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GPT Healthcare Limited IPO (GPT Healthcare IPO) Detail

February 22, 2024 - February 26, 2024

GPT Healthcare IPO is a book built issue of Rs 525.14 crores. The issue is a combination of fresh issue of 0.22 crore shares aggregating to Rs 40.00 crores and offer for sale of 2.61 crore shares aggregating to Rs 485.14 crores.

GPT Healthcare IPO bidding started from February 22, 2024 and ended on February 26, 2024. The allotment for GPT Healthcare IPO was finalized on Tuesday, February 27, 2024. The shares got listed on BSE, NSE on February 29, 2024.

GPT Healthcare IPO price band is set at ₹177 to ₹186 per share. The minimum lot size for an application is 80 Shares. The minimum amount of investment required by retail investors is ₹14,880. The minimum lot size investment for sNII is 14 lots (1,120 shares), amounting to ₹208,320, and for bNII, it is 68 lots (5,440 shares), amounting to ₹1,011,840.

Jm Financial Limited is the book running lead manager of the GPT Healthcare IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to GPT Healthcare IPO RHP for detailed information.

GPT Healthcare IPO Details

IPO Date February 22, 2024 to February 26, 2024
Listing Date February 29, 2024
Face Value ₹10 per share
Price Band ₹177 to ₹186 per share
Lot Size 80 Shares
Total Issue Size28,233,323 shares
(aggregating up to ₹525.14 Cr)
Fresh Issue2,150,537 shares
(aggregating up to ₹40.00 Cr)
Offer for Sale26,082,786 shares of ₹10
(aggregating up to ₹485.14 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue79,904,286
Share holding post issue82,054,823

GPT Healthcare IPO Reservation

GPT Healthcare IPO offers 28,233,323 shares. 5,646,665 (20.00%) to QIB, 4,234,999 (15.00%) to NII, 9,881,663 (35.00%) to RII and 8,469,996 (30.00%) to Anchor investors. 123,520 RIIs will receive minimum 80 shares and 1,260 (sNII) and 2,520 (bNII) will receive minimum 1,120 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered8,469,996 (30.00%)NA
QIB Shares Offered5,646,665 (20.00%)NA
NII (HNI) Shares Offered4,234,999 (15.00%)
  bNII > ₹10L2,823,333 (10.00%)2,520
  sNII < ₹10L1,411,667 (5.00%)1,260
Retail Shares Offered9,881,663 (35.00%)123,520
Total Shares Offered28,233,323 (100%)

GPT Healthcare IPO Anchor Investors Details

GPT Healthcare IPO raises Rs 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 8,469,996
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 Timeline (Tentative Schedule)

GPT Healthcare IPO opens on February 22, 2024, and closes on February 26, 2024.

IPO Open Date Thursday, February 22, 2024
IPO Close Date Monday, February 26, 2024
Basis of Allotment Tuesday, February 27, 2024
Initiation of Refunds Wednesday, February 28, 2024
Credit of Shares to Demat Wednesday, February 28, 2024
Listing Date Thursday, February 29, 2024
Cut-off time for UPI mandate confirmation 5 PM on February 26, 2024

GPT Healthcare IPO Lot Size

Investors can bid for a minimum of 80 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 80 ₹14,880
Retail (Max) 13 1040 ₹193,440
S-HNI (Min) 14 1,120 ₹208,320
S-HNI (Max) 67 5,360 ₹996,960
B-HNI (Min) 68 5,440 ₹1,011,840
Lot Size Calculator

GPT Healthcare IPO Promoter Holding

GPT Sons Private Limited, Dwarika Prasad Tantia, Dr. Om Tantia, and Shree Gopal Tantia are the promoters of the company.

Share Holding Pre Issue 67.34%
Share Holding Post Issue

About GPT Healthcare Limited

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

  • Salt Lake, Kolkata (West Bengal) with a capacity of 85 beds, including 17 beds in various ICUs and HDUs (as of June 30, 2023)
  • Agartala (Tripura) with a capacity of 205 beds (as of June 30, 2023), including 66 beds in various ICUs and HDUs
  • Dum Dum, Kolkata (West Bengal) with a capacity of 155 beds, including 53 beds in various ICUs and HDUs as of June 30, 2023
  • Howrah (West Bengal) with a capacity of 116 beds, including 43 beds in various ICUs and HDUs, as of June 30, 2023.

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 Financial Information (Restated Consolidated)

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 Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets332.09326.76323.22317.21
Revenue206.70366.73342.40248.86
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

Key Performance Indicator

The market capitalization of GPT Healthcare IPO is Rs 1526.22 Cr.

KPI Values
ROE23.59%
ROCE26.09%
Debt/Equity0.39
RoNW23.77%
P/BV9.06
Pre IPO Post IPO
EPS (Rs) 4.880
P/E (x) 38.132.49
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2023 that is available in RHP.

Objects of the Issue (GPT Healthcare IPO Objectives)

The company proposes to utilize the Net Proceeds towards funding the following objects:

  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 financial institutions; and
  2. General corporate purposes.

