GPT Healthcare - AstroIPO

GPT Healthcare IPO


February 21, 2024 Written By Mihir Gohel, Reviewed and Fact Checked by Harpal Parmar

GPT Healthcare Ltd., a hospital and healthcare services provider, is offering its IPO from February 22-26, 2024. The company aims to raise Rs. 499.73 – 525.14 crore through this public offering.

The price band is set at Rs. 177-186 per share, with a minimum application of 80 shares. The maximum retail subscription is limited to Rs. 5,00,000.

This IPO comprises 282.33 lakh shares with a face value of Rs. 10 each. GPT Healthcare will be listed on both BSE and NSE on February 29, 2024. The IPO presents an opportunity to be part of India’s expanding healthcare sector.

GPT Healthcare IPO Details

IPO Size 525.14
Price Range ₹177 to ₹186
Retail Quota 35%
QIB Quota 50%
NII Quota 15%
Employee Discount --
Listing at NSE and BSE
Minimum Quantity 80
Investment (cut-off price) ₹14,880
Pre IPO Promotor Holding 67.34%
Post IPO Promotor Holding --
DHRP Draft Click Here
RHP Draft Click Here
Anchor Investors List Click Here

GPT Healthcare IPO Timelines

22/02/2024
Start Date
26/02/2024
End Date
27/02/2024
Allotment Date View Status
28/02/2024
Refund Initiation
28/02/2024
Credit of Shares to Demat Ac
29/02/2024
Listing Date

GPT Healthcare IPO Lot Size

Application Lot Size Shares Amount
Retail Minimum 1 80 ₹14,880
Retail Maximum 13 1040 ₹193,440
S-HNI Minimum 14 1120 ₹208,320
B-HNI Minimum 68 5440 ₹1,011,840

GPT Healthcare IPO Subscription Status

QIB NII Retail EMP Total
17.30 x 11.02 x 2.44 x -- 8.52 x

IPO Performance on Listing Day

Opening Price Closing Price Day High Day Low
₹215 ₹200.70 ₹219.90 ₹196.10

GPT Healthcare IPO Company Financials

Year Total Income Total Expense PAT
Retail Minimum 1 80 ₹14,880
Retail Maximum 13 1,040 ₹193,440
S-HNI Minimum 14 1,120 ₹208,320
B-HNI Minimum 68 5,440 ₹1,011,840

About Company

GPT Healthcare Limited is a healthcare player in Eastern India with four mid-sized full-service hospitals in West Bengal and Tripura, offering 561 beds in total. The company offers secondary and tertiary care across 35 specialties under the brand name ILS Hospitals.

GPT Healthcare Ltd. is offerings include intensive care, neurology, nephrology (including kidney transplant), orthopaedics and joint replacement, internal medicine and diabetology, neurosurgery, integrated diagnostic services, gynaecology and obstetrics, laparoscopic and general surgery, gastroenterology, interventional cardiology, paediatrics, neonatology and pharmacy services.

Incorporation Date Sector Managing Director
1989 Healthcare Om Tantia

Know Before Investing

GPT Healthcare IPO Strengths

  • It is a regional corporate healthcare company with a strong foothold in under-penetrated and densely populated healthcare delivery markets.
  • The company has a well-diversified speciality mix and location mix.
  • It has the ability to attract, train and retain quality medical professionals.
  • The company has a consistent track record of operating and financial performance and growth.
  • It has investment in infrastructure, processes and clinical excellence driving affordability, and a strong value proposition for stakeholders.
  • Experienced leaders and professional senior management team.

GPT Healthcare IPO Risks

  • The revenue (70%) is highly dependent on operations from hospitals situated in West Bengal and certain specialities.
  • It faces competition from other healthcare service providers.
  • The Bed Occupancy Rate is lower than some listed peers.
  • The company relies on retaining healthcare professionals.
  • The business is highly dependent on the strength of the brand and reputation.

Swot Analysis for GPT Healthcare IPO

Strengths

Weaknesses

Opportunities

Threats

Contact Details of IXIGO

GPT Healthcare Limited GPT Centre, JC-25, Sector III, Salt Lake, Kolkata – 700106 Phone: + (91) 33 4050 7000 Email: ghl.cosec@gptgroup.co.in Websitehttps://www.gptgroup.co.in/gpt-healthcare/

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Email: gpthealthcare.ipo@linkintime.co.in

Website: https://linkintime.co.in/initial_offer/public-issues.html

Company Details

GPT Healthcare Limited

GPT Centre, JC-25,
Sector III, Salt Lake,
Kolkata – 700106

Phone: + (91) 33 4050 7000

Email: ghl.cosec@gptgroup.co.in

Website: https://www.gptgroup.co.in/gpt-healthcare/

IPO Registar Details

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Email: gpthealthcare.ipo@linkintime.co.in

Website: https://linkintime.co.in/initial_offer/public-issues.html

FAQs

The key objectives of GPT Healthcare IPO are:

  • Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by their Company from banks and financial institutions.

JM Financial Ltd. is the book-running lead managers for the GPT Healthcare IPO.

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