Bookbuilding IPO | ₹525 Cr | Listed at BSE, NSE | Thu, Feb 22, 2024 - Mon, Feb 26, 2024
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 per share. The lot size for an application is 80. The minimum amount of investment required by an retail is ₹14,880 (80 shares) (based on upper price). 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 Open
Thu, Feb 22, 2024
IPO Close
Mon, Feb 26, 2024
Issue Price
₹186 per share
Market Cap (Pre-IPO)
₹1,526.22 Cr
| IPO Date | 22 to 26 Feb, 2024 |
| Listed on | Thu, Feb 29, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹177 to ₹186 |
| Issue Price | ₹186 per share |
| Lot Size | 80 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,82,33,323 shares (agg. up to ₹525 Cr) |
| Fresh Issue | 21,50,537 shares (agg. up to ₹40 Cr) |
| Offer for Sale | 2,60,82,786 shares of ₹10 (agg. up to ₹485 Cr) |
| Share Holding Pre Issue | 7,99,04,286 shares |
| Share Holding Post Issue | 8,20,54,823 shares |
| BSE Script Code / NSE Symbol | 544131 / GPTHEALTH |
| ISIN | INE486R01017 |
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 (Ex- Anchor), 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 | Max 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%) |
Investors can bid for a minimum of 80 shares and in multiples thereof.
| 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 |
GPT Healthcare IPO raises ₹157.54 crore from anchor investors. GPT Healthcare IPO Anchor bid date is February 21, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Feb 21, 2024 |
| Shares Offered | 84,69,996 |
| Anchor Portion (₹ Cr.) | 157.54 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Mar 28, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, May 27, 2024 |
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.
| 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 Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company from banks and financialinstitutions | 30.00 |
| 2 | General corporate purpose | 7.52 |
| KPI | |
|---|---|
| ROE | 23.59% |
| ROCE | 26.09% |
| Debt/Equity | 0.39 |
| RoNW | 23.77% |
| PAT Margin | 10.64% |
| Price to Book Value | 9.06 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.88 | 0.00 |
| P/E (x) | 38.1 | 32.49 |
| Promoter Holding | 67.34% | |
| Market Cap | ₹1,526.22 Cr. |
The GPT Healthcare IPO is subscribed 8.52 times on February 26, 2024 6:20:00 PM (Day 3). The public issue subscribed 2.44 times in the retail category, 17.3 times in the QIB category, and 11.02 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 17.3 | 56,46,665 | 9,76,84,000 |
| NII | 11.02 | 42,34,999 | 4,66,54,160 |
| bNII (bids above ₹10L) | 11.98 | 28,23,333 | 3,38,18,720 |
| sNII (bids below ₹10L) | 9.09 | 14,11,667 | 1,28,35,440 |
| Retail | 2.44 | 98,81,663 | 2,40,89,440 |
| Total | 8.52 | 1,97,63,327 | 16,84,27,600 |
Total Application : 2,58,361
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLM | 1.55 |
| 2 | Fees payable to Registrar | 0.09 |
| 3 | Commission/processing fee for SCSBs, Sponsor Bank (for Bids made by Retail Individual Bidders using UPI) and Bankers to the Offer. Brokerage, underwriting commission and selling commission and bidding charges for Members | 1.60 |
| 4 | Listing fees, SEBI filing fees, upload fees, BSE & NSE processing fees, book building software fees, other regulatory expenses | 1.99 |
| 5 | Printing and stationery expenses | 1.86 |
| 6 | Advertising and marketing expenses for the Offer | 6.61 |
| 7 | Fees for the legal counsel appointed for the purpose of the Offer | 2.45 |
| 8 | Fees for CRISIL Research appointed for the purpose of the Offer | 0.17 |
| 9 | Fees for the Statutory Auditor appointed for the purpose of the Offer | 0.18 |
| 10 | Miscellaneous | 2.11 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹186.00 | ₹186.00 |
| Open | ₹216.15 | ₹215.00 |
| Low | ₹196.10 | ₹196.10 |
| High | ₹219.70 | ₹219.90 |
| Last Trade | ₹200.75 | ₹200.70 |
Lead Manager Reports
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 Crores. The issue is priced at ₹186 per share. The minimum order quantity is 80.
The IPO opens on Thu, Feb 22, 2024, and closes on Mon, Feb 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 Thu, Feb 22, 2024 and closes on Mon, Feb 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 Wed, Feb 28, 2024. Check the GPT Healthcare IPO allotment status.
The GPT Healthcare IPO listing date is on Thu, Feb 29, 2024.
