The initial public offer (IPO) of Goodwill Hospital and Research Centre has been withdrawn by the promoters, presumably due to poor response from the investors.
The Rs 62-crore IPO had opened for subscription on December 30, 2011 with an issue price of Rs 175-185 a share.
The issue was scheduled to close today and was heavily under-subscribed till January 6, as per the NSE data.
The bids for 22,015 shares were received, against a total of 35,42,857 shares on offer.
Marketmen blamed poor market conditions behind the poor show by the company's issue. SPA Merchant Bankers Ltd was the book running lead manager to the issue.
Goodwill Hospital runs a multi-specialty hospital at Noida.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app