Goodwill Hospital and Research Centre Ltd has withdrawn a Rs 62 crore initial public offering after poor investor response, the National Stock Exchange website showed on Monday.

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.

The Sensex shed 24.6% in 2011, and was the worst-performing major equity index.

About $7 billion of Indian public share offerings have been either called off or deferred, according to data from SMC Global, making the country one of the toughest markets for fundraising.

SPA Merchant Bankers Ltd was the manager of the Goodwill issue.

A company official did not immediately return phone call seeking comment.

Goodwill Hospital is a healthcare services provider and has a multi-specialty hospital on the outskirts of New Delhi.

The company had planned to use the issue proceeds to set up a diagnostic centre, establish six polyclinics and repay loans, it said in its prospectus.