GPT Healthcare IPO- Should You Apply?

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GPT Healthcare was founded in 2000 by Dwarika Prasad Tantia, Dr Om Tantia and Gopal Tantia. It works under the ILS Hospitals Group and operates the midsized multi specialty hospitals.  The company started operations with 8 bed hospital facility in 2000  and currently it is operating with the total capacity of 561 beds.

The company is now foraying in the stock market with issue size of Rs. 502 cr.  Banyan Tree holds 32.64% stake in the company and now divesting its entire shareholding in GPT Healthcare. The Bidding will be initiated on 22 Feb and ends on 26 Feb’ 2024.

Price range per share is between Rs 177 to 186 and individual can apply for shares in the lot size of 80 shares and in multiples thereof. It means In order to have a single lot; an individual is required to have at least Rs. 14,160.00.

You can apply for the IPO as a regular and High Net worth Individual. The bidding for anchor investors will be opened for a day on 21 Feb’ 2024.  The brief description about the IPO is as follows:

Bidding Dates

22 Feb to 26 Feb’ 2024

Minimum Investment

Rs. 14,160.00

Price Range

Rs. 177 – Rs 186

Issue Size

Rs. 502 cr

Lot Size

80 Shares

The IPO will be listed on both BSE and NSE.  You can also read about the Vibhor Steel Tubes IPO on https://skrnews.com/vibhor-steel-tubes-ipo/ .The Financials of the company has been shown in the table:

Year

Revenue(Rs. Cr)

Profit(Rs. Cr)

Total Assets(Rs. Cr)

2020

212.00

11.00

308.00

2021

243.00

21.00

317.00

2022

337.00

42.00

323.00

Its total income surged 7.3 percent to 361.03 Crore in Financial Year 2023 from rs 337 Crore in 2022.  The IPO is a combination of fresh issue of shares of 40 Crore shares and Offer for sale of up to 2.6 Crore shares.

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