Apex Ecotech Limited IPO...
20 Nov 2024
GPT Healthcare Limited IPO
GPT Healthcare Ltd. (GHL) is one of the key regional corporate healthcare companies in Eastern India in terms of number of beds and hospitals as of Fiscal Year 2023. It operates a chain of mid-sized full service hospitals under the brand and provides integrated healthcare services, with a focus on secondary and tertiary care. As of September 30, 2023, GHL operates four multispecialty hospitals in Dum Dum, Salt Lake and Howrah in West Bengal and Agartala in Tripura with a total capacity of 561 beds. It offers a comprehensive range of healthcare services across over 35 specialties and super specialties, including internal medicine and diabetology, nephrology (including renal transplants), laparoscopic and general surgery, gynecology and obstetrics, critical care, gastroenterology, orthopedics and joint replacements, interventional cardiology, neurology, neurosurgery, pediatrics, and neonatology.
Each of its hospitals also provides integrated diagnostic services and pharmacies that cater to patients. 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 price band is set at ₹177 to ₹186 per share. The minimum lot size for an application is 80 Shares. 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.
GPT Healthcare IPO Overview
| Detail | Description |
|---|---|
| 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 Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| 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 Healthcar IPO Lot Size
| 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 |
GPT Healthcare IPO Reservation
| 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 Promoter Holding
| Share Holding Pre Issue | 67.34% |
| Share Holding Post Issue |
GPT Healthcare IPO Anchor Investors Details
| 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 |
Company & Financials
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, gynecology and obstetrics, intensive care, gastroenterology, orthopedics and joint replacement, interventional cardiology, neurology, neurosurgery, pediatrics, 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.
GPT Healthcare Limited Financial Information
| 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 | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| 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 |
Objectives of GPT Healthcare IPO
The company proposes to utilize the Net Proceeds towards funding the following objectives:
- 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.
- 2. General corporate purposes.
GPT Healthcare IPO Review
The company is a healthcare related service provider in the 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 moderate funds for the medium term in this dividend paying company.
FAQs for GPT Healthcare IPO
-
What Is The Size Of The GPT Healthcare IPO?
GPT Healthcare IPO consists of a fresh issue of shares worth INR 40 crores and an offer to sell 2.60 crore existing equity shares. The company seeks funds for loan repayment, prepayment, and general corporate funding purposes.
-
What Is The Price Band Of The GPT Healthcare IPO?
The price band of the shares issued by the company is INR 177 to 186 per share.
-
When will the GPT Healthcare Ltd IPO be allotted?
The basis of allotment will be finalized on Tuesday, February 27, 2024. The shares will be credited to the demat accounts on Wednesday, February 28, 2024.
-
When will GPT Healthcare Ltd IPO open for subscription?
The IPO subscription window is from February 22, 2024, to February 26, 2024.
-
What minimum lot size can retail investors subscribe to?
The lot size for the IPO will be 80 shares per lot.
-
When will GPT Healthcare Ltd list on exchanges?
GPT Healthcare Ltd will be listed on the NSE and BSE on Thursday, February 29, 2024.
GPT Healthcare IPO Subscription 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
RHP:
RHP of GPT Healthcare Limited IPO
DRHP:
DRHP of GPT Healthcare Limited IPO
Anchor Investor Link:
Anchor Investor Link of GPT Healthcare Limited IPO
-
What Is The Size Of The GPT Healthcare IPO?
GPT Healthcare IPO consists of a fresh issue of shares worth INR 40 crores and an offer to sell 2.60 crore existing equity shares. The company seeks funds for loan repayment, prepayment, and general corporate funding purposes.
-
What Is The Price Band Of The GPT Healthcare IPO?
The price band of the shares issued by the company is INR 177 to 186 per share.
-
When will the GPT Healthcare Ltd IPO be allotted?
The basis of allotment will be finalized on Tuesday, February 27, 2024. The shares will be credited to the demat accounts on Wednesday, February 28, 2024.
-
When will GPT Healthcare Ltd IPO open for subscription?
The IPO subscription window is from February 22, 2024, to February 26, 2024.
-
What minimum lot size can retail investors subscribe to?
The lot size for the IPO will be 80 shares per lot.
-
When will GPT Healthcare Ltd list on exchanges?
GPT Healthcare Ltd will be listed on the NSE and BSE on Thursday, February 29, 2024.
GPT Healthcare IPO Subscription 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 |
Read More IPO related blogs- Go Digit General Insurance Limited IPO
_Limited_IPO_right.jpg)
_Limited_IPO_right.jpg)
_Mobility_&_Hospitality_Limited_IPO_right.jpg)
