GPT Healthcare IPO vs Popular Vehicles IPO

Comparison between GPT Healthcare IPO and Popular Vehicles IPO.

IPO Details

GPT Healthcare IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Popular Vehicles IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of GPT Healthcare IPO is up to ₹525.14 Cr whereas the issue size of the Popular Vehicles IPO is up to ₹601.55 Cr. The final issue price of GPT Healthcare IPO is ₹186.00 per share and of Popular Vehicles IPO is ₹295.00 per share.

 GPT Healthcare IPOPopular Vehicles IPO
Face Value₹10 per share₹2 per share
Issue Price (Lower)₹177.00 per share₹280.00 per share
Issue Price (Upper)₹186.00 per share₹295.00 per share
Issue Price (Final)₹186.00 per share₹295.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹28.00 per share
Market Lot Size80 shares50 shares
Fresh Issue Size21,50,537 shares84,76,753 shares
Fresh Issue Size (Amount)up to ₹40.00 Crup to ₹250.04 Cr
OFS Issue Size2,60,82,786 shares1,19,17,075 shares
OFS Issue Size (Amount)up to ₹485.14 Crup to ₹351.52 Cr
Issue Size Total2,82,33,323 shares2,03,93,828 shares
Issue Size Total (Amount)up to ₹525.14 Crup to ₹601.55 Cr

IPO Timetable

GPT Healthcare IPO opens on Feb 22, 2024, while Popular Vehicles IPO opens on Mar 12, 2024. The closing date of GPT Healthcare IPO and Popular Vehicles IPO is Feb 26, 2024, and Mar 14, 2024, respectively.

 GPT Healthcare IPOPopular Vehicles IPO
Anchor Bid DateFeb 21, 2024Mar 11, 2024
Issue OpenFeb 22, 2024Mar 12, 2024
Issue CloseFeb 26, 2024Mar 14, 2024
Basis Of Allotment (Tentative)Feb 27, 2024Mar 15, 2024
Initiation of Refunds (Tentative)Feb 28, 2024Mar 18, 2024
Credit of Share (Tentative)Feb 28, 2024Mar 18, 2024
Listing date (Tentative)Feb 29, 2024Mar 19, 2024
Anchor Lockin End date 1Mar 28, 2024Apr 14, 2024
Anchor Lockin End date 2May 27, 2024Jun 13, 2024

Financials & KPIs

GPT Healthcare IPO P/E ratio is 38.1, as compared to Popular Vehicles IPO P/E ratio of 28.88.

 GPT Healthcare IPOPopular Vehicles IPO
Financials

Company Financials (Restated Consolidated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets332.09326.76323.22317.21
Total Income206.70366.73342.40248.86
Profit After Tax23.4939.0141.6621.09
NET Worth171.43164.14156.96132.68
Reserves and Surplus92.7585.4678.2875.96
Total Borrowing55.5764.6795.52122.93
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,941.781,503.781,263.291,118.94
Total Income2,848.214,892.633,484.202,919.25
Profit After Tax40.0464.0733.6732.46
NET Worth384.21343.04279.89246.00
Reserves and Surplus371.67330.50267.34233.46
Total Borrowing764.61505.01371.91353.04
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)67.3469.45
Promoter Shareholding (Post-Issue)61.17
P/E Ratio38.128.88
Market Cap₹1526.22 Cr.₹2100.28 Cr.
ROE23.59%10.42%
ROCE26.09%8.83%
Debt/Equity0.391.99
EPS₹4.88₹10.22
RoNW23.77%10.42%

Shares Offered

In the GPT Healthcare IPO Retail Individual Investors (RII) are offered 98,81,664 shares while in Popular Vehicles IPO retail investors are offered 98,81,664 shares. Qualified Institutional Buyers (QIB) are offered 56,46,664 shares in GPT Healthcare IPO and 40,71,550 shares in Popular Vehicles IPO.

 GPT Healthcare IPOPopular Vehicles IPO
Anchor Investor Reservation84,69,996 shares61,07,325 shares
Market Maker Reservation
QIB56,46,664 shares40,71,550 shares
NII42,34,999 shares30,53,663 shares
RII98,81,664 shares71,25,214 shares
Employee37,453 shares
Others
Total2,82,33,323 shares2,03,95,205 shares

Bids Received (Subscription)

GPT Healthcare IPO subscribed 8.52x in total, whereas Popular Vehicles IPO subscribed 1.25x.

 GPT Healthcare IPOPopular Vehicles IPO
QIB (times)17.30x1.92x
NII (times)11.02x0.67x
Big NII (times)11.98x0.67x
Small NII (times)9.09x0.68x
RII (times)2.44x1.07x
Employee (times)8.04x
Other (times)
Total (times)8.52x1.25x

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