Fortis Healthcare Limited IPO – Gray Market Premium
Fortis Healthcare Limited IPO has opened today and will close on Friday (April 20th)
The IPO isn’t generating much interest in the gray market and is barely getting Rs 5 – Rs 10 premium.
Healthcare is a capital intensive sector and Fortis’s expansion plans may affect it’s profitability in the short-to-medium term. However the stock will be a good long term bet.
Wait and watch is best approach for this IPO.
Investors should apply on the last day and if the IPO is not subscribed more than 2 times , then it would be better to do a “stop-payment” for the application checks.
Keep an eye on “comments” for updated gray market rates.