Discover the latest buzz surrounding the GPT Healthcare IPO! From its jaw-dropping price range to insider insights, find out why investors are buzzing about this opportunity. Don’t miss your chance to get in on the action – read more now!
GPT Healthcare IPO Goes Public
Today marks the debut of GPT Healthcare Ltd in the Indian primary market with its initial public offering (IPO). The public has the opportunity to subscribe to the offering until February 26, 2024, which is next Monday. GPT Healthcare, a mid-sized multi-specialty hospital, has set the price range for its public issue at ₹177 to ₹186 per equity share.
The GPT Healthcare IPO is set to be listed on both the BSE and the NSE. Before the IPO opening for public subscription on Thursday, anchor investors have already contributed ₹157.54 crores to the offering.
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As of 12:39 PM on the first day of bidding, the book build issue has been subscribed 0.21 times overall, with the retail portion yet to be subscribed. The Non-Institutional Investor (NII) portion has been subscribed 0.06 times.
Key Details Summarized of GPT Healthcare IPO
- Grey Market Performance: GPT Healthcare shares trading neither at a premium nor at a discount.
- Price Band: ₹177 to ₹186 per equity share.
- IPO Duration: Open for subscription until February 26, 2024.
- IPO Size: Aiming to raise ₹525.14 crore, with ₹40 crore via fresh shares and ₹485.14 crore through offer for sale (OFS).
- Lot Size: Each lot comprises 80 shares.
- Allotment Date: Tentatively set for February 27, 2024.
- Registrar: Link Intime India Private Limited was appointed as the official registrar.
- Listing Date: Expected to hit the secondary market on February 29, 2024, following the T+3 listing rule.
With its IPO, GPT Healthcare Ltd ventures into the public market, offering investors a chance to participate in its growth. The interest from anchor investors and the bidding status reflect initial market sentiment, while grey market trading indicates stability in share pricing. As the subscription period continues and the allotment date approaches, the market eagerly awaits the listing of GPT Healthcare shares on the BSE and NSE.
Bhaarat Bulletin’s Shikha Rai, Bimal Dev, and BSE/NSE have contributed to the above report
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