Issue Detail:
Issue Period: Dec 30, 2011 to Jan 09, 2012
Listing on: BSE, NSE
Issue Size: 62.00 crore
Issue Type: 100% Book Building Issue IPO
Issue price: Rs. 175 – Rs. 185
Face Value: Rs.10
Market Lot: 35
Minimum Order Quantity: 35
Rating Agency: CARE
Company Description:
The company was incorporated on June 26, 2000 under the Companies Act,1956 with the Registrar of Companies NCT Delhi & Haryana as Goodwill Hospital & Research Centre Limited.
It is running a multi-speciality hospital at Noida under the name ‘Ojjus Medicare’, with a focus on core areas such as neurology and neuro surgery, cardiology and cardiac surgery and orthopaedics with emphasis on joint replacements and sports injuries.
Objects of the issue:
1. Setting up of Diagnostic Centre at Faridabad;
2. Establishment of six polyclinics;
3. Repayment/Prepayment of Loan facilities;
4. General corporate purposes;and
5. Expenses for the issue.
IPO Grading:
CARE has assigned a ‘CARE IPO Grade 3’ to the proposed IPO of Goodwill Hospital & Research Centre Limited. ‘CARE IPO Grade 5’ indicates ‘Strong Fundamentals’. CARE assigns IPO grades on a scale of Grade 5 to Grade 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.
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