GPT Healthcare is scheduled to hit the market on February 22, 2024 and close on February 26, 2024. GPT Healthcare plans to raise around ₹525.14 Cr through an IPO with a sale of up to 28,233,323 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%
Established in 1989, GPT Healthcare Limited manages a series of medium-sized, multi-specialty, full-service hospitals in Eastern India known as ILS Hospitals. These hospitals offer integrated healthcare services focusing on secondary and tertiary care, with a wide array of services across over 35 specialties and super-specialties such as internal medicine, diabetology, nephrology, surgery, gynaecology, intensive care, cardiology, neurology, paediatrics, and more. Alongside healthcare services, integrated diagnostic facilities and pharmacies are also available to patients.
Headquartered in Kolkata, West Bengal, GPT Healthcare's hospitals are located in four cities, namely Salt Lake and Dum Dum in Kolkata (West Bengal), Agartala (Tripura), and Howrah (West Bengal). These hospitals collectively provide a total capacity of 561 beds and employ 1,855 individuals, including 85 full-time consultants and 465 visiting consultants as of June 30, 2023.
GPT Healthcare IPO Details
GPT Healthcare IPO opens on Feb 22, 2024, and closes on Feb 26, 2024. The Listing date for GPT Healthcare IPO is on Feb 29, 2024. The price band for IPO is ₹177 to ₹186 per share and lot size of 80 Shares.
| IPO Date | Feb 22, 2024 to Feb 26, 2024 |
| Listing Date | Feb 29, 2024 |
| Price | ₹177 to ₹186 per share |
| Lot Size | 80 Shares |
| Issue Size | ₹525.14 Cr |
| Face Value | ₹10 per share |
GPT Healthcare IPO Tentative Timetable
GPT Healthcare opening date is February 22, 2024 and close date is February 26, 2024. The IPO allotment date is February 27, 2024. The refund initiation of IPO is on February 28, 2024. The credit of shares in demat account is on February 28, 2024. The listing date is on February 29, 2024.
| Event | Date |
|---|---|
| IPO Opening | Feb 22, 2024 |
| IPO Closing | Feb 26, 2024 |
| IPO Allotment Date | Feb 27, 2024 |
| Refund Initiation | Feb 28, 2024 |
| Shares Credit to Demat | Feb 28, 2024 |
| Lisiting Date | Feb 29, 2024 |
GPT Healthcare IPO Lot Size
Lot Size of this IPO is 80 shares. A retail-individual investor can apply for up to 13 lots (1040 shares or ₹193,440).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 80 | ₹14,880 |
| Retail(Maximum) | 13 | 1040 | ₹193,440 |
| S-HNI (Minimum) | 14 | 1,120 | ₹208,320 |
| B-HNI (Minimum) | 68 | 5,440 | ₹1,011,840 |
GPT Healthcare IPO Promoter Holding
| Pre Issue Share Holding | 67.34% |
| Post Issue Share Holding | % |
GPT Healthcare IPO Review
GPT Healthcare Limited's upcoming Initial Public Offering (IPO) presents an exciting opportunity for investors looking to capitalize on the company's growth prospects. The planned utilization of net proceeds to repay outstanding borrowings and for general corporate purposes demonstrates a strategic approach towards enhancing financial stability and fueling future expansion. Despite a slight decline in profit after tax in the previous financial year, GPT Healthcare's consistent revenue growth and strong key performance indicators such as ROE of 23.59% and ROCE of 26.09% highlight its solid financial foundation, making it an appealing investment option in the healthcare sector.
Investors intrigued by the GPT Healthcare IPO should consider the company's impressive Debt/Equity ratio of 0.39 and RoNW of 23.77%, indicating efficient management of resources and sustainable growth potential. The company's objectives post IPO, particularly focusing on debt repayment and general corporate purposes, underscore a clear vision for utilizing funds strategically to fortify its market position and drive further expansion initiatives. With an EPS of Rs 4.88 post IPO, GPT Healthcare Limited emerges as a compelling prospect for those seeking to invest in a healthcare entity with a strong financial track record and promising growth trajectory.
As investors evaluate the potential of GPT Healthcare Limited's IPO, it is essential to conduct thorough due diligence and seek advice from financial experts to make informed investment decisions. The company's commitment to financial prudence, coupled with its robust key performance indicators and clear utilization objectives, positions it as a noteworthy player in the healthcare industry. By delving deeper into the specifics of the IPO and understanding the implications of its financial metrics, investors can assess the viability of investing in GPT Healthcare Limited and potentially benefit from its anticipated growth and value creation opportunities.
GPT Healthcare IPO Subscription Status (Bidding Details)
Table not foundGPT Healthcare IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
GPT Healthcare IPO FAQs
What is GPT Healthcare IPO?
GPT Healthcare is issuing 28,233,323 equity shares with a face value of ₹10 each, totaling up to ₹525.14 Cr. The shares are being offered at a price of ₹177 to ₹186 each, with a minimum order quantity of 80 shares.
Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When GPT Healthcare IPO will open?
GPT Healthcare will open on February 22, 2024 for QIB, NII, and Retail Investors.
When GPT Healthcare IPO will end?
GPT Healthcare will end on February 26, 2024.
What is GPT Healthcare IPO Size?
GPT Healthcare IPO size is ₹525.14 Cr.
What is GPT Healthcare IPO Price Band?
GPT Healthcare price band is ₹177 to ₹186 per share.
What is the GPT Healthcare IPO Allotment Date?
GPT Healthcare allotment date is February 27, 2024.
What is the GPT Healthcare IPO Listing Date?
GPT Healthcare listing date is February 29, 2024. The IPO is to be listed on BSE and NSE.
How to GPT Healthcare IPO through Zerodha?
To apply for the IPO “GPT Healthcare” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply GPT Healthcare IPO through Upstox?
To apply for the IPO “GPT Healthcare” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check GPT Healthcare IPO Allotment Status?
For GPT Healthcare IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is GPT Healthcare IPO GMP?
You can check out here: GPT Healthcare IPO GMP