Goodwill Hospital to raise Rs 62 crore through an IPO

Goodwill Hospital and Research Centre Ltd, engaged in running a multi-speciality hospital at Noida has fixed price band of Rs 175 to Rs 185 for its proposed public offer.

The company is entering the capital market with its initial public offer (IPO) of equity share of face value Rs 10 each at a premium aggregating to Rs 62 crore along with one detachable warrant per equity share offered.

The proposed issue is being made through a 100 per cent book building process, a company statement said here. The issue opens on December 30 and closes on January 9.

The company intends to use issue proceeds for setting up of diagnostic centre at Faridabad with an outlay of Rs 16.22 crore, establishment of six polyclinics at a cost of Rs 33.97 crore and repayment of loans of Rs 10 crore.

Goodwill Hospital is running a multi-speciality hospital at Noida under the name 'Ojjus Medicare', with a focus on core areas such as neurology and neuro surgery, cardiology and cardiac surgery and orthopaedics with emphasis on joint replacements and sports injuries.

The company also plans to set up a wellness and cosmetology centre at Gurgaon offering solutions for wellness and aesthetics under one roof, the release said.