Gpt Healthcare Ipo » National Chronicle

GPT Healthcare IPO Review: Monday is the last day for public subscription of the initial public offering (IPO) of GPT Healthcare Limited. Today is a very important day for the potential subscribers of this IPO.

A substantial subscription rate of 85% was seen in the IPO on Friday, the second day of the IPO, which was launched on Thursday, 22 February. National Stock Exchange data showed that 1,67,51,920 bids were registered against 1,97,63,327 shares in the IPO. In the breakdown, retail individual investors (RIIs) subscribed 1.24 times, non-institutional investors garnered 79% share, and qualified institutional buyers garnered a 19% subscription rate.

GPT Healthcare IPO Review

The IPO of Kolkata-based GPT Healthcare is valued at ₹525 crore. This includes issuance of equity shares amounting to ₹40 crore and also an offer for sale (OFS) of 2.6 crore equity shares by private equity firm Banyantree Growth Capital.

According to a report, Banyantree currently holds 32.64% stake, which is equivalent to 2.6 crore shares. The price band for the IPO has been set at ₹177-186 per share. The funds raised from the IPO will be allocated to repay debt and for general corporate purposes.

Also read: GPT Healthcare IPO Subscription Status: IPO started, buy or not – read full information

GPT Healthcare IPO Review: GPT Healthcare was founded in the year 2000 by Dwarika Prasad Tantia, Om Tantia and Gopal Tantia. The company started with an eight-bed hospital in Kolkata. It now has four multispecialty hospitals with a combined capacity of 561 beds.

GPT Healthcare IPO Review: GPT Healthcare raised ₹157.54 crore from anchor investors in the initial IPO. A day before the public offering, the company allotted 84.7 lakh equity shares to 15 funds at ₹186 per share, which is the highest level of the defined price band.

(Note: This is not an investment advise; this article is just for information.)

GPT Healthcare IPO Subscription Status: GPT Healthcare Limited on Thursday officially launched its Initial Public Offering (IPO) in the Indian market. This IPO will be available for purchase till Monday i.e. 26th February.

The company has fixed the price band of Rs 177 to Rs 186 for its equity shares. Also, GPT Healthcare is preparing for listing on both Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

GPT Healthcare IPO Subscription Status: Even before the IPO was launched in the market, GPT Healthcare has raised funding of Rs 157.54 crore from anchor investors.

Here, as of 10:18 am on the first day of bidding, the book build issue was subscribed 0.03 times, the retail portion was subscribed 0.05 times and the NII was subscribed 0.02 times.

GPT Healthcare IPO Subscription Status and Key Details

GMP (Grey Market Premium): According to market experts, shares of GPT Healthcare are trading in the gray market without any significant premium or discount.

Price Band: The multi-specialty hospital has set the issue price band at Rs 177 to Rs 186 per equity share.

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IPO Date: The IPO, which started today i.e. February 22, will remain open for subscription till February 26, 2024.

IPO size: GPT Healthcare aims to raise Rs 525.14 crore through its IPO, of which Rs 40 crore is expected to come from issuance of new shares and Rs 485.14 crore has been kept reserved for offer for sale (OFS).

Lot Size: The lot size for this IPO will be 80 shares.

Allotment Date: For now the allotment date is fixed for Tuesday, 27th February.

Registrar: Link Intime India Private Limited.

Listing: Proposed for listing on both BSE and NSE.

Listing Date: Following the T+3 listing rule, the IPO is expected to hit the secondary market on February 29, 2024.

GPT Healthcare IPO Subscription Status: Buy or Not

GPT Healthcare IPO Subscription Status: If believe on experts, this is a favorable opportunity to invest in a leading healthcare provider in eastern India. The company’s strategic focus, established presence and diverse healthcare services position it as a one-stop destination for patients’ needs. Operating in densely populated cities, GPT Healthcare exhibits healthy growth potential, catering to diverse economic sectors and increasing market penetration.

GPT Healthcare IPO Subscription Status: Investors are requested that the above article is given for information only. Use your discretion before applying for an IPO.

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