Wockhardt Hospitals IPO Subscription Cancelled
February 9, 2008
Wockhardt Hospitals IPO has been cancelled due to poor investor response for the IPO. There is a view among analysts that the Wockhardt Hospitals IPOÂ was extremely overpriced since the promoters and investment banks managing the Wockhardt IPO became over confident after looking at the heavy oversubscription that the Future Capital IPO and the Reliance Power IPO managed to generate. But the market sentiments changed within a couple of days due to which Wockhardt Hospitals IPO fell victim. Wockhardt Hospitals IPO Refund will be made withing 15 days to all investors who had applied in the IPO.
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