GPT Healthcare IPO Price: ₹177 to ₹186
IPO Date Range: Feb 22, 2024 - Feb 26, 2024
Established in 1989, GPT Healthcare Limited manages a network of mid-sized, multi-specialty, full-service hospitals in Eastern India, proudly recognized under the ILS Hospitals brand. Our commitment lies in delivering comprehensive healthcare services with a primary focus on secondary and tertiary care.
Situated in Kolkata, West Bengal, our company provides an extensive array of healthcare services spanning more than 35 specialties and super-specialties. These encompass internal medicine, diabetology, nephrology (inclusive of kidney transplant), laparoscopic and general surgery, gynaecology and obstetrics, intensive care, gastroenterology, orthopaedics and joint replacement, interventional cardiology, neurology, neurosurgery, paediatrics, and neonatology. Additionally, we deliver integrated diagnostic services and house pharmacies for comprehensive care.
GPT Healthcare has established hospitals in four places:
As of June 30, 2023, the company operates four multidisciplinary hospitals with a collective capacity of 561 beds, delivering a comprehensive range of healthcare services across more than 35 specialties and super-specialties.
| IPO Date | February 22, 2024 to February 26, 2024 |
| Listing Date | Thursday, February 29, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹177 to ₹186 per share |
| Lot Size | 80 shares |
| Total Issue Size | 28,233,323 shares (aggregating up to ₹525.14 Cr) |
| Fresh Issue | 2,150,537 shares (aggregating up to ₹40.00 Cr) |
| Offer For Sale | 26,082,786 shares of ₹10 (aggregating up to ₹485.14 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 79,904,286 |
| Share holding post issue | 82,054,823 |
Bidders have the opportunity to bid for a minimum of 80 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 80 | ₹14,880 |
| Retail (Max) | 13 | 1040 | ₹193,440 |
| S-HNI (Min) | 14 | 1120 | ₹208,320 |
| S-HNI (Max) | 67 | 5360 | ₹996,960 |
| B-HNI (Min) | 68 | 5440 | ₹1,011,840 |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| IPO Open Date | Thursday, February 22, 2024 |
| IPO Close Date | Monday, February 26, 2024 |
| Basis of Allotment | Tuesday, February 27, 2024 |
| Initiation of Refunds | Wednesday, February 28, 2024 |
| Credit of Shares to Demat | Wednesday, February 28, 2024 |
| Listing Date | Thursday, February 29, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 26, 2024 |
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GPT Healthcare Limited experienced a 7.11% growth in revenue, while the profit after tax (PAT) witnessed a decrease of -6.37% during the financial year ending on March 31, 2023, compared to March 31, 2022.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Assets | 317.21 | 323.22 | 326.76 | 332.09 |
| Revenue | 248.86 | 342.40 | 366.73 | 206.70 |
| Profit After Tax | 21.09 | 41.66 | 39.01 | 23.49 |
| Net Worth | 132.68 | 156.96 | 164.14 | 171.43 |
| Reserves & Surplus | 75.96 | 78.28 | 85.46 | 92.75 |
| Total Borrowing | 122.93 | 95.52 | 64.67 | 55.57 |
| KPI | Values |
|---|---|
| Market Cap (Rs Cr) | 1526.22 |
| P/E (x) | 38.1 |
| ROE | 23.59 |
| ROCE | 26.09 |
| Debt/ Equity | 0.39 |
| EPS | 4.88 |
| RoNW | 23.77% |
Allocating the Net Proceeds is intended to serve the following purposes:
Prospectus: Official documents that provide detailed information about the IPO and the company. GPT Healthcare DRHP and GPT Healthcare RHP.
An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.
Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.
The price range for the"GPT Healthcare Limited" IPO is ₹177 to ₹186 per share.
The "GPT Healthcare Limited" IPO is expected to be listed on Thursday, 29 February 2024.
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