The GPT Healthcare IPO gets a slow response from the investors during the first day of bidding. The issue was subscribed just 36 percent till now on 22 February 2024. It received bids worth 71.94 lakh shares as against 1.97 crore shares on offer.

The GPT Healthcare IPO got a slow response from the investors during the first day of bidding. The issue was subscribed just 36 percent till now on 22 February 2024. It received bids worth 71.94 lakh shares as against 1.97 crore shares on offer.

On 22 February 2024, retail category has received 0.59 times subscription and the non – institutional quota got 0.13 times subscription.

GPT Healthcare IPO price band is set at ₹177 to ₹186 per share. The minimum lot size for an application is 80 shares and the minimum amount of investment required by retail investors is ₹14,880. The minimum lot size investment for is 14 lots (1,120 shares), summing to ₹208,320.

In the grey market, unlisted shares of this IPO are trading Rs.16 higher as compared to its issue price. 16 Rs premium in grey market signify that the grey market is expecting 8.6 percent listing gain from this IPO.

At the upper price band, with a market cap of Rs 1,526.2 crore, the company is valuing at P/E of 39.1 times. GPT Healthcare will raise Rs 525.14 crore via IPO, which includes a fresh share sale of Rs 40 crore and offer-for-sale (OFS) of up to 2.60 crore equity shares.

GPT Healthcare has reserved 50 per cent of the net offer for qualified institutional investors (QIBs), while non-institutional investors (NIIs) will have 15 per cent of shares reserved for them. Retail investors will have 35 per cent of the net issue reserved for them.

GPT Healthcare IPO has opened for subscription on 22 February 2024. The public issue of this IPO will remain open for retail bidders till 26th February 2024.

Before you subscribe to this IPO, you must know below facts about the company.

GPT HealthCare operates a chain of mid-sized full service hospitals under the “ILS Hospitals” brand and provide integrated healthcare services with specialisation in secondary care.

Most of its revenue comes from operations from its hospital located across West Bengal. It also has some hospitals in eastern regions of India.

Any political and economic crisis in the West Bengal state can have a significant impact on its business, financial condition,results, cashflows and operations.

Most of the doctors associated with GPT Healthcare are on consultancy basis. Business might get significantly impacted if these associated professional consultant part ways from the Healthcare provider.

GPT Healthcare faces fierce competition from other healthcare service providers.

GPT has raised 157 crores from several anchor investors ahead of its IPO opening. Some of the anchor investors include Societe Generale, Kotak Mutual Funds,Axis Mutual funds,Aditya Birla Life Insurance, DE Shaw Valence International.

The allotment of GPT Healthcare IPO will take place on February 27 and its listing will happen on 29 Ferbruary 2024 on both NSE and BSE.

The GPT Healthcare offers a range of healthcare services in over 35 specialties and super-specialties, including internal medicine and diabetology, obstetrics, intensive care, gastroenterology, orthopedics and joint replacement, nephrology, laparoscopic and general surgery, neurology, neurosurgery, pediatrics, neonatology and gynecology interventional cardiology.