The GPT Healthcare date has been confirmed from February 22, 2024 and closes on February 26, 2024.
GPT Healthcare Developers IPO is a fixed price issue of Rs 525.14 crores. The price band is set at ₹177 to ₹186 per share. The minimum lot size for an application is 80 Shares. The minimum amount of investment required by retail investors is ₹14,880. The minimum lot size investment for sNII is 14 lots (1,120 shares), amounting to ₹208,320, and for bNII, it is 68 lots (5,440 shares), amounting to ₹1,011,840.
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Bidding Dates
Feb 22-26
Price Range
₹177 to ₹186 per share
Face Value
₹10 per share
GMP
₹17
GPT Healthcare IPO GMP
The GPT Healthcare IPO GMP is ₹15.
IPO Overview
The GPT Healthcare IPO is a book-built issuance for Rs 525.14 crore. The offering consists of a fresh issue of 0.22 crore shares totaling Rs 40.00 crores and an offer to sell of 2.61 crore shares totaling Rs 485.14 crores. GPT Healthcare’s initial public offering (IPO) will begin on February 22, 2024 and end on February 26, 2024. The allotment for the GPT Healthcare IPO is expected to be completed on Tuesday, February 27, 2024. GPT Healthcare IPO will list on the BSE and NSE, with a tentative listing date of Thursday, February 29, 2024.
The GPT Healthcare IPO price band is from ₹177 to ₹186 per share. The minimum lot size for an application is 80 shares. The minimum investment for retail investors is ₹14,880. The minimum lot size investment for sNII is 14 lots (1,120 shares) for ₹208,320, while for bNII it is 68 lots (5,440 shares) worth ₹1,011,840.
GPT Healthcare IPO Details
| IPO Date | February 22, 2024 to February 26, 2024 |
| Listing Date | [.] |
| 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 |
GPT Healthcare Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 332.09 | 326.76 | 323.22 | 317.21 |
| Revenue | 206.70 | 366.73 | 342.40 | 248.86 |
| Profit After Tax | 23.49 | 39.01 | 41.66 | 21.09 |
| Net Worth | 171.43 | 164.14 | 156.96 | 132.68 |
| Reserves and Surplus | 92.75 | 85.46 | 78.28 | 75.96 |
| Total Borrowing | 55.57 | 64.67 | 95.52 | 122.93 |
| Amount in ₹ Crore | ||||
GPT Healthcare IPO Timeline
| 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 |
Company Profile
GPT Healthcare Limited, founded in 1989, operates a chain of mid-sized, multi-specialty, full-service hospitals in Eastern India under the ILS Hospitals brand, offering integrated healthcare services primarily in secondary and tertiary care. The company, headquartered in Kolkata, West Bengal, provides healthcare services in over 35 specialties and super-specialties, including internal medicine and diabetology, nephrology (including kidney transplant), laparoscopic and general surgery, gynecology and obstetrics, intensive care, gastroenterology, orthopedics and
joint replacement, interventional cardiology, neurology, neurosurgery, pediatrics, and neonatology. It also provides integrated diagnostic services and pharmacies. As of June 30, 2023, the firm manages four multifunctional hospitals with a combined capacity of 561 beds, providing a wide range of healthcare services across over 35 specialties and super-specialties. As of June 30, 2023, the company has 1,855 workers, 85 full-time consultants, and 465 visiting consultants. GPT Healthcare’s hospitals are located in four cities, namely
- Salt Lake, Kolkata (West Bengal) with a capacity of 85 beds, including 17 beds in various ICUs and HDUs (as of June 30, 2023)
- Agartala (Tripura) with a capacity of 205 beds (as of June 30, 2023), including 66 beds in various ICUs and HDUs
- Dum Dum, Kolkata (West Bengal) with a capacity of 155 beds, including 53 beds in various ICUs and HDUs as of June 30, 2023
- Howrah (West Bengal) with a capacity of 116 beds, including 43 beds in various ICUs and HDUs, as of June 30, 2023.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | gpthealthcare.ipo@linkintime.co.in |
| Website | linkintime.co.in |
Contact Details
| Name | GPT Healthcare Limited |
| Phone number | + (91) 33 4050 7000 |
| Email ID | ghl.cosec@gptgroup.co.in |
| Website | gptgroup.co.in |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
