The initial public offer (IPO) of Goodwill Hospital and Research Centre has been withdrawn by the promoters, presumably due to poor response from the investors.
The Rs 62-crore IPO had opened for subscription on December 30, 2011 with an issue price of Rs 175-185 a share.
The issue was scheduled to close today and was heavily under-subscribed till January 6, as per the NSE data.
The bids for 22,015 shares were received, against a total of 35,42,857 shares on offer.
Marketmen blamed poor market conditions behind the poor show by the company's issue. SPA Merchant Bankers Ltd was the book running lead manager to the issue.
Goodwill Hospital runs a multi-specialty hospital at Noida.
