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.
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.
Also Read| India to Use Coveted ‘Critical Minerals Club’ to Acquire Overseas Assets
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%.
- Ambani-Adani strategic collaboration: Reliance will purchase 26% share in 600MW Mahan Energen power plant for Rs 50 crore.Reliance Industries (RIL) and Adani Power have struck a 20-year power purchase deal for 500 MW, marking a rare strategic partnership between companies founded by two of India’s richest men.Mukesh Ambani’s business …
- Tata Investment Corp reaches 5% upper circuit for the second session on news of IPO prospects.Tata Investment Corporation Ltd shares hit their 5-percent upper limit for the second session on March 28 morning, after reports that the conglomerate planned many initial public offerings (IPOs) over the next …
- SRM Contractors IPO Day 2: Check GMP, subscriber status, and review. Should you subscribe to the publication?The SRM Contractors IPO got off to a solid start yesterday (Tuesday, March 26) and will close on Thursday, March 28. According to BSE statistics, the overall subscription rate for the SRM …
- Around Town: Mumbai’s burgeoning passion for Mexican food sees huge names enter through Mezcalita, Pompa, and Lyla.Have you noticed a rise in the number of Mexican eateries in Mumbai? You’re not alone.Last year, restaurateurs Vicky Singh and Rizwan Amlani opened Mezcalita, a Mexican restaurant and tequila bar on …
- SBI Card and Titan Launch Titan SBI Card: Check cashback, gift cards, reward points, and other data.SBI Card, India’s largest pure-play credit card issuer, has collaborated with Titan Company, a significant player in the jewelry, watches, eyewear, and ethnic wear sectors, to introduce the Titan SBI Card today. …
- Amalaki Ekadashi 2024: Is Rangbhari Ekadashi March 20 or 21? Date, customs, importance, celebration, and Puja timingsAmalaki Ekadashi 2024: Is Rangbhari Ekadashi on March 20 or 21? Know its date, rituals, significance, celebration, puja timings and more inside. auspicious Hindu festival of Amalaki Ekadashi takes place between Maha …