Wockhardt Hospitals IPO to be open till Feb 7

The initial public offering (IPO) of Wockhardt Hospitals has been extended by two days - till February 7.

Bids from institutional investors are close to zero, and the response in retail and employees category are also poor, said a official from an investment bank working as the book running lead manager to the issue.

The issue of 25 million shares of Rs 10 each, which opened for subscription on January 31, was scheduled to close today.

The initial price band for bidding was Rs 280-310 per share, which was revised downward to Rs 225-260 per share.