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
Website: https://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
Website: https://linkintime.co.in/initial_offer/public-issues.html