GPT Healthcare IPO Subscription latest status

19 Mar 2024 , 10:34 AM

The price range for the GPT Healthcare initial public offering (IPO) is ₹177 to ₹186 per equity share, with a face value of ₹10. Eighty equity shares make up a GPT IPO lot, and additional lots of eighty equity shares are available.

The IPO of GPT Healthcare on Thursday, February 22nd, raised ₹157.54 Crores from anchor investors. The exchanges were informed by the company that it had allotted 84,69,996 equity shares at a price of ₹186 each.

Under the ‘ILS Hospitals’ brand, GPT Healthcare Ltd. manages a network of mid-sized full-service hospitals that offer integrated healthcare services, with an emphasis on secondary and tertiary care.

While revenue increased by 7.11%, GPT Healthcare Limited’s profit after tax (PAT) decreased by -6.37% between March 31, 2022, and March 31, 2023.

The ₹525.14 Crore GPT Healthcare IPO consists of an offer-for-sale (OFS) of 26,082,786 equity shares of ₹10, totaling ₹485.14 Crore, made by the investor selling shareholder, BanyanTree Growth Capital II, LLC, and a new issue of ₹40 Crore.

The firm plans to use the net proceeds to achieve the following purposes: general corporate objectives; repayment of some of its outstanding debts from banks and financial institutions, either fully or partially.

JM Financial Limited is the book running lead manager for the GPT Healthcare IPO, while Link Intime India Private Ltd. is the issue registrar.

The subscription period for the GPT Healthcare IPO began on Thursday, February 22, and it ends on Monday, February 26. 37% of subscribers to the GPT Healthcare IPO were active on the first day. At 123% of the issue’s retail portion was oversubscribed, 79% of it was booked for non-institutional investors (NIIs), and 19% of the qualified institutional buyer (QIB) portion was subscribed.

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