Goodwill Hospital and Research Centre today, 9 January 2012, said it has withdrawn its initial public offer (IPO) because of poor response from investors. The IPO had garnered bids for just 22,015 shares by 6 January 2012 as against 35.42 lakh shares on offer. The IPO which opened for bidding on 30 December 2011 was scheduled for closure today, 9 January 2012. The price band for the IPO was Rs 175-185 per share.
As of 6 January 2012, no bids were put in by qualified institutional buyers (QIBs) while retail investors had put in bids for 12,285 shares and non-institutional investors had bid for 9,730 shares.
Goodwill Hospital and Research Centre is the wholly-owned subsidiary of Ojjus Medicare Private. The company has a multi specialty hospital at Noida under the name Ojjus Medicare with focus on neurology and neuro surgery, cardiology and cardiac surgery and orthopedics with emphasis on joint replacements and sports injuries.