Business Standard

Goodwill Hospital withdraws IPO on poor demand

BS Reporter  |  Mumbai 

and Research Centre on Monday withdrew its Rs 62 crore initial public offer (IPO) after from inve-stors, becoming the first victim of a tough primary market in this year.

The company’s issue, which opened for subscription on December 30, was scheduled to close on Monday. The price band for the was Rs 175-184 a share.

As of January 6, Goodwill Hospital’s issue was subsribed just one per cent, according to data available on the National Stock Exchange (NSE) website.

“The Book Running Lead Manager (BRLM) to the issue has informed the exchange that the book building issue of Goodwill Hospital and Research Centre has been withdrawn,” according to a notice on the webiste.

Ltd was the to the issue.

Goodwill Hospital runs a multi-speciality hospital at Noida called Ojjus Medicare and also provides healthcare services.

Tough market conditions resulted in cancelation of 28 IPOs worth Rs 32,000 crore in 2011.

RECOMMENDED FOR YOU

Goodwill Hospital withdraws IPO on poor demand

Goodwill Hospital and Research Centre on Monday withdrew its Rs 62 crore initial public offer (IPO) after poor demand from inve-stors, becoming the first victim of a tough primary market in this year.

and Research Centre on Monday withdrew its Rs 62 crore initial public offer (IPO) after from inve-stors, becoming the first victim of a tough primary market in this year.

The company’s issue, which opened for subscription on December 30, was scheduled to close on Monday. The price band for the was Rs 175-184 a share.

As of January 6, Goodwill Hospital’s issue was subsribed just one per cent, according to data available on the National Stock Exchange (NSE) website.

“The Book Running Lead Manager (BRLM) to the issue has informed the exchange that the book building issue of Goodwill Hospital and Research Centre has been withdrawn,” according to a notice on the webiste.

Ltd was the to the issue.

Goodwill Hospital runs a multi-speciality hospital at Noida called Ojjus Medicare and also provides healthcare services.

Tough market conditions resulted in cancelation of 28 IPOs worth Rs 32,000 crore in 2011.

image

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

Widgets Magazine

More News

STOCK WATCH

Company Price() Chg(%)
Apollo Tyres 149.50 10.70
Bank of Maha 31.85 8.70
Ricoh India 581.25 8.39
KSK Energy Ven. 46.30 6.44
CEAT 948.50 4.68
> More on BSE Gainers
Company Price() Chg(%)
Apollo Tyres 149.55 10.70
KSK Energy Ven. 46.10 6.84
CEAT 948.45 4.48
Reliance Infra. 441.90 4.38
ALSTOM India 643.80 3.80
> More on NSE Gainers
Company Price() Chg(%)
Ashiana Housing 127.05 -15.05
Central Bank 54.20 -12.37
Eros Intl.Media 179.05 -10.07
Allahabad Bank 46.10 -9.61
Suzlon Energy 13.70 -9.57
> More on BSE Gainers
Company Price() Chg(%)
Central Bank 53.95 -12.56
Eros Intl.Media 178.60 -10.68
Visagar Polytex 45.90 -10.00
Suzlon Energy 13.60 -9.93
Allahabad Bank 46.05 -9.79
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price