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Table of Contents

Introduction

The healthcare sector is abuzz with anticipation as GPT Healthcare gears up for its initial public offering (IPO). In this comprehensive article, we delve into the intricate details surrounding this book-built issue, exploring the subscription dates, reservation percentages, the company’s background, and its financial standing. Join us on this journey to uncover all there is to know about the GPT Healthcare IPO.

The GPT Healthcare IPO

Subscription Details

The ₹40 crore new issuance plus the 2.61 crore shares up for sale make up the book-built IPO of GPT Healthcare. Investors eager to participate can subscribe between February 22, 2024, and February 26, 2024. Interestingly, the price band for this highly anticipated IPO is yet to be disclosed, adding an element of suspense to the investment landscape.

GPT Healthcare IPO Reservation Categories

Understanding the reservation categories is crucial for potential investors. Approximately 50 percent of the issue is reserved for Qualified Institutional Buyers (QIB), while not less than 35 percent is set aside for retail investors. The remaining not less than 15 percent is reserved for Non-Institutional Investors (NII). This strategic allocation aims to ensure a diverse and balanced investor base.

GPT Healthcare Limited IPO: A Healthcare Powerhouse

GPT Healthcare Limited, based in Kolkata, West Bengal, runs a network of mid-sized, multispecialty hospitals under the ILS Hospitals name. Specializing in secondary and tertiary care, the company provides a spectrum of healthcare services spanning over 35 specialties and super-specialties. From internal medicine to neurosurgery, GPT Healthcare stands as a comprehensive healthcare solution.

Utilization of Net Proceeds

One key aspect investors are eager to understand is how GPT Healthcare plans to utilize the funds raised through the IPO. The company intends to channel the net proceeds towards the repayment or prepayment of outstanding borrowings from banks and financial institutions. Additionally, the funds will contribute to general corporate purposes, showcasing a strategic approach to financial management.

Financial Snapshot

Analyzing the financial health of GPT Healthcare Limited is pivotal for potential investors. In the financial year ending March 31, 2023, the company experienced a 7.11% increase in revenue. However, the profit after tax (PAT) witnessed a slight drop of -6.37%. Understanding these financial nuances provides investors with a comprehensive view of the company’s performance.

IPO Allotment and Listing

Investors eagerly await the allotment results, which are expected to be finalized on Tuesday, February 27, 2024. The IPO is slated to list on both BSE and NSE, with the tentative listing date set for Thursday, February 29, 2024. Jm Financial Limited takes the lead as the book running lead manager, ensuring a smooth IPO process, while Link Intime India Private Ltd assumes the role of the registrar for the issue.

External Link

For a broader understanding of the IPO process, refer to SEBI Guidelines on IPOs.

GPT Healthcare IPO: Here’s all we know so far about upcoming public issue

FAQs

1. How can I participate in the GPT Healthcare IPO? To participate in the GPT Healthcare IPO, you can subscribe during the specified dates through your preferred financial institution or brokerage platform.

2. What is the reservation percentage for retail investors? Retail investors have a reserved quota of not less than 35 percent in the GPT Healthcare IPO.

3. What are the key specialties offered by ILS Hospitals under GPT Healthcare Limited? ILS Hospitals provides a diverse range of healthcare services, including internal medicine, neurology, orthopedics, and neonatology, among others.

4. How does GPT Healthcare plan to use the net proceeds from the IPO? The net proceeds from the initial public offering (IPO) will be used for general company objectives and the repayment or prepayment of existing borrowings.

5. When will the IPO allotment results be finalized? The allotment results for the GPT Healthcare IPO are expected to be declared on Tuesday, February 27, 2024.

6. Who is the book-running lead manager for the GPT Healthcare IPO? Jm Financial Limited holds the position of the book-running lead manager for the GPT Healthcare IPO.

Conclusion

As GPT Healthcare opens its doors to public investment, the buzz surrounding its IPO is well-founded. Investors looking for a strategic entry into the healthcare sector have much to consider. From subscription details to financial snapshots, this article aims to equip potential investors with a comprehensive understanding of the GPT Healthcare IPO. Stay tuned for the allotment results and witness the company’s journey as it lists on the BSE and NSE.