GPT Healthcare Limited IPO: Check IPO Date, Lot Size, Price & Details

This article delves into comprehensive details regarding the GPT Healthcare Limited IPO: Check IPO Date, Lot Size, Price and more. We’ll delve into the company’s financial metrics, past performance, and conduct a thorough analysis to gauge potential future growth. Ultimately, we’ll offer our insight on whether it’s advisable to consider applying for the IPO.

Company Details

Founded in 1989, GPT Healthcare Limited operates a network of mid-sized, multi-specialty hospitals in Eastern India under the ILS Hospitals brand, emphasizing integrated healthcare services with a focus on secondary and tertiary care. Headquartered in Kolkata, West Bengal, the company provides a diverse range of healthcare services across 35 specialties and super-specialties.

These include internal medicine, diabetology, nephrology (including kidney transplant), laparoscopic and general surgery, gynaecology and obstetrics, intensive care, gastroenterology, orthopaedics and joint replacement, interventional cardiology, neurology, neurosurgery, paediatrics, neonatology, along with integrated diagnostic services and pharmacies.

IPO Details

  • Issue Size: ₹525.14 Crores (Combination of fresh issue of 0.22 crore shares aggregating to ₹40.00 Crores and offer for sale of 2.61 crore shares aggregating to ₹485.14 Crores)
  • Type Of IPO: Book Built
  • Type: Fixed price issue
  • Subscription Period: February 22, 2024, to February 26, 2024
  • Allotment Date: Expected on Tuesday, February 27, 2024
  • Listing Date: Tentatively on BSE, NSE on Thursday, February 29, 2024
  • Price Band: ₹177 to ₹186 per share
  • Minimum Lot Size: 80 Shares
  • Retail Investor Minimum Investment: ₹14,880
  • sNII Minimum Lot Size Investment: 14 lots (1,120 shares), amounting to ₹208,320
  • bNII Minimum Lot Size Investment: 68 lots (5,440 shares), amounting to ₹1,011,840
IPO DateFebruary 22, 2024 to February 26, 2024
Issue Size₹525.14 Crores
Lot Size80 Shares
Price Range₹177 to ₹186 per share
Issue Type100% book building
Cut-off time for UPI Mandate Confirmation26 Feb 2024 (upto 5:00 PM) The new cut-off time for UPI mandate acceptance is 05:00 PM on last day of IPO bidding.

Lot Size

Retail(min)180 ₹14,880
Retail (max)131040₹193,440
s-HNI (min)141,120₹208,320
s-HNI (max)675,360₹996,960
B-HNI (min)685,440₹1,011,840

Important Dates

IPO opening dateThursday, February 22, 2024
IPO closing dateFriday, February 26, 2024
Basis of allotmentMonday, February 27, 2024
Initiation of RefundsTuesday, February 28, 2024
Credit of Shares to DematTuesday, February 28, 2024
Listing DateWednesday, February 29, 2024

Financial Performance

PeriodTotal AssetsTotal RevenueProfit After Tax
31 Sep 23(half year)332.09206.7023.49
31 Mar 23326.76366.7339.01
31 Mar 22323.22342.4041.66
31 Mar 21317.21248.8621.09
amount in Crores (₹)

Financial Ratios

EPS (Rs)4.88

Apply Or Avoid

Might Apply only for listing gains . However, it’s important to note that while the company has maintained consistent profitability over the years, its growth trajectory appears stagnant.