Goodwill Hospital gets approval from SEBI for public issue

MUMBAI: Goodwill Hospital and Research Centre Limited, engaged in running a multi-speciality hospital at Noida under the brand Ojjus Medicare, has received final observation from SEBI for the initial public offer ( IPO) aggregating to Rs 62 crore, a company statement said here.

The equity shares of Goodwill are proposed to be listed on the National Stock Exchange of India and the Bombay Stock Exchange.

The proposed issue is being made through a 100 per cent book building process.

The company intends to use the proceeds of the issue towards setting up a diagnostic centre at Faridabad besides establishment of polyclinics in Noida.

The company proposes to set up a complete diagnostic centre at the hospital being set up by its wholly-owned subsidiary Ojjus Fidelity Healthcare Private Limited.

The company also intends to set up polyclinics for high-end treatment in neuro, cardiac, orthopaedics and minimal invasive surgery, within the radius of 150 km of Noida, the release said.