GPT Healthcare, a mid-sized multispecialty hospital chain, has garnered ₹157.54 Crore from various anchor investors on February 21, ahead of its upcoming initial public offering.
The IPO is set to open for subscription on February 22 and will conclude on February 26. The company disclosed that it has allocated 84,69,996 equity shares to anchor investors at ₹186 per share.
Prominent foreign and domestic institutional investors participated in the anchor book, including Societe Generale, Kotak Mutual Fund, Axis Mutual Fund, Bandhan Duro One Investments, Copthall Mauritius, Kotak Mutual Fund, Aditya Birla Life Insurance, LC Pharos Multi Strategy Fund, and DE Shaw Valence International.
GPT Healthcare specified that out of the total allocation, 38,09,760 equity shares were allocated to three domestic mutual funds across seven schemes, amounting to ₹70.86 Crore.
The IPO comprises a combination of fresh issue of equity shares worth ₹40 Crore and an offer-for-sale (OFS) of up to 2.6 Crore equity shares by investor private equity fund Banyan Tree, which will divest its stake in the company post issue.
The price band for the ₹525.14 Crore offer has been set at ₹177 – ₹186 per equity share.
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