Business Standard

Goodwill Hospital withdraws IPO on poor demand

Related News

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to the issue has informed the exchange that the book building issue of Goodwill Hospital and Research Centre has been withdrawn,” according to a notice on the webiste.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.

Read more on:   
|
|
|
|
|

Read More

FIIs net buy Rs 624 cr, DIIs net sell Rs 241 cr

Foreign institutional investors (FIIs) were net buyers of Rs 624.10  crore (provisional) today, according to data released by BSE.

Quick Links

 

Market News

Karnataka sugar mills unlikely to meet Nov 30 deadline on payment of arrears

A majority of the mills, say their owners, are deep in debt and, hence, are unable to borrow any fresh money from banks or financial

Today's picks- 27 November 2014

Nifty, Bank Nifty, BHEL, HCL Technologies & Hindustan Unilever

Sebi to allow partly paid shares to foreign investors

According to sources, while the investment by foreign investors in public issues and rights issues would be eased, the rules around preferential ...

Akash Prakash: Debunking two worries

Are India stocks over-owned? And are they too expensive?

Street seeks clarity on coal block auctions

Analysts believe total cost of production at Rs 1,000/tonne reasonable for power firms

Back to Top