GPT Healthcare IPO opens today: Here’s what you need to know before investing

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The GPT Healthcare IPO opens today, offering equity shares in the price band of ₹177 to ₹186. With an aim to raise ₹525.14 crore through a fresh issue and an offer-for-sale, potential investors need to be well-informed before deciding to invest in this ₹525-crore issue.

Contents hide
1 Key Things to Know Before Investing:
2 FAQs:

Key Things to Know Before Investing:

  1. GPT Healthcare IPO Dates and Price Band: The IPO opens for subscription on Thursday, February 22, and closes on Monday, February 26. The price band is set at ₹177 to ₹186 per equity share of face value of ₹10.
  2. Lot Size and Offer Details: The lot size for the GPT Healthcare IPO is 80 equity shares, with multiples of 80 shares thereafter. The IPO comprises a fresh issue of ₹40 crore and an offer-for-sale of 26,082,786 equity shares by the investor selling shareholder.
  3. Objectives of the IPO: The company intends to use the net proceeds for general corporate objectives and full or partial repayment of existing loans obtained from banks and financial institutions.
  4. Listing Date and Allotment Details: The basis of allotment of shares is tentatively set for Tuesday, February 27, with refunds initiated on Wednesday, February 28. The shares are expected to be listed on BSE and NSE on Thursday, February 29.
  5. Lead Manager and Registrar: JM Financial Limited is the book running lead manager for the GPT Healthcare IPO, while Link Intime India Private Ltd. is the issue’s registrar.

FAQs:

  1. What is the reservation percentage for retail investors in the GPT Healthcare IPO?
  • Not less than 35% of the offer is reserved for retail investors.
  1. What is the grey market premium (GMP) for the GPT Healthcare IPO today?
  • The GPT IPO GMP was ₹0, indicating shares were trading at the issue price of ₹186 with no premium or discount