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GPT Healthcare Limited IPO Detail

GPT Healthcare Limited IPO Detail

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.

Company Promoters

GPT Sons Private Limited, Dwarika Prasad Tantia, Dr. Om Tantia, and Shree Gopal Tantia

IPO Details

IPO Opening DateFeb 22, 2024
IPO Closing DateFeb 26, 2024
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹177 - 186 per equity share
Market Lot80 Shares
Min Order Quantity80 Shares
Listing AtBSE, NSE
Issue Size₹525.14 Cr
Fresh Issue₹40.00 Cr
Offer for Sale₹485.14 Cr
Retail Portion 35%

IPO Subscription (Bidding Detail)

AS On QIB SHNI BHNI NII RII TOTAL
Day 1 0.00x - - 0.18x 0.68x 0.38x
Day 2 0.19x - - 0.80x 1.26x 0.85x
Day 3 17.30x - - 11.02x 2.44x 8.52x

IPO Tentative Timetable

The GPT Healthcare Limited IPO open date is Feb 22, 2024, and the close date is Feb 26, 2024. The issue may list on Feb 29, 2024.

IPO Open DateFeb 22, 2024
IPO Close DateFeb 26, 2024
Basis of Allotment DateFeb 27, 2024
Initiation of RefundsFeb 28, 2024
Credit of Shares to Demat AccountFeb 28, 2024
IPO Listing DateFeb 29, 2024

IPO Lot Size

The GPT Healthcare Limited IPO market lot size is 80 shares. A retail-individual investor can apply for up to 13 lots (1040 shares or ₹193440).

ApplicationLotsSharesAmount (Cut-off)
Minimum180₹14880
Maximum131040₹193440

IPO Promoter Holding

Pre Issue Share Holding67.34%
Post Issue Share Holding

Company Financials:

For the year/period ended (₹ in Cr.)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-21 317.21 248.86 21.09
31-Mar-22 323.22 342.40 41.66
31-Mar-23 326.76 366.73 39.01
30-Sep-23 332.09 206.70 9.98

Objects of the Issue:

The company proposes to utilize the Net Proceeds towards funding the following objects:

  1. Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the company from banks and financial institutions; and
  2. General corporate purposes.

GPT Healthcare Limited IPO Registrar:

Link Intime India Private Ltd

GPT Healthcare Limited IPO Lead Manager(s):

Jm Financial Limited

Company Contact Information:

GPT Healthcare Limited

GPT Centre, JC-25,

Sector III, Salt Lake,

Kolkata – 700106