The investigation uncovered payments totaling hundreds of Crores made to doctors by Alkem Laboratories.
The Mohali facility has been under USFDA scrutiny, and corrective actions were directed by the regulator.
A Form-483 with two observations was issued following the examination.
The IPO's price band is set between ₹177 to ₹186 per equity share
For interested investors, the minimum lot size for an application is 535 shares
The mid-sized multi-specialty hospital has set the price band for its public issue at ₹177 to ₹186 per equity share.
The selling shareholders in the OFS included International Finance Corporation, NYLIM Jacob Ballas India Fund III LLC, and Resurgence PE Investments.
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.
Allotment is scheduled for February 27, and listing on NSE and BSE is set for February 29, 2024.
With a price band set at ₹177-186 per share, the IPO is scheduled to close for subscription on February 26.
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