GPT Healthcare IPO is a book built issue. The issue comprises of fresh issue of Rs 40.00 crore and offer for sale of 2.61 crore shares.

GPT Healthcare IPO opens for subscription on February 22, 2024 and closes on February 26, 2024. The allotment for the GPT Healthcare IPO is expected to be finalized on Tuesday, February 27, 2024. GPT Healthcare IPO will list on BSE, NSE with tentative listing date fixed as Thursday, February 29, 2024.

GPT Healthcare IPO price band is set at ₹117 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 [.]
Face Value ₹10 per share
Price Band ₹117 to ₹186 per share
Lot Size 80 Shares
Total Issue Size [.] shares
(aggregating up to ₹[.] Cr)
Fresh Issue [.] shares
(aggregating up to ₹40.00 Cr)
Offer for Sale 26,082,786 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue 79,904,286

GPT Healthcare IPO Reservation

Investor Category Shares Offered
QIB Shares Offered Not more than 50.00% of the Net offer
Retail Shares Offered Not less than 35.00% of the Offer
NII (HNI) Shares Offered Not less than 15.00% of the Offer

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 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

Check GPT Healthcare IPO Peer Comparison here.

  Pre IPO Post IPO
EPS (Rs)  4.88 0
P/E (x)  38.1  

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:

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
Websitehttps://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
Websitehttps://linkintime.co.in/initial_offer/public-issues.html