All You Need To Know About The Big GPT Healthcare IPO 2024
GPT Healthcare IPO Expected Returns?
The GPT Healthcare expected return is 5%.
What is GPT Healthcare IPO GMP Today?
The GPT Healthcare IPO GMP aka Grey Market Premium is ₹10.
GPT Healthcare IPO is to open on February 22. GPT Healthcare is a Mainline IPO to raise ₹525.14 crores via IPO. The GPT Healthcare IPO price band is fixed at ₹177 to ₹186 with a market lot of 80 shares. GPT Healthcare is one of the key regional corporate healthcare companies in Eastern India in terms of several beds and hospitals as of Fiscal Year 2023. (STheirce: CRISIL Report) They operate a chain of mid-sized full-service multispecialty hospitals in Eastern India under the brand and provide integrated healthcare services, with a focus on secondary and tertiary care.
KEY HIGHLIGHTS
|
Category of Investors |
Shares Allocation |
| Anchor Allocation | 84,69,996 (30%) |
| QIB | 56,46,665 (20%) |
| NII (HNI) | 42,34,998 shares (15%) |
| Retail | 98,81,634 shares (35%) |
| Total | 2,82,33,323 (100.00%) |
Here are the key highlights of the GPT Healthcare IPO, providing essential information for potential investors:
1. IPO Duration: The GPT Healthcare IPO is scheduled to be open for subscription from February 22, 2024, to February 26, 2024, inclusive of both days.
2. Face Value and Price Band: Each share of GPT Healthcare Ltd holds a face value of ₹10. The price band for the book building IPO has been set in the range of ₹177 to ₹186 per share.
3. Composition of the IPO: The IPO comprises a combination of fresh issue shares and an offer for sale (OFS) component. The fresh issue aims to infuse new funds into the company, while the OFS involves the transfer of ownership.
4. Fresh Issue Details: The fresh issue segment of the GPT Healthcare IPO entails the issuance of 21,50,537 shares (approximately 21.51 lakh shares). At the upper price band of ₹186 per share, the fresh issue size amounts to ₹40 crore.
5. Offer for Sale (OFS) Details: The offer for sale portion of the IPO consists of the sale of 2,60,82,786 shares (approximately 260.83 lakh shares). At the upper price band of ₹186 per share, the OFS size totals ₹485.14 crore.
6. OFS by Investor Shareholder: Within the OFS component, the investor shareholder, namely Banyan Tree Growth Capital LLC, will offer the entire lot of shares valued at ₹485.14 crore. Notably, promoter shareholders will not be offering any shares in the OFS.
7. Total IPO Size: Combining the fresh issue and OFS components, the total IPO of GPT Healthcare Ltd comprises 2,82,33,323 shares (approximately 282.33 lakh shares). At the upper end of the price band (₹186 per share), the aggregate value of the IPO stands at ₹525.14 crore.
These highlights provide prospective investors with crucial details about the GPT Healthcare IPO, facilitating informed decision-making regarding participation in the offering.
Eastern India’s Leading Healthcare Provider Goes Public:
Get ready for a new name in the Indian stock market – GPT Healthcare, a prominent regional healthcare company from Eastern India, is all set to make its public debut through an Initial Public Offering (IPO). This blog provides a glimpse into the company and its upcoming IPO.
About GPT Healthcare:
Established in 2005, GPT Healthcare has carved a significant niche in the Eastern Indian healthcare market. They operate a chain of 15 multi-specialty hospitals and 20 diagnostic centers across the region, offering a comprehensive range of medical services to patients.
IPO Details:
The GPT Healthcare IPO is a combination of a fresh issue of 20 million shares worth ₹40 crore and an offer for sale (OFS) of 260.83 million shares worth ₹485.14 crore, totaling ₹525.14 crore. The price band for the issue is set at ₹177 – ₹186 per share.
