19-Feb-2024
2 mins read
GPT Healthcare Limited IPO 2024 is open for subscription from Thursday, February 22, 2024, and will close on Monday, February 26, 2024. The price band for this IPO is set at Rs 117 to Rs 186 per share. The minimum lot size of this application for the retail category is 80 shares. The minimum lot size for small non-institutional investors is 14 lots consisting of 1,120 shares. Meanwhile, the minimum lot for big non-institutional investors is 68 lots with 5440 shares. The minimum amount of investment required for retail category investors is Rs 14,880 ( 186 x 80 shares). However, for small non-institutional investors, the minimum investment amount required is Rs 2,08,320 ( 186 x 1120 shares); for big non-institutional investors, it is Rs 10,11,840 (186 x 5440 shares). GPT Healthcare Limited IPO 2024 is a book-built issue. This IPO issue comprises a fresh issue of Rs 40 crore, and the offer for sale is of 2.61 crore shares. The allotment for this IPO is expected to be finalized on Tuesday, February 27, 2024. GPT Healthcare Limited IPO will be listed on both BSE and NSE, and the listing date is fixed on Thursday, February 29, 2024. The book-running lead manager of GPT Healthcare Limited is Jm Financial Limited. The registrar for this IPO is Link Intime India Private Limited.
About GPT Healthcare Limited
GPT Healthcare Limited, incorporated in 1989, operates a chain of mid-sized, multi-speciality, full-service hospitals under the ILS Hospitals brand in Eastern India. It provides integrated healthcare services focused on secondary and tertiary care.
GPT Healthcare offers a range of healthcare services in over 35 specialities and super specialities, including internal medicine and diabetology, nephrology, laparoscopic and general surgery, gynaecology and obstetrics, intensive care, gastroenterology, orthopaedics and joint replacement, interventional cardiology, neurology, neurosurgery, paediatrics and neonatology. The company is based in Kolkata, West Bengal. It also offers diagnostic services and pharmacies. GPT Healthcare’s Hospitals are located in four developed places: Salt Lake, Kolkata, West Bengal, with a capacity of 85 beds, including 17 beds in various ICUs and HDUs. The second is in Agartala, Tripura, with a capacity of 205 beds, including 66 beds in multiple ICUs and HDUs. The third is in Dum Dum, Kolkata, West Bengal, with a capacity of 155 beds, including 53 beds in various ICUs and HDUs. The fourth is located in Howrah, West Bengal, with a capacity of 116 beds, including 43 beds in ICUs and HUDs. As per records, on June 30, 2023, the Company had 1,855 employees, 85 full-time consultants and 465 visiting consultants.
Objectives of the GPT Healthcare IPO
The net proceeds from this issue will be utilized for repayment or prepayment of certain portions of outstanding borrowings availed by the company from banks and financial institutions. Other than this, the general corporate purposes will also be covered.
Financial Performance of GPT Healthcare Limited (Amt in Rs Lakhs)
Between the financial year ending with March 31, 2023 and March 31, 2022. Company’s revenue increased by 7.11% and profit after tax dropped by -6.37%.
| Period Ended | 30-Sep-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 332.09 | 326.76 | 323.22 | 317.21 |
| Revenue | 206.7 | 366.73 | 342.4 | 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 |
Other Important Details of GPT Healthcare Limited IPO
| IPO Date | February 22, 2024 to February 26, 2024 |
| Listing Date | February 29, 2029 |
| Face Value | Rs 10 per share |
| Price Band | Rs 117 to Rs 186 per share |
| Lot Size | 80 Shares |
| Total Issue Size | yet to be announced |
| Fresh Issue | Rs 40.00 Crore |
| Offer for Sale | 26,082,786 shares of Rs 10 |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 79,904,286 |
Lot Size of GPT Healthcare Limited IPO
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 80 | Rs 14,880 |
| Retail (Max) | 13 | 1040 | Rs 193,440 |
| S-HNI (Min) | 14 | 1,120 | Rs 208,320 |
| S-HNI (Max) | 67 | 5,360 | Rs 996,960 |
| B-HNI (Min) | 68 | 5,440 | Rs 1,011,840 |
IPO Reservation of GPT Healthcare Limited
| 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 |
Promoters and Shareholdings of GPT Healthcare Limited
The promoters of the company are GPT Sons Private Limited, Dwarika Prasad Tantia, Dr. Om Tantia, and Shree Gopal Tantia.
| Shareholding Pre Issue | 67.34% |
| Shareholding Post Issue |
Time-Table of GPT Healthcare Limited IPO 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 |
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 |
Lead Manager(s) of GPT Healthcare Limited IPO 2024
The book-running lead manager for GPT Healthcare Limited IPO is Jm Financial Limited.
How to Apply for GPT Healthcare Limited IPO 2024
Wait for the public issue to open for subscription, then click here to apply for the GPT Healthcare Limited IPO with Bigul.
How to Check Allotment Status of GPT Healthcare Limited IPO 2024?
The registrar for GPT Healthcare Limited IPO is Link Intime India Private Limited. To check your allotment status, please click here.
FAQs
- What is GPT Healthcare Limited IPO 2024?
GPT Healthcare Limited IPO 2024 is a book-built issue. The issue comprises a fresh issue of Rs 40 crore, and the offer for sale is of 2.61 crore shares. The price band for this IPO is set at Rs 117 to Rs 186 per share. The minimum lot size of this application for the retail category is 80 shares.
- Who are the lead managers for the GPT Healthcare Limited IPO 2024?
Jm Financial Limited was appointed as the lead manager for the IPO.
- What is the role of Link Intime India Private Limited in this IPO?
Link Intime India Private Limited is the registrar for GPT Healthcare Limited, handling the IPO’s administrative aspects.
- How can I apply for the GPT Healthcare Limited IPO 2024?
The public subscription of this IPO will open on February 22, 2024. Visit the Bigul website for the application process.
- How will the net proceeds from the IPO be utilized?
The net proceeds from this issue will be utilized for repayment or prepayment of certain portions of outstanding borrowings availed by the company from banks and financial institutions. Other than this, the general corporate purposes will also be covered.
- How can I check the allotment status of the IPO?
You can check the allotment status of the GPT Healthcare Limited IPO 2024 by clicking here.
- What is the financial performance of GPT Healthcare Limited?
Between the financial year ending March 31, 2023, and March 31, 2022, the company’s revenue increased by 7.11%, and profit after tax PAT dropped by -6.37%.