GPT Healthcare IPO Review (May apply)

[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...


GPT Healthcare IPO Subscription Status (Bidding Detail)

The GPT Healthcare IPO is subscribed 8.52 times on February 26, 2024 6:20:00 PM. The public issue subscribed 2.44 times in the retail category, 17.30 times in the QIB category, and 11.02 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB17.30
NII11.02
    bNII (bids above ₹10L)11.98
    sNII (bids below ₹10L)9.09
Retail2.44
Total8.52

Total Application : 258,361 (2.09 times)

GPT Healthcare IPO Prospectus

GPT Healthcare IPO Rating

11
3.4
Rating:Rated 3.4 stars
Vote Here ...

GPT Healthcare IPO Listing Details

Listing Date February 29, 2024
BSE Script Code 544131
NSE Symbol GPTHEALTH
ISIN INE486R01017
Final Issue Price ₹186 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹186.00
₹216.15
₹196.10
₹219.70
₹200.75
NSE
₹186.00
₹215.00
₹196.10
₹219.90
₹200.70

Check IPO Performance…

GPT Healthcare Limited Contact 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/

GPT Healthcare IPO Registrar

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

GPT Healthcare IPO - Buy or Not

GPT Healthcare IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 6 1 0
Members 1 1 0

Read All Reviews Post Your Review Manage Reviews

GPT Healthcare IPO FAQs

GPT Healthcare IPO is a main-board IPO of 28,233,323 equity shares of the face value of ₹10 aggregating up to ₹525.14 Crores. The issue is priced at ₹177 to ₹186 per share. The minimum order quantity is 80 Shares.

The IPO opens on February 22, 2024, and closes on February 26, 2024.

Link Intime India Private 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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'GPT Healthcare IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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 Shares, and the minimum amount required is ₹14,880.

You can apply in GPT Healthcare IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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 February 29, 2024.
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GPT Healthcare IPO Message Board

