GPT Healthcare IPO price band set at ₹177-186 per share; see issue size, important dates.

The GPT Healthcare IPO price band is ₹177-₹186 per equity share with a face value of ₹10. The GPT Healthcare IPO subscription date is Thursday, February 22, and it will conclude on Monday, February 26. The distribution to anchor investors for the GPT Healthcare IPO is slated for Wednesday, February 21.
GPT Healthcare IPO price band has been fixed in the range of ₹177 to ₹186 per equity share of the face value of ₹10.

The floor price is 17.7 times the face value of the equity shares, while the cap price is 18.6 times the face value of those shares. The price/earnings ratio based on diluted EPS for fiscal 2023 at the floor price is 36.27 times, while at the cap price it is 38.11. In contrast to the average industry peer group P/E ratio of 56.36.

The GPT Healthcare IPO lot size is 80 equity shares, with subsequent lots being multiples of 80 equity shares.The GPT Healthcare IPO has reserved no more than 50% of the shares for qualified institutional buyers (QIB), no less than 15% for non-institutional institutional investors (NII), and no less than 35% for retail investors.The GPT Healthcare IPO aims to raise around ₹40 crore through the new issuance. In addition, it plans to generate capital by issuing up to 2.61 crore shares through an offer-for-sale (OFS).

The firm plans to use the net funds to fund the following goals: General business objectives include complete or partial repayment or return of certain current debts secured by the corporation from banks and financial institutions.

GPT Healthcare Ltd operates a chain of mid-sized full-service hospitals under the ‘ILS Hospitals’ brand, offering integrated healthcare services with a primary focus on secondary and tertiary care.

According to the Red Herring Prospectus (RHP), the organization offers medical services in over 35 specialties and superspecialties, including internal medicine and diabetology, nephrology (including renal transplants), general and laparoscopic surgery, obstetrics and gynaecology, critical care, gastroenterology, orthopaedics and joint replacements, interventional cardiology, neurology and neurosurgery, paediatrics, and neonatology.

As of September 30, 2023, the firm controlled four multispecialty hospitals in West Bengal, including Howrah, Dum Dum, Salt Lake, and Agartala, with a total bed capacity of 561.

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According to the RHP, the company’s listed peers are Global Health Limited (P/E of 90.29), Krishna Institute of Medical Sciences Limited (P/E of 49.51), Jupiter Life Line Hospitals Limited (P/E of 81.73), Yatharth Hospital & Trauma Care Services Limited (P/E of 37.66), Kovai Medical Center & Hospital Limited (P/E of 29.93), and Shalby Limited (P/E of 49.01).

Tentatively, the GPT Healthcare IPO basis of allocation of shares will be concluded on Tuesday, February 27, and the business will commence refunds on Wednesday, February 28, with shares credited to allottees’ demat accounts the same day. GPT Healthcare’s share price is expected to be posted on the BSE and NSE on Thursday, February 29.Between March 31, 2022 and March 31, 2023, GPT Healthcare Limited’s profit after tax (PAT) fell by 6.37%, while sales increased by 7.11%.

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