Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
GPT Healthcare IPO is a book build issue of ₹525.14 crores. The issue is a combination of fresh issue of 0.22 crore shares aggregating to ₹40.00 crores and offer for sale of 2.61 crore shares aggregating to ₹485.14 crores.
GPT Healthcare IPO bidding started from Feb 22, 2024 and ended on Feb 26, 2024. The allotment for GPT Healthcare IPO was finalized on Feb 27, 2024. The shares got listed on BSE, NSE on Feb 29, 2024.
GPT Healthcare IPO price band is set at ₹186.00 per share . The lot size for an application is 80. The minimum amount of investment required by an retail is ₹14,160 (80 shares). The lot size investment for sNII is 14 lots (1,120 shares), amounting to ₹2,08,320, and for bNII, it is 68 lots (5,440 shares), amounting to ₹10,11,840.
JM Financial Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to GPT Healthcare IPO RHP for detailed Information.
| IPO Date | February 22, 2024 to February 26, 2024 |
| Listing Date | February 29, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹177 to ₹186 per share |
| Issue Price Final | ₹186 per share |
| Lot Size | 80 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 2,82,33,323 shares (aggregating up to ₹525.14 Cr) |
| Fresh Issue | 21,50,537 shares (aggregating up to ₹40.00 Cr) |
| Offer for Sale | 2,60,82,786 shares of ₹10 (aggregating up to ₹485.14 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 7,99,04,286 shares |
| Share Holding Post Issue | 8,20,54,823 shares |
GPT Healthcare IPO offers total 2,82,33,323 shares. Out of which 1,41,16,660 (50.00%) allocated to QIB, 56,46,664 (20.00%) allocated to QIB, 42,34,999 (15.00%) allocated to NII, 98,81,664 (35.00%) allocated to RII and 84,69,996 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,41,16,660 (50.00%) | NA |
| − Anchor Investor Shares Offered | 84,69,996 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 56,46,664 (20.00%) | NA |
| NII (HNI) Shares Offered | 42,34,999 (15.00%) | NA |
| − bNII > ₹10L | 28,23,332 (10.00%) | 2,520 |
| − sNII < ₹10L | 14,11,667 (5.00%) | 1,260 |
| Retail Shares Offered | 98,81,664 (35.00%) | 1,23,520 |
| Total Shares Offered | 2,82,33,323 (100.00%) |
GPT Healthcare IPO raises ₹157.54 crore from anchor investors. GPT Healthcare IPO Anchor bid date is February 21, 2024. GPT Healthcare IPO Anchor Investors list
| Bid Date | February 21, 2024 |
| Shares Offered | 84,69,996 |
| Anchor Portion Size (In Cr.) | 157.54 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 28, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 27, 2024 |
GPT Healthcare IPO opens on February 22, 2024, and closes on February 26, 2024.
| IPO Open Date | Thu, Feb 22, 2024 |
| IPO Close Date | Mon, Feb 26, 2024 |
| Tentative Allotment | Tue, Feb 27, 2024 |
| Initiation of Refunds | Wed, Feb 28, 2024 |
| Credit of Shares to Demat | Wed, Feb 28, 2024 |
| Tentative Listing Date | Thu, Feb 29, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Feb 26, 2024 |
Investors can bid for a minimum of 80 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 80 | ₹14,880 |
| Retail (Max) | 13 | 1,040 | ₹1,93,440 |
| S-HNI (Min) | 14 | 1,120 | ₹2,08,320 |
| S-HNI (Max) | 67 | 5,360 | ₹9,96,960 |
| B-HNI (Min) | 68 | 5,440 | ₹10,11,840 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1989, GPT Healthcare Limited operates a chain of mid-sized, multi-specialty, full-service hospitals in Eastern India under the ILS Hospitals brand, providing integrated healthcare services focusing on secondary and tertiary care.
Based in Kolkata, West Bengal, the company offers a range of healthcare services in over 35 specialties and super-specialties, including internal medicine and diabetology, nephrology (including kidney transplant), laparoscopic and general surgery, gynaecology and obstetrics, intensive care, gastroenterology, orthopaedics and joint replacement, interventional cardiology, neurology, neurosurgery, paediatrics, and neonatology. It also offers integrated diagnostic services and pharmacies.
GPT Healthcare's hospitals are located in four cities, namely
As at June 30, 2023, the company operates four multidisciplinary hospitals with a total capacity of 561 beds, offering a comprehensive range of healthcare services in over 35 specialties and super-specialties.
As at June 30, 2023, the company had 1,855 employees, 85 full-time consultants, and 465 visiting consultants.
GPT Healthcare Limited's revenue increased by 7.11% and profit after tax (PAT) dropped by -6.37% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 332.09 | 326.76 | 323.22 | 317.21 |
| Total Income | 206.70 | 366.73 | 342.40 | 248.86 |
| Profit After Tax | 23.49 | 39.01 | 41.66 | 21.09 |
| Net Worth | 171.43 | 164.14 | 156.96 | 132.68 |
| Reserves and Surplus | 92.75 | 85.46 | 78.28 | 75.96 |
| Total Borrowing | 55.57 | 64.67 | 95.52 | 122.93 |
| Amount in ₹ Crore | ||||
The market capitalization of GPT Healthcare IPO is ₹1526.22 Cr.
| KPI | Values |
|---|---|
| ROE | 23.59% |
| ROCE | 26.09% |
| Debt/Equity | 0.39 |
| RoNW | 23.77% |
| Price to Book Value | 9.06 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 4.88 | 0.00 |
| P/E (x) | 38.1 | 32.49 |
The company proposes to utilize the Net Proceeds towards funding the following objects:
[Dilip Davda] The company is in the healthcare related service provider in eastern region. It posted growth in its top line but marked inconsistency in its bottom lines, particularly it posted lower net for FY23. Based on FY24 super earnings, the issue appears fully priced. Well-informed investors may consider parking of moderate funds for the medium term in this dividend paying company. Read detail review...
| Listing Date | February 29, 2024 |
| BSE Script Code | 544131 |
| NSE Symbol | GPTHEALTH |
| ISIN | INE486R01017 |
| Final Issue Price | ₹186 per share |
| BSE Listing Group | B |
GPT Healthcare Ltd.
GPT Centre, JC-25,
Sector III,
Salt Lake,
Kolkata, West Bengal, 700106
Phone: + (91) 33 4050 7000
Email: ghl.cosec@gptgroup.co.in
Website: https://www.gptgroup.co.in
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: gpthealthcare.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
GPT Healthcare IPO is a main-board IPO of 2,82,33,323 equity shares of the face value of ₹10 aggregating up to ₹525.14 Crores. The issue is priced at ₹186 per share. The minimum order quantity is 80.
The IPO opens on February 22, 2024, and closes on February 26, 2024.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in GPT Healthcare IPO using UPI as a payment gateway. Zerodha customers can apply in GPT Healthcare IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in GPT Healthcare IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The GPT Healthcare IPO opens on February 22, 2024 and closes on February 26, 2024.
GPT Healthcare IPO lot size is 80, and the minimum amount required for application is ₹14,880.
You can apply in GPT Healthcare IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for GPT Healthcare IPO will be done on Tuesday, February 27, 2024, and the allotted shares will be credited to your demat account by Wednesday, February 28, 2024. Check the GPT Healthcare IPO allotment status.
The GPT Healthcare IPO listing date is on Thursday, February 29, 2024.
Useful Articles
RHP