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943 Comments

358. DNM |   Link |  Bookmark |March 19, 2024 5:46:48 PM (200+ Posts)
results out and seems ok and announced 1rs Dividend
357. Ssingla |   Link |  Bookmark |March 19, 2024 12:33:52 PM
what should we do...exit or hold.. please reply
356. Agrawal S |   Link |  Bookmark |March 18, 2024 11:18:00 AM
IPO Mentor IPO Mentor (1200+ Posts, 300+ Likes)
Added today@146. Reversal on cards
356.5. Ipo is coming |   Link |  Bookmark |March 18, 2024 7:51:07 PM (300+ Posts)
​ @Agrawal S I also have avg very less quantity... My holding price around 175 so can you suggest me what to do? And what you think about the result after result can it give me a up move
356.6. Agrawal S |   Link |  Bookmark |March 20, 2024 6:31:32 PM
IPO Mentor IPO Mentor (1200+ Posts, 300+ Likes)
@Ipo is coming I have personally fully booked @ 182. As my look out was for short term. 186 can act as weak level as many might want to exit at IPO Issue price if not booked earlier. I will surely keep this in my radar for next few weeks for any up move.
355. Ipo is coming |   Link |  Bookmark |March 13, 2024 10:56:39 PM (300+ Posts)
Yes @newgen consultancy  Sir please advice me your view currently in a big loss and i am adding in lower levels to average should I keep averaging
354. MAMU |   Link |  Bookmark |March 12, 2024 5:03:53 PM
IPO Guru IPO Guru (1900+ Posts, 1200+ Likes)
Mufti Way 🤔
353. Ipo is coming |   Link |  Bookmark |March 12, 2024 1:35:26 PM (300+ Posts)
What is the reason behind of 12% fall?
352. Mahesh mahi |   Link |  Bookmark |March 12, 2024 12:28:26 PM
respected seniors..
any suggestion on this stock.. its bleeding...
352.1. Aligarh.Kk |   Link |  Bookmark |March 12, 2024 12:42:51 PM
Saare senior yahan se gayab ho gaye hain....NO ONE HERE FOR SUGGESTION
352.2. Lucky Mohit |   Link |  Bookmark |March 12, 2024 12:43:10 PM
Down 12 percent already. All the hospital stocks are down. Looks like some game is going on.
351. arunARUN |   Link |  Bookmark |March 11, 2024 8:07:09 PM
IPO Guru IPO Guru (2000+ Posts, 1700+ Likes)
They are supposed to declare Q3 results within 21 days of listing date. As listing was on 29th Feb you may have to wait for it
351.1. Ipo is coming |   Link |  Bookmark |March 11, 2024 10:06:20 PM (300+ Posts)
Company will declare Q3 result and dividend (if any) on 19th of March 2024
So let's hope for the best result
350. DGGuj |   Link |  Bookmark |March 6, 2024 10:12:10 AM
Hi all IPO Gurus..
Till the date 77% sellers and only 22% buyers.. what is the reason for such heavy selling. Is there any chance of increase or should book loss?
Please throw light so that the actual fact we can see.. Thanks..
350.1. Lucky Mohit |   Link |  Bookmark |March 6, 2024 7:53:03 PM
You got retail or bhni allotment. If bhni then you should have sold for listing gains. If retail then it's just 15000 rs capital. It might double or triple in few years. If it goes down then i doubt you will loose entire 15000rs. It will be like max 30 percentage down from listing
349. Vidyarthi |   Link |  Bookmark |March 6, 2024 6:51:35 PM
Sold all
348. Ipo is coming |   Link |  Bookmark |March 5, 2024 2:26:02 PM (300+ Posts)
Today a good recovery shown from 170 level now one key factor will be the financial result of December quarter and if result is good then we can see 200+ level
348.1. G profit |   Link |  Bookmark |March 9, 2024 5:06:20 AM
IPO Mentor IPO Mentor (1200+ Posts, 300+ Likes)
The results would be good , I guess
348.2. harit |   Link |  Bookmark |March 10, 2024 10:54:59 AM
Q3 results timeline?
347. RDS |   Link |  Bookmark |March 5, 2024 10:42:19 AM
what should be the strategy now as the price is already down by 6-7% around 174 now ?
346. Jana |   Link |  Bookmark |March 5, 2024 10:40:24 AM
Where it will stop...
It is still falling
345. DNM |   Link |  Bookmark |March 2, 2024 5:48:17 PM (200+ Posts)
@CoolAsh  Yes ,profit Good more than 14cr. You can mar 23 debt to sept 23 which 9cr reduced.Further IPO money will reduce debt too
345.1. DGGuj |   Link |  Bookmark |March 4, 2024 12:23:55 PM
Can you please share the latest Next target at which we can book profit? Or should Hold for better returns as I am holding 2 retail lots.. thanks.
344. CoolAsh |   Link |  Bookmark |March 2, 2024 1:14:58 PM
Top Contributor Top Contributor (700+ Posts, 100+ Likes)
I think we can also expect Dec qtr results any time now. Profits close to our in excess of 14 crore will bring cheer to investors
343. G profit |   Link |  Bookmark |March 1, 2024 9:49:43 AM
IPO Mentor IPO Mentor (1200+ Posts, 300+ Likes)
Any reasons for some hospital stocks like GPT and Yatharth falling today?
343.5. Nothing New |   Link |  Bookmark |March 1, 2024 10:59:22 AM
Top Contributor Top Contributor (800+ Posts, 200+ Likes)
@ipo share  True that! But the fact that Nomura bought in the first place (during offering) goes to show tha they saw this as a value proposition. But the SC directive cast a shadow and compelled everyone to sell.
343.6. Rakcyt |   Link |  Bookmark |March 1, 2024 4:28:38 PM
IPO Guru IPO Guru (1300+ Posts, 1300+ Likes)
There is meeting scheduled for trow to discuss the issue , they are studying Australian model of parity in rates ....let's see what is the outcome . One thing is sure that they will have to comply with SC order , but knowing GOI they will definitely find some way out and may opt for the middle path and save thriving industry with medical tourism at peak. They wouldn't leave it in lurch else they will have to shed out more on health out of budget . If for some reason they bring it close to Govt hospitals for some treatment , on flip side look at the volume / turnover scaling new heights . Either way in long term it will change the way hops operates but pave the way for newer avenues. Hope so !!
342. Alpesh Jain AA |   Link |  Bookmark |March 1, 2024 2:15:25 PM
hello
@Alpesh Jain A 
mesage
341. Kamal want to learn share market |   Link |  Bookmark |March 1, 2024 10:46:46 AM
Kaha Gaye woh log jo keh rahe the 200 se niche add more....ab buy Karo toh upar aaye bhailog...bola tha hospital apka pura test karega ..ab hold karo bhaiyo 2 3 months...
341.2. Ssingla |   Link |  Bookmark |March 1, 2024 12:47:08 PM
then what should we do now...hold or sale
341.3. Ipo is coming |   Link |  Bookmark |March 1, 2024 1:10:52 PM (300+ Posts)
Addded more quantity at 187.. and holding 1 retail lot
340. CA Anurag |   Link |  Bookmark |March 1, 2024 9:28:06 AM
Now below issue price
340.1. DGGuj |   Link |  Bookmark |March 1, 2024 10:46:07 AM
Hi Sir,
What should be the future? Any chance for gain as holdin 2 lots in retail?
Please advice. Thanks.
340.2. CA Anurag |   Link |  Bookmark |March 1, 2024 1:04:17 PM
@DGGuj No one can predict the future.
If you are looking for exit near listing price then you should exit now because we can see more down from here.
But if you have long term views then you can hold it for sure.
339. Kamal want to learn share market |   Link |  Bookmark |March 1, 2024 12:49:26 PM
Bhaii hold karo jaise apko thoda profit dikhe slowly niklo hold kar sakte ho toh 3 to 6 month karo ..it's on ur holding capacity.