GPT Healthcare Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | February 22, 2024 to February 26, 2024 |
| Listing Date | February 29, 2024 |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 177 to ₹ 186 per share |
| Lot Size | 80 Shares |
| Total Issue Size | 2,82,33,323 shares (aggregating up to ₹ 525.14 Cr) |
| Fresh Issue | 21,50,537 shares (aggregating up to ₹ 40.00 Cr) |
| Offer for Sale | 2,60,82,786 shares of ₹10 (aggregating up to ₹ 485.14 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 7,99,04,286 |
| Share holding post issue | 8,20,54,823 |
About GPT Healthcare Limited IPO
GPT Healthcare Ltd. (GHL) is one of the key regional corporate healthcare companies in Eastern India in terms of number of beds and hospitals as of Fiscal Year 2023. It operates a chain of mid-sized full service hospitals under the brand and provides integrated healthcare services, with a focus on secondary and tertiary care. As of September 30, 2023, GHL operates four multispecialty hospitals in Dum Dum, Salt Lake and Howrah in West Bengal and Agartala in Tripura with a total capacity of 561 beds. It offers a comprehensive range of healthcare services across over 35 specialties and super specialties, including internal medicine and diabetology, nephrology (including renal transplants), laparoscopic and general surgery, gynecology and obstetrics, critical care, gastroenterology, orthopedics and joint replacements, interventional cardiology, neurology, neurosurgery, pediatrics, and neonatology.
Each of its hospitals also provides integrated diagnostic services and pharmacies that cater to patients. GPT Healthcare IPO is a book built issue of Rs 525.14 crores. The issue is a combination of fresh issue of 0.22 crore shares aggregating to Rs 40.00 crores and offer for sale of 2.61 crore shares aggregating to Rs 485.14 crores. GPT Healthcare IPO price band is set at ₹177 to ₹186 per share. The minimum lot size for an application is 80 Shares. Jm Financial Limited is the book running lead manager of the GPT Healthcare IPO, while Link Intime India Private Ltd is the registrar for the issue.
Objectives of GPT Healthcare IPO
The company proposes to utilize the Net Proceeds towards funding the following objectives:
- 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.
- 2. General corporate purposes.
GPT Healthcare IPO Review
The company is a healthcare related service provider in the eastern region. It posted growth in its top line but marked inconsistency in its bottom lines, particularly it posted lower net for FY23. Based on FY24 super earnings, the issue appears fully priced. Well-informed investors may consider parking moderate funds for the medium term in this dividend paying company.
GPT Healthcare Limited IPO Financial Information
Latest Revenue
206.70
₹ Crore
Profit After Tax
23.49
₹ Crore
Net Worth
171.43
₹ Crore
Total Borrowing
55.57
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2023 | 332.09 | 206.70 | 23.49 | 171.43 | 55.57 | ||||
| 31 Mar 2023 | 326.76 | 366.73 | 39.01 | 164.14 | 64.67 | ||||
| 31 Mar 2022 | 323.22 | 342.40 | 41.66 | 156.96 | 95.52 | ||||
| 31 Mar 2021 | 317.21 | 248.86 | 21.09 | 132.68 | 122.93 | ||||
| Amount in ₹ Crore | |||||||||
GPT Healthcare Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 23.59% |
| ROCE | 26.09% |
| Debt/Equity | 0.39 |
| RoNW | 23.77% |
| P/BV | 9.06 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.88 | 0 |
| P/E (x) | 38.1 | 32.49 |
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Competitive Strengths
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GPT Healthcare Limited IPO Timeline
| IPO Open Date | Thursday, February 22, 2024 |
| IPO Close Date | Monday, February 26, 2024 |
| Basis of Allotment | Tuesday, February 27, 2024 |
| Initiation of Refunds | Wednesday, February 28, 2024 |
| Credit of Shares to Demat | Wednesday, February 28, 2024 |
| Listing Date | Thursday, February 29, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 26, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 80 | ₹14,880 |
| Retail (Max) | 13 | 1040 | ₹193,440 |
| S-HNI (Min) | 14 | 1,120 | ₹208,320 |
| S-HNI (Max) | 67 | 5,360 | ₹996,960 |
| B-HNI (Min) | 68 | 5,440 | ₹1,011,840 |