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Flattrade Kosh > IPOs > GPT Healthcare IPO
IPOs

GPT Healthcare IPO

Posted by Flattrade February 21, 2024
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GPT Healthcare IPO is a book-built issue of Rs 525.14 crores. The issue is a combination of a fresh issue of 0.22 crore shares aggregating to Rs 40.00 crores and an offer for sale of 2.61 crore shares aggregating to Rs 485.14 crores.

GPT Healthcare IPO opens for subscription on February 22, 2024, and closes on February 26, 2024, and the price band is set at ₹177 to ₹186 per share. The minimum lot size for an application is 80 Shares

Company Summary

This company is one of the key regional corporate healthcare companies in Eastern India regarding the number of beds and hospitals as of the Fiscal Year 2023. They operate a chain of mid-sized full-service hospitals under the brand and provide integrated healthcare services, focusing on secondary and tertiary care.

Furthermore, they offer 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 their hospitals also provides integrated diagnostic services and pharmacies that cater to their patients.

As of September 30, 2023, they operate four multi-specialty hospitals in Dum Dum, Salt Lake, and Howrah in West Bengal and Agartala in Tripura with a total capacity of 561 beds. As of June 30, 2023, the company had 1,855 employees, 85 full-time consultants, and 465 visiting consultants.

Company Strengths

The Hospital company strategically focuses on the relatively under-penetrated healthcare market in Eastern India where they have a presence in three cities which they believe has provided them an understanding of regional nuances, patient culture, and the mindset of medical professionals and where there is under-penetration of quality and affordable healthcare services. This has enabled their revenue from operations (ex-COVID) to grow at a CAGR of 53.87% over Fiscal Year 2021 to Fiscal Year 2023 and ROCE being 26.09% for Fiscal Year 2023.

Each of their hospitals is managed by a Chief Operating Officer, who is responsible for supervising day-to-day functioning. This structure gives them greater control over their hospitals and helps us deliver quality healthcare services.

Their hospitals are equipped with quality medical equipment and employ practices and policies that help them provide quality healthcare services to their patients. They continue to invest in improving their technological capabilities, training their doctors and other healthcare professionals, increasing day-to-day operational efficiencies, and finding new ways to engage and retain patients.

Company Financials

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets332.09326.76323.22317.21
Revenue206.70366.73342.40248.86
Profit After Tax23.4939.0141.6621.09
Net Worth171.43164.14156.96132.68
Reserves and Surplus92.7585.4678.2875.96
Total Borrowing55.5764.6795.52122.93

Amount in ₹ Crore

Objectives of the IPO

The Company proposes to utilize the Net Proceeds towards funding the following objects:

  • Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company from banks and financial institutions
  • General corporate purposes

Promoters of the Company: GPT Sons Private Limited, Dwarika Prasad Tantia, Dr. Om Tantia, and Shree Gopal Tantia are the Promoters of the Company.

IPO details

IPO DateFebruary 22, 2024 to February 26, 2024
Listing DateThursday, February 29, 2024
Face Value₹10 per share
Price Band₹177 to ₹186 per share
Lot Size80 Shares
Total Issue Size28,233,323 shares (aggregating up to ₹525.14 Cr)
Fresh Issue2,150,537 shares (aggregating up to ₹40.00 Cr)
Offer for Sale26,082,786 shares of ₹10 (aggregating up to ₹485.14 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE

Lot Allocation details

ApplicationLotsSharesAmount
Retail (Min)180₹14,880
Retail (Max)131040₹193,440
Small-HNI(Min)141,120₹208,320
small-HNI(Max)675,360₹996,960
Large-HNI (Min)685,440₹1,011,840

Allotment Schedule

Basis of AllotmentTuesday, February 27, 2024
Initiation of RefundsWednesday, February 28, 2024
The credit of Shares to DematWednesday, February 28, 2024
Listing DateThursday, February 29, 2024
Cut-off time for UPI mandate confirmation5 PM on February 26, 2024

 IPO Reservation

Investor CategoryShares Offered
QIB Shares OfferedNot more than 50.00% of the Net offer
Retail Shares OfferedNot less than 35.00% of the Offer
NII (HNI) Shares OfferedNot less than 15.00% of the Offer

To check Allotment, click here

Apply for IPO
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Flattrade February 21, 2024
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