Goodwill Hospital's IPO To Hit Capital Market On Dec 30 (30-Dec-2011)
Goodwill Hospital and Research Centre operating under name of 'Ojjus Medicare' in Noida is planning to raise Rs 62 crore through initial public offering (IPO). The issue, affirmed with CARE IPO grade 3 by rating agency CARE, opens on December 30, 2011 and closes on January 09, 2012. The company has set price band of Rs 175 to Rs 185 for this 100% book building issue. SPA Merchant Bankers is the book running lead manager and BEETAL Financial & Computer Services is the registrar to the issue.
Goodwill Hospital intends to utilize issue proceeds for setting up of Diagnostic Centre at Faridabad; establishment of six polyclinics; re-payment/pre-payment of loan facilities.
Goodwill Hospital is engaged in running a multi-specialty hospital named Ojjus Medicare with super specialty focus on areas such as Neurology and Neuro surgery, Cardiology and Cardiac surgery and Orthopedics with emphasis on Joint Replacements and Sports injuries. Incorporated in year 2000, the hospital also offers services in area of minimally invasive surgeries, mother and child care, pediatrics, diagnostic, critical care medicine, oncology etc. The hospital admeasuring 1,999 sq. meters with constructed area of approximately 50,000 sq. ft. is owned by the company.
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