Goodwill Hospital and Research Centre, a company engaged in running a multi specialty hospital at Noida is planning to enter capital market with a public issue of Rs 620mn on December 30, 2011.
Reports stated that the issue will close on January 9, 2012.The company has fixed price band of Rs175-185 per equity share.
The book running lead manager to the issue is SPA Merchant Bankers Ltd. Beetal Financial & Computer Services Pvt Ltd is the registrar, reports added.
Goodwill Hospital and Research Centre Limited is running a multi-specialty hospital at Noida under the name “Ojjus Medicare”, with a super specialty focus on core areas such as Neurology and Neuro surgery, Cardiology and Cardiac surgery and orthopedics with emphasis on joint replacements and sports injuries.
The Company is amongst few private center in south and south east Asia to install Perfexion Gamma Knife. Lekesll Perfexion Gamma Knife machine is the 5th generation machine, which uses robotic technology to deliver precise radiation to intracranial and cervical spine lesions and to treat functional disorders. They also provide healthcare services in area of minimally invasive surgeries, Mother & Child Care, pediatrics, diagnostic, critical care medicine, oncology, gynecology and obstetrics, nephrology, dermatology, gastroenterology, and dental and eye care.
The company also plans to set up a wellness and cosmetology centre at Gurgaon offering solutions for wellness and aesthetics under one roof.
The Company intends to use the proceeds of the Issue towards setting up of a Diagnostic Centre at Faridabad and establishment of Six (6) Polyclinics. The Company proposes to set up a complete Diagnostic Centre at a cost of approx 1621.67 lakhs at the hospital being set up by its wholly owned subsidiary, Ojjus Fidelity Healthcare Private Limited (Ojjus Fidelity). Ojjus Fidelity is in the process of setting up a 700 bed hospital with super specialty for Oncology & rehabilitation at a cost of 22700 lakhs. In order to expand reach of its super specialty services & network, the Company also intends to set up Six Polyclinics in Tier II cities within a radius of 150 km of Noida.