19, 2008

Lotus Eye Care Hospital Extend Its IPO - June 19 , 2008

Lotus Eye Care Hospital has extended the closing date of the initial public offering to June 20, 2008 due to the poor response of the issue from the secondary market. The issue opened on June 12 and was scheduled to close on June 17.

The price band also revised down ward to Rs36-Rs38 per share from Rs38-42 earlier. The company despite of reducing the price band has received the poor response on Wednesday.

The issue received 61,42,800 bids out of which 23,44,950 bids were received at the cut off price. The retail portion was subscribed 0.70 times, qualified institutional buyers portion was subscribed 0.68 times, non institutional investor's portion was subscribed 0.13 times.

The IPO proceeds will be utilized to finance the expansion of existing facilities along with to establish new centers with latest technology and meet working capital requirement.

Keynote Corporate Services is the sole book running lead manager to IPO.

1 comment:

Unknown said...

Do you still use free service like blogspot.com or wordpress.com but
they have less control and less features.
shift to next generation blog service which provide free websites for your blog at free of cost.
get fully controllable (yourname.com)and more features like forums,wiki,CMS and email services for your blog and many more free services.
hundreds reported 300% increase in the blog traffic and revenue
join next generation blogging services at www.hyperwebenable.com
regards
www.hyperwebenable.com