What you must know about GPT Healthcare IPO?
by 5paisa Research Team
19 Feb 2024
Listing Details
- Listing Exchange BSE, NSE
- Listing Date 29-Feb-24
- IPO Price Range ₹177
- Listing Price ₹216.15
- Listing Change 16.2 %
- Last Traded Price ₹155.45
- Current Change -16.4 %
GPT Healthcare IPO Details
- Open Date 22-Feb-24
- Close Date 26-Feb-24
- Lot Size 80
- IPO Size ₹ 525.14 Cr
- IPO Price Range ₹ 177 to ₹ 186
- Min Investment ₹ 14,160
- Listing Exchange BSE, NSE
- Basis of Allotment 27-Feb-24
- Refunds 28-Feb-24
- Credit to Demat Account 28-Feb-24
- Listing Date 29-Feb-24
GPT Healthcare IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 22-Feb-24 | 0.00 | 0.18 | 0.67 | 0.38 |
| 23-Feb-24 | 0.19 | 0.80 | 1.26 | 0.85 |
| 26-Feb-24 | 17.30 | 11.02 | 2.44 | 8.52 |
GPT Healthcare IPO Synopsis
GPT Healthcare Limited IPO is set to open from 22nd February to 26th February 2024. It is a regional corporate healthcare company with a major presence in Eastern India. The IPO includes a fresh issue of 2,150,537 shares worth ₹40.00 cr. and an Offer-for-Sale (OFS) of 26,082,786 equity shares worth ₹485.14 cr. The total IPO size is ₹525.14 cr. The share allotment date is 27th February 2024, and the IPO will be listed on 29th February 2024 on the stock exchanges. The price band is set at ₹177 to ₹186 and the lot size is 80 shares.
JM Financial Limited is the book-running lead manager for this IPO, while Link Intime India Private Limited is the registrar.
Objective of GPT Healthcare IPO:
● To repay or prepay in full or part the borrowings obtained by the company.
● General corporate purposes.
GPT Healthcare IPO Video:
About GPT Healthcare
Established in 1989, GPT Healthcare is a regional corporate healthcare company with a major presence in Eastern India. It runs a mid-sized full-service hospital chain under the name of ILS Hospitals and offers integrated healthcare services, with a focus on secondary and tertiary care. As of September 2023, there are four multispecialty hospitals under GPT Healthcare in Dum Dum, Salt Lake and Howrah in West Bengal and Agartala in Tripura with 561 beds. It has a focus on operating in a relatively under-penetrated healthcare market in Eastern India.
GPT Healthcare’s healthcare services are spread across over 35 specialities and super specialities. This includes internal medicine and diabetology, nephrology (including renal transplants), laparoscopic and general surgery, gynaecology and obstetrics, critical care, gastroenterology, orthopaedics and joint replacements, interventional cardiology, neurology, neurosurgery, paediatrics, and neonatology.
Peer Comparison
● Global Health Limited
● Krishna Institute Of Medical Sciences Limited
● Jupiter Life Line Hospitals Limited
● Yatharth Hospital & Trauma Care Services Limited
● Kovai Medical Center & Hospital Limited
● Shalby Limited
For More Information:
Webstory on GPT Healthcare
GPT Healthcare Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 361.03 | 337.41 | 242.75 |
| EBITDA | 80.04 | 78.82 | 55.10 |
| PAT | 39.00 | 41.66 | 21.09 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 326.75 | 323.22 | 317.21 |
| Share Capital | 79.90 | 79.90 | 17.94 |
| Total Borrowings | 161.39 | 165.04 | 183.31 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 66.35 | 65.99 | 43.92 |
| Net cash from / (used in) investing activities | 5.15 | -5.33 | -17.38 |
| Net cash flow from / (used in) financing activities | -73.17 | -57.16 | -22.11 |
| Net increase (decrease) in cash and cash equivalents | -1.66 | 3.49 | 4.43 |
GPT Healthcare IPO Key Points
-
Strengths
1. It is a regional corporate healthcare company with a strong foothold in under-penetrated and densely populated healthcare delivery markets.
2. The company has a well-diversified speciality mix and location mix.
3. It has the ability to attract, train and retain quality medical professionals.
4. The company has a consistent track record of operating and financial performance and growth.
5. It has investment in infrastructure, processes and clinical excellence driving affordability, and a strong value proposition for stakeholders.
6. Experienced leaders and professional senior management team.
-
Risks
1. The revenue (70%) is highly dependent on operations from hospitals situated in West Bengal and certain specialities.
2. It faces competition from other healthcare service providers.
3. The Bed Occupancy Rate is lower than some listed peers.
4. The company relies on retaining healthcare professionals.
5. The business is highly dependent on the strength of the brand and reputation.
GPT Healthcare
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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GPT Healthcare IPO FAQs
When does the GPT Healthcare IPO opens and closes?
GPT Healthcare IPO opens from 22nd February to 26th February 2024.
What is the size of the GPT Healthcare IPO?
The size of GPT Healthcare IPO is ₹525.14 cr.
How to apply for the GPT Healthcare IPO?
To apply for GPT Healthcare IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the GPT Healthcare IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of GPT Healthcare IPO?
The price band of GPT Healthcare IPO is set at ₹177 to ₹186 per share.
What is the minimum lot size and investment required for the GPT Healthcare IPO?
The minimum lot size of GPT Healthcare IPO is 80 shares and the minimum investment required to apply for the IPO is ₹14,160.
What is the allotment date of the GPT Healthcare IPO?
The share allotment date of GPT Healthcare IPO is 27th February 2024.
What is the GPT Healthcare IPO listing date?
The GPT Healthcare IPO will be listed on 29th February 2024.
Who are the book runners for the GPT Healthcare IPO?
JM Financial Limited is the book-running lead manager for GPT Healthcare IPO.
What is the objective of the GPT Healthcare IPO?
GPT Healthcare Limited will use proceeds for:
● To repay or prepay in full or part the borrowings obtained by the company.
● General corporate purposes.
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