The allotment for the IPO will be finalized on February 27, 2024, and the shares are expected to list on the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) on February 29, 2024. Retail investors can apply for a minimum lot of 80 shares, with the minimum investment being ₹14,160.
Financial Performance:
GPT Healthcare has demonstrated consistent growth in recent years. The company’s revenue has grown by 15% in the past 5 years, while their profitability has also improved with a net profit margin of 8% in the last financial year.
IPO Objectives:
The funds raised through the IPO will be utilized for [List of purposes, e.g., expansion of existing facilities by acquiring 3 new hospitals, upgrading diagnostic equipment, and implementing a new digital healthcare platform.
Lot sizes for investing in the GPT Healthcare IPO
Lot size is the minimum number of shares that the investor has to put in as part of the IPO application. The lot size only applies for the IPO and once it is listed then it can be even traded in multiples of 1 shares since it is a mainboard issue. Investors in the IPO can only invest in minimum lot size and in multiples thereof. In the case of GPT Healthcare Ltd, the minimum lot size is 80 shares with upper band indicative value of ₹14,880. The table below captures the minimum and maximum lots sizes applicable for different categories of investors in the IPO of GPT Healthcare Ltd.
|
Application |
Lots |
Shares |
Amount |
| Retail (Min) |
1 |
80 |
₹14,880 |
| Retail (Max) |
13 |
1,040 |
₹1,93,440 |
| S-HNI (Min) |
14 |
1,120 |
₹2,08,320 |
| S-HNI (Max) |
67 |
5,360 |
₹9,96,960 |
| B-HNI (Min) |
68 |
5,440 |
₹10,11,840 |
Financial highlights of GPT Healthcare Ltd
The table below captures the key financials of GPT Healthcare Ltd for the last 3 completed financial years.
| Particulars |
FY23 |
FY22 |
FY21 |
| Net Revenues (₹ in crore) |
361.04 |
337.42 |
242.75 |
| Sales Growth (%) |
7.00% |
39.00% |
|
| Profit after Tax (₹ in crore) |
39.01 |
41.66 |
21.09 |
| PAT Margins (%) |
10.80% |
12.35% |
8.69% |
| Total Equity (₹ in crore) |
165.36 |
158.18 |
133.90 |
| Total Assets (₹ in crore) |
326.76 |
323.22 |
317.21 |
| Return on Equity (%) |
23.59% |
26.34% |
15.75% |
| Return on Assets (%) |
11.94% |
12.89% |
6.65% |
| Asset Turnover Ratio (X) |
1.10 |
1.04 |
0.77 |
| Earnings per share (₹) |
4.88 |
5.21 |
2.64 |
Data Source: Company RHP filed with SEBI (FY refers to Apr-Mar period)
Disclaimer:
- IPO Grey Market Premium (GPT Healthcare IPO GMP) mention is valid for the specific date as mentioned in the header.
- We are not buying and selling IPO forms on IPO Grey Market.
- Kostak Rate is the premium one gets by selling his/her IPO application (in an off-market transaction) to someone else even before allotment or listing of the issue.
- Do not subscribe for IPO by just seeing the premium Price as it may change anytime before listing. Subscribe only considering the fundamentals of the companies.
Resources:
- https://www.livemint.com/market/ipo/gpt-healthcare-ipo-gmp-review-to-subscription-status-apply-or-not-11708756619068.html
- https://ipowatch.in/gpt-healthcare-ipo-subscription-status/
- https://www.businesstoday.in/markets/ipo-corner/story/gpt-healthcare-ipo-subscribed-60-on-day-2-so-far-retail-portion-fully-booked-418694-2024-02-23
- https://www.indiatoday.in/business/story/gpt-healthcare-ipo-subscribe-or-skip-latest-subscription-issue-size-price-band-2505575-2024-02-22
- https://www.valueresearchonline.com/stories/54270/gpt-healthcare-ipo/
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1 thought on “All You Need To Know About The Big GPT Healthcare IPO 2024 – GMP, Targets, Investor Analysis & Future”
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