GPT Healthcare Limited IPO: An Overview and Corporate Insight
Established in 1989, GPT Healthcare Limited operates under the brand name ILS Hospitals, managing a network of mid-sized, multi-specialty hospitals primarily situated in Eastern India. Headquartered in Kolkata, West Bengal, the company specializes in delivering comprehensive healthcare services with a focus on secondary and tertiary care.
The hospital chain provides a wide array of medical services across more than 35 specialties and super-specialties. These include internal medicine, diabetology, nephrology (including kidney transplant procedures), laparoscopic and general surgery, gynaecology and obstetrics, intensive care, gastroenterology, orthopaedics and joint replacement, interventional cardiology, neurology, neurosurgery, paediatrics, and neonatology. Additionally, the company offers integrated diagnostic services and operates pharmacies within its facilities.
Grey Market Premium Analysis and IPO Timelines – GPT Healthcare IPO
The GMP has not started yet.
Pricing Details and Lot Size – GPT Healthcare Limited IPO
The price band for GPT Healthcare IPO is ₹177 to ₹186 per share.
Book Running Lead Managers and Registrar – GPT Healthcare Limited IPO
JM Financial is the sole Book Running Lead Manager (BRLM) to the issue while Link Intime India is the Registrar.
Offer for Sale and IPO Size Breakdown – GPT Healthcare Limited IPO
GPT Healthcare is offering an Initial Public Offering (IPO) as a book-built issue worth Rs 525.14 crores. The IPO consists of a fresh issue of 0.22 crore shares amounting to Rs 40.00 crores and an offer for sale of 2.61 crore shares totaling Rs 485.14 crores.
IPO Price Band and Lot Size –GPT Healthcare Limited IPO
The price band for the GPT Healthcare IPO is set at ₹177 to ₹186 per share. The minimum lot size for an application is 80 shares, requiring a minimum investment of ₹14,880 for retail investors. For sNII (non-institutional investors), the minimum lot size investment is 14 lots (1,120 shares), totaling ₹208,320, while for bNII (qualified institutional buyers), it is 68 lots (5,440 shares), amounting to ₹1,011,840.
IPO Timelines at a Glance – GPT Healthcare Limited IPO
| Event | Date |
| IPO Opening Date | February 22,2024 |
| IPO Closing Date | February 26, 2024 |
| IPO Allotment Date | February 27, 2024 |
| Initiation of Refunds | February 28, 2024 |
| Credit of Shares to Demat | February 28, 2024 |
| IPO Listing Date | February 29, 2024 |
Utilisation of Fresh Issuance and Technological Advancements – GPT Healthcare Limited IPO
The company intends to utilize the Net Proceeds for the following purposes:
– Repayment or prepayment, either fully or partially, of specific outstanding borrowings obtained from banks and financial institutions.
– Meeting general corporate requirements
Frequently Asked Questions (FAQ) – GPT Healthcare Limited IPO
Q. What does GPT Healthcare Limited Ltd. specialise in?
A. Established in 1989, GPT Healthcare Limited operates under the brand name ILS Hospitals, managing a network of mid-sized, multi-specialty hospitals primarily situated in Eastern India.
Q. What is the primary purpose of GPT Healthcare Limited’s IPO?
A. The primary purpose is repayment/pre-payment of existing loan.
Q. Who are the lead managers for GPT Healthcare Limited’s IPO?
A. JM Financial is the sole Book Running Lead Manager (BRLM) to the issue.
Q. How is the IPO structured in terms of new issuance and offer for sale (OFS)?
A. GPT Healthcare is offering an Initial Public Offering (IPO) as a book-built issue worth Rs 525.14 crores. The IPO consists of a fresh issue of 0.22 crore shares amounting to Rs 40.00 crores and an offer for sale of 2.61 crore shares totaling Rs 485.14 crores.
Q. What is the lot size and minimum investment for retail investors in GPT Healthcare Limited IPO?
A. The minimum lot size for an application is 80 shares, requiring a minimum investment of ₹14,880 for retail investors.
Q. What is the price band for GPT Healthcare Limited IPO?
A. The price band for GPT Healthcare IPO is ₹177 to ₹186 per share.
Q. How has the Grey Market Premium (GMP) trended for GPT Healthcare Limited IPO?
A. The GMP has not started yet.
Q. When does the IPO open and close for subscription?
A. GPT Healthcare IPO will open for subscription on February 22 and close on February 26.
Q. When is the allotment date for GPT Healthcare Limited IPO?
A. The finalisation of the basis of allotment for GPT Healthcare IPO will be done on February 27 2024, and the allotted shares will be credited to investors’ demat accounts by February 28.
Q. When is GPT Healthcare Limited expected to be listed on the stock exchanges?
A. The equity shares of GPT Healthcare are proposed to be listed on February 29 ,2024, on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
