GPT Healthcare IPO Allotment; Check Status, Link, Listing date

27 Feb 2024 , 09:43 AM

GPT Healthcare is expected to finalize the basis of allotment for its recent public issue on Tuesday, February 27. IPO bidders should anticipate receiving messages, alerts, or emails regarding the debit of funds or revocation of IPO mandates by Wednesday, February 28. The multi-specialty hospital chain, based in Eastern India, received a respectable response to its IPO.

Investors who applied for the IPO can check their allotment status on the BSE website or on the website of the IPO registrar, Link Intime India. To access the subscription status, investors will need to provide their application number and PAN details.

During the three-day bidding process, the issue was oversubscribed by 8.52 times overall, driven by buying interest from qualified institutional bidders (QIBs) and non-institutional investors (NIIs), whose quotas were subscribed 17.30 times and 11.02 times, respectively. The quota reserved for retail investors was subscribed 2.44 times.

Established in 1989 and headquartered in Kolkata, GPT Healthcare operates a chain of mid-sized, multi-specialty, full-service hospitals in Eastern India under the ILS Hospitals brand. These hospitals provide integrated healthcare services with a focus on secondary and tertiary care. The company operates four hospitals, with two located in Kolkata, one in Howrah, and one in Agartala, Tripura.

JM Financial serves as the sole book-running lead manager for the GPT Healthcare IPO.

Shares of the company are scheduled to be listed on both the BSE and NSE on Thursday, February 29.