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GPT Healthcare IPO Dates, Price Band, Rating, GMP, Analysis, and Allotment Details 2024

GPT Healthcare IPO

The initial public offering (IPO) of GPT Healthcare will open for subscription on February 22 and close on February 26, comprising fresh issues of Rs.525.14 Cr. An investor can apply for the issue for a minimum of 80 shares and the listing will happen on February 29, 2024. 

#1. Quick Intro to GPT Healthcare   

GPT Healthcare Limited (1989) 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.

Check out the IPO allotment status on IPO Deliver.

#2. IPO Object of GPT Healthcare   

The company intends to use the IPO Funds for the following purposes: 

  1. Repayment/Prepayment/Redemption in full or in part of all or a portion of certain outstanding borrowings availed by our company from banks and financial institutions.
  2. General corporate purposes.

#3. GPT Healthcare Core Strengths 

  1. Key regional corporate healthcare company with a strong foothold in the under-penetrated and densely populated healthcare delivery markets.
  2. Well-diversified specialty mix and location mix.
  3. Ability to attract, train, and retain quality medical professionals.
  4. Track record of operating and financial performance and growth.
  5. Professional management and experienced leadership.
  6. Investment in infrastructure, processes, and clinical excellence driving affordability, and a strong value proposition for stakeholders.
#4. GPT Healthcare IPO Review & Rating
Issue Size  Rs.525.14 Crore
Issue Price  Rs.117 to Rs.186 per share 
Minimum Lot Size 80 Shares
Total Profit (March 2023)  Rs.39.01 Crore
ROE 23.59
ROCE 26.09
Listing on BSE NSE
IPO Deliver Rating THREE

 

#5. GPT Healthcare IPO Dates, Price Band & Details

GPT Healthcare IPO will open on February 21, 2024, and close on February 23, 2024. The IPO is to be listed on February 28, 2024.  

Type of issue Book Built Issue IPO
Issue Size Rs.525.14 Crore
Price Brand Rs.117 to Rs.186 per share
Face Value Rs. 10/- per share
IPO Open Date February 22, 2024
IPO Close Date February 26, 2024
IPO Allotment Date February 27, 2024
Refund Date February 28, 2024
Share Credit Date February 28, 2024
Listing Date February 29, 2024

 

#6. GPT Healthcare IPO Offer Details

GPT Healthcare IPO’s total issue size is 28,233,323 shares, comprising the below-mentioned categories. 

Offer Category Shares Offer Amount (Crore)
Fresh Issue 28,233,323 525.14
Offer for Sale (OFS)

 

#7. GPT Healthcare Financials Overview (Crore)

The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.

Category (Rs.) March 31, 2023 March 31, 2022 March 31, 2021
Total Revenue 366.73 342.40 248.86
Net Worth 164.16 156.96 132.68
Profit 39.01 41.66 21.09
Total Borrowings 64.67 95.52 122.93

 

#8. GPT Healthcare Quantitative Factors 

The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.

Category March 31, 2023 March 31, 2022 March 31, 2021
EPS (Rs.) 4.88 5.21 2.64
RoNW (%) 23.77 26.54 15.90
NAV (Rs.) 20.54

 

#9. GPT Healthcare Comparison with Other Peer Companies (Top 2)

Listed companies in India are comparable in all aspects of the business. 

Company Names Total Revenue 

(Rs. in million)

RoNW (%) NAV (Rs.)
Global Health Limited 26,942.48 13.56 89.65
Krishna Institute of Medical Sciences Limited 21,976.78 20.35 206.47

 

#10. GPT Healthcare Company Promoters 

The company has four promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). 

Sr. No. Name of Promoters
01. GPT Sons Private Limited
02. Dwarika Prasad Tantia 
03. Dr. Om Tantia
04. Shree Gopal Tantia

 

#11. GPT Healthcare Pre-offer and Post-Offer Promoters Shareholding

Promoters Holding Percentage (%)
Pre-issue  67.34
Post-issue

 

#12. GPT Healthcare IPO Reservation Details

GPT Healthcare IPO total reservation shares are distributed between the below-mentioned categories. 

Category Share Offered
Retail Shares Offered 9,881,663 (35.00%)
QIB Shares Offered 5,646,665 (20.00%)
NII (HNI) Shares Offered  4,234,999 (15.00%)
Anchor Investor Shares Offered 8,469,996 (30.00%)
bNII>Rs.10L 2,823,333 (10.00%)
sNII<Rs..10L 1,411,667 (5.00%)
Total Shares Offered 28,233,323 (100%)

 

#13. GPT Healthcare  IPO – Lot Size

An investor can apply for a minimum of 80 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:

Application Lot Size No. of Shares Amount (Rs.)
Retail (Min.) 1 80 14,880
Retail (Max.) 13 1040 193,440
S-HNI (Min.) 14 1,120 208,320
S-HNI (Man.) 67 5,360 996,960
B-HNI (Min.) 68 5,440 1,011,840

 

#14. GPT Healthcare IPO – Prospectus Copy

An investor can download/view the GPT Healthcare prospectus copy, which the company filed to exchange, details are as follows. 

GPT Healthcare IPO Prospectus
Draft Red Herring Prospectus (DRHP)
Red Herring Prospectus (RHP)

 

#15. GPT Healthcare IPO Registrar 

Link Intime India Private Limited

Phone No.: +91-22-8108114949

E-Mail: gpthealthcare.ipo@linkintime.co.in

Website: www.linkintime.co.in

#16. GPT Healthcare IPO Lead Manager

JM Financial Limited

Phone No.: +91-22-66303030

E-Mail: gpt.ipo@jmfl.com

Website: www.jmfl.com

#17. GPT Healthcare IPO Application (How to Apply for an IPO)

There are three primary options for applying for a GPT Healthcare  IPO, details are as follows: 

Option-1 Apply for IPO through Internet Banking

Step-1. Log into your bank account.

Step-2. In the invest Tab, you will see ASBA, click on it.

Step-3. Choose to apply for IPO and select the ongoing IPO “GPT Healthcare Limited”

Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment. 

Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively. 

Option-2 Apply for IPO through a Broker firm

Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)

Step-2. Click on the IPO tab and select the ongoing IPO “GPT Healthcare Limited”

Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.

Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you. 

Option-3 Apply for IPO Offline Mode Bank mode

Step-1. Visit the nearest branch of your bank.

Step-2. Fill out the ASBA form and submit it with KYC details. 

Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you. 

#18. GPT Healthcare Company Details

GPT Healthcare Limited 

Registered Office: GPT Centre, JC-25, Sector III, Salt Lake, Kolkata-700106

Phone No: +91-33-40507000

Email: ghl.cosec@gptgroup.co.in

Website: www.ilshospitals.com

Investor Grievances/Compliance Officer: Ankur Sharma

#19. GPT Healthcare Subsidiary Companies (Top 2)

Sr.No. Name of Companies (Indian)
01.
02.

 

#20. GPT Healthcare Company Board (Top 2)

Sr. No. Name of Directors
01. Dwarika Prasad Tantia
02. Dr. Om Tantia

 

GPT Healthcare  IPO – Frequently Asked Questions (FAQs)

#1. What is a GPT Healthcare IPO?

GPT Healthcare brings its IPO of Rs.525.14 Crore, on February 22, 2024, with a price band of Rs.177 to Rs.186 per share.

 

#2. What is the GPT Healthcare IPO Open date?

GPT Healthcare  IPO’s opening date is February 22, 2024.

 

#3. What is the GPT Healthcare IPO Close Date?

GPT Healthcare  IPO’s closing date is February 26, 2024.

 

#4. What is the GPT Healthcare IPO Listing date?

GPT Healthcare’s IPO listing date is February 29, 2024.

 

#5. What is the GPT Healthcare IPO Minimum investment amount?

GPT Healthcare IPO’s minimum investment amount is Rs. 14,880.

 

#6. What is the GPT Healthcare IPO offer issue Size?

GPT Healthcare offers an issue size of Rs.525.14 Crore.

 

#7. What is the GPT Healthcare IPO Price Band?

GPT Healthcare’s IPO price band is Rs.177 to Rs.186 per share.

 

#8. Is GPT Healthcare IPO mainboard IPO or SME IPO?

GPT Healthcare IPO is a Mainboard IPO.

 

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