GPT Healthcare IPO subscribed 58% so far on day 2

23 Feb 2024 , 12:12 PM

GPT Healthcare Ltd initiated its Initial Public Offering (IPO) in the Indian primary market, with bidding open until February 26, 2024. Click here to subscribe the IPO.

On Day 2 of the subscription, the retail portion was subscribed 0.96 times, the NII portion was subscribed 0.41 times, and the QIB portion remained unsubscribed.

The mid-sized multi-specialty hospital has set the price band for its public issue at ₹177 to ₹186 per equity share. The IPO is targeted for listing on both the BSE and NSE platforms.

Ahead of the public subscription opening on Thursday, GPT Healthcare secured ₹157.54 crores from anchor investors.

The public offering aims to raise ₹525.14 crores, with ₹40 crore anticipated from the issuance of fresh shares, and the remaining ₹485.14 crore reserved for the offer for sale (OFS).

Bidders can apply in lots, where one lot comprises 80 shares. The tentative date for share allocation is February 27, 2024. The public issue is slated for listing on both the BSE and NSE.

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