The present state of Nifty is in a state of consolidation with a downward bias. As a net result the IPO market is under pressure as Goodwill Hospital and Research Centre Ltd has withdrawn a Rs 62 crore initial public offering after poor investor response and same has been amply listed at National stock Exchange website as seen today on their official website.
The issue, which opened on December 30, was for 3.5 million shares priced at between Rs 175 and Rs 185 per share. The institutional portion of the issue comprising 1.77 million shares did not receive a single bid, while non-institutional and retail portions were subscribed 0.02 times and 0.01 times respectively, the website showed.
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