There was a queue of investors on the first day
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GPT Healthcare IPO: Applications for the IPO of GPT Healthcare Limited, which operates specialty hospitals under the ILS Hospital brand in Kolkata, has started from Thursday. The IPO was subscribed by 37 percent on the first day. According to National Stock Exchange data, 1,97,63,327 shares have been offered under the IPO worth Rs 525 crore. Bids were placed for its 72,43,360 shares. The retail individual investors (RII) section received 66 percent subscription, while the non-institutional investors category received 18 percent subscription. GPT Healthcare has raised Rs 157.54 crore from anchor investors for its IPO before retail investors can bid. There are new shares worth Rs 40 crore in the IPO issued by the company. Whereas, Offer for Sale (OFS) of 2.6 crore shares has been made.
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What is the expert’s opinion?
Investors have given good response to the IPO. In such a situation, most of the market experts are advising to subscribe to this IPO. Anand Rathi said that on the valuation front, the price of the company is fair. Thus, we recommend subscribing to the IPO and taking a long term rating. Meanwhile, Mehta Equities’ research analyst Rajan Shinde said that through the IPO of GPT Healthcare Limited, investors are getting an opportunity to invest in the healthcare market in Eastern India. The company’s strategic focus on the healthcare market is good. The company’s business is growing due to its work in three densely populated cities. Their established presence and multiple healthcare delivery verticals position them as a one-stop destination for patient needs in their respective micro markets.
What is the price band of shares?
For the IPO of GPT Healthcare Limited, the company has kept the price band at Rs 177-186 per share.
When can you apply?
The last date to apply for the IPO of GPT Healthcare Limited is 26th February. Today is the second day of application.
When will the shares be listed?
The company’s shares are going to be listed on BSE and NSE. Its listing is expected to happen on 29th February.
How much will have to be invested
Retail investors will have to bid for 80 shares in one lot. This means that at least Rs 14,160 will have to be invested.
what does the company do
GPT Healthcare, which started with an eight-bed hospital in Kolkata in 2000, runs four hospitals with different facilities with a total capacity of 561 beds. In the last financial year (2022-23), the total income of the company increased by 7.11 percent to Rs 366.73 crore, which was Rs 342.40 crore in the financial year 2021-22. The company’s net profit declined to Rs 39.01 crore in the financial year 2022-23, which was Rs 41.66 crore in 2021-22.
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