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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.
| 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 Size | 28,233,323 shares (aggregating up to ₹525.14 Cr) |
| Fresh Issue | 2,150,537 shares (aggregating up to ₹40.00 Cr) |
| Offer for Sale | 26,082,786 shares of ₹10 (aggregating up to ₹485.14 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 79,904,286 |
| Share holding post issue | 82,054,823 |
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 Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 8,469,996 (30.00%) | NA |
| QIB Shares Offered | 5,646,665 (20.00%) | NA |
| NII (HNI) Shares Offered | 4,234,999 (15.00%) | |
| bNII > ₹10L | 2,823,333 (10.00%) | 2,520 |
| sNII < ₹10L | 1,411,667 (5.00%) | 1,260 |
| Retail Shares Offered | 9,881,663 (35.00%) | 123,520 |
| Total Shares Offered | 28,233,323 (100%) |
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 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 |
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 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 |
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 |
| Revenue | 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 Rs 1526.22 Cr.
| KPI | Values |
|---|---|
| ROE | 23.59% |
| ROCE | 26.09% |
| Debt/Equity | 0.39 |
| RoNW | 23.77% |
| P/BV | 9.06 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.88 | 0 |
| 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...
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)
| Category | Subscription (times) |
|---|---|
| QIB | 17.30 |
| NII | 11.02 |
| bNII (bids above ₹10L) | 11.98 |
| sNII (bids below ₹10L) | 9.09 |
| Retail | 2.44 |
| Total | 8.52 |
Total Application : 258,361 (2.09 times)
| Listing Date | February 29, 2024 |
| BSE Script Code | 544131 |
| NSE Symbol | GPTHEALTH |
| ISIN | INE486R01017 |
| Final Issue Price | ₹186 per share |
| 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 |
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/
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 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
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.
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