After withdrawing its public issue in January 2012, the Operator of multi-specialty hospital - Goodwill Hospital and Research Centre has again filed draft papers with the market regulator Securities Exchange Board of India (SEBI).
The company intends to raise Rs 98 crore from this issue and utilize the proceeds for setting up of Diagnostic Centre at Faridabad; establishment of six polyclinics; re-payment/pre-payment of loan facilities. The book running lead manager is SPA Merchant Bankers.
The operator of 'Ojjus Medicare' in Noida had set price band of Rs 175 to Rs 185 for its 100% book building issue earlier this year. However, dismal response had coerced the promoters to withdraw the issue. The offer which lasted for 6-days, had received subscription of mere 0.01 times from the investor community.
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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