GPT Healthcare IPO: Check Out The Price Band, Issue Size & Other Key Details

East-India based hospital chain GPT Healthcare, which owns and operates multi-specialty neighborhood tertiary care hospitals under the ILS Hospitals brand, is all set to go for an IPO this week.

GPT Healthcare IPO: All You Need To Know

gpt healthcare ipo/gpt

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GPT healthcare IPO price band

The IPO price range for GPT Healthcare is set at ?177 to ?186 per equity share, with a face value of ?10, for its ?525 crore IPO. The subscription date is set for February 22. The allocation to anchor investors will happen on February 21st, and the IPO will close on February 26th.

What is the lot size?

80 equity shares make up the lot, and thereafter, there are multiples of eighty equity shares. In the GPT Healthcare IPO, qualified institutional buyers (QIBs) will receive no more than 50% of the shares, non-institutional institutional investors (NIIs) will receive 15%, and retail investors will receive the remaining 35%.

What are the company's plans?

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In order to raise money, the company plans to issue up to 2.61 crore shares through an offer-for-sale (OFS) and raise about ?40 crore through the IPO.

How will they use the IPO proceeds?

The company plans to finance its overall goals with the IPO proceeds as well as the full or partial repayment of certain outstanding debts.

When will the allotment of shares be done?

The basis for the share allocation in the GPT Healthcare IPO is probably going to be finalized on February 27. Refunds will be started by the company on February 28. The shares will be credited the day after the refund.

When will GPT healthcare be listed?

GPT Healthcare shares are likely to be listed on BSE and NSE on February 29th, 2024.

What else you need to know about the company?

GPT Healthcare operates 4 full-service multispecialty hospitals, with a total capacity of 561 beds, and attends to over 35 specialties and super specialties such as internal medicine, diabetology, gastroenterology, orthopedics and joint replacements, neurology, neurosurgery, pediatrics and neonatology and interventional cardiology.

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