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GPT Healthcare IPO Latest Updates,Details

As of the information provided, the GPT Healthcare Limited IPO is scheduled to open for subscription from February 22, 2024, to February 26, 2024. Here are some key details about the IPO

IPO Details:

Issue Size: Rs 525.14 crores

Fresh Issue: 0.22 crore shares (Rs 40.00 crores)

Offer for Sale: 2.61 crore shares (Rs 485.14 crores)

Price Band: ₹177 to ₹186 per share

Lot Size: 80 shares

Minimum Retail Investment: ₹14,880

Reservation for Investors:

QIB Shares Offered: Not more than 50.00% of the Net offer

Retail Shares Offered: Not less than 35.00% of the Offer

NII (HNI) Shares Offered: Not less than 15.00% of the Offer

Timeline (Tentative Schedule):

IPO Open Date: February 22, 2024

IPO Close Date: February 26, 2024

Basis of Allotment: February 27, 2024

Listing Date: February 29, 2024

Lot Size:

Retail (Min): 1 lot (80 shares, ₹14,880)

Retail (Max): 13 lots (1040 shares, ₹193,440)

S-HNI (Min): 14 lots (1,120 shares, ₹208,320)

S-HNI (Max): 67 lots (5,360 shares, ₹996,960)

B-HNI (Min): 68 lots (5,440 shares, ₹1,011,840)

Promoter Holding:

Share Holding Pre Issue: 67.34%Share Holding Post Issue: (To be updated after the IPO)

About GPT Healthcare Limited:

Incorporated in 1989Operates a chain of mid-sized, multi-specialty hospitals in Eastern India under the ILS Hospitals brandOffers healthcare services in over 35 specialties and super-specialtiesAs of June 30, 2023, operates four multidisciplinary hospitals with a total capacity of 561 beds

Financial Information (Restated Consolidated):

Revenue increased by 7.11%, and profit after tax (PAT) dropped by -6.37% between the financial year ending with March 31, 2023, and March 31, 2022.