Discover the hottest investment opportunity with the upcoming GPT Healthcare IPO! Dive into this must-read article for exclusive insights, expert analysis, and everything you need to know before you invest. Don’t let this chance slip away – seize the opportunity for potential wealth and success today!
GPT Healthcare IPO
GPT Healthcare, based in Kolkata, is gearing up for its initial public offering (IPO) as reported earlier, and is all set to begin on February 22. The company aims to raise approximately ₹525 crore through this public offer.
As of now, in the unlisted market, GPT Healthcare’s shares are trading at the same price as their issue price, showing no premium or discount just before the IPO subscription opens. Investors often look to the grey market premium (GMP) to gauge the likely listing price.
The GPT Healthcare IPO, scheduled to close on February 26, has set a price band of ₹177-186 per share. Investors can bid for a minimum of 80 equity shares in one lot, with multiples thereafter. The allocation breakdown reserves 50% for qualified institutional buyers, 35% for non-institutional investors, and the remaining 15% for retail investors.
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Structure of the IPO
The GPT Healthcare IPO consists of a fresh issue of equity shares totaling ₹40 crore and an offer for sale (OFS) of up to 2.6 crore equity shares worth ₹485 crore by private equity firm BanyanTree Growth Capital II. BanyanTree, holding a 32.64% stake in GPT Healthcare, will completely divest its shareholding through the OFS, signaling its exit from the company. Proceeds from the fresh issue, amounting to ₹30 crore, will be utilized by GPT Healthcare to repay debt and for general corporate purposes.
Founded by Dwarika Prasad Tantia, Dr. Om Tantia, and Shree Gopal Tantia, GPT Healthcare began its journey in 2000 with an eight-bed hospital in Kolkata. Presently, it operates four full-service multi-specialty hospitals with a combined capacity of 561 beds under the brand name ILS Hospitals. The company’s listing is scheduled on both BSE and NSE, with a tentative date set for February 29, 2024.
ILS Hospitals managed and operated by GPT Healthcare, offer integrated healthcare across more than 35 specialties and super specialties. With four multi-specialty hospitals located in Dum Dum, Salt Lake, and Howrah in West Bengal, and Agartala in Tripura, GPT Healthcare caters to diverse healthcare needs.
Bhaarat Bulletin’s Shikha Rai, Bimal Dev, GPT Healthcare and BSE/NSE have contributed to the above report
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