Lotus Eye Care Hospital IPO Note

June 11, 2008

Price Band: Rs. 38 - 42 per share
Issue open between: June 12 - June 17, 2008
Book Running Lead Managers: Keynote Corporate Services Ltd.
To List on: NSE and BSE
Market Cap post-listing: Rs. 87 Cr. or $20 million (based on the cap price)

Executive Summary

Lotus Eye Care Hospital Ltd. (LECHL) is a leading super-speciality eye care company with eye care hospitals and clinics at locations in South India. It has a network of 4 hospitals, out of which 2 are based Coimbatore, and one each in Salem and Tirupur.

Top line and bottom line grew @ 177.6% and 147.7% respectively in FY07 on y-o-y basis. It has reported EBITDA margins of 39.7% in FY07.

Indian health care sector is valued at $34bn and is projected to be $40bn by 2012. Healthcare accounts for approx. 6% of the GDP and is focused on by both the government and the private sector.

Read more here

http://www.stockmarketsreview.com/ipoindia/lotus_eye_care_hospital_ipo_note_20080611/

Posted in IPO