Goodwill Hospital IPO : Files DRHP with SEBI

by khalid on 29/01/2011 · 0 comments

Noida-based Goodwill Hospital And Research Centre Limited has informed the share market (BSE/NSE) that they have planning to enter the capital market with its maiden public issue of —- equity shares of Rs 10 each by diluting 25% stake of the company. The company has filed a Draft Red Herring Prospectus (DRHP) on 21st January 2011 with market regulator Securities and Exchange Board of India (SEBI). The premium to be decided via 100% book building process. The IPO launching date is depend on the market conditions as per company sources. Goodwill Hospital runs a multi speciality hospital of 22 beds in Noida under the brand Ojjus Medicare with core focus areas of neurology and neuro surgery, cardiology and cardiac surgery and orthopeadics with emphasison joint replacements and sports injury. Currently, Ojjus holds entire 100% stake in the company.

The proceeds of the IPO amount would be used by the management to set up a diagonostic centre in Faridabad, to establish 6 polyclinics and to repay loans.

The Equity Shares are proposed to be listed on the Bombay Stock Exchange Limited (BSE) and the National Stock Exchange of India Limited (NSE).

The Sole Book running lead manager to the issue is SPA Merchant Bankers Limited .

Registrar of the Issue : Link Legal

Stay tuned to BelltheBull Blog for more news on Goodwill Hospital IPO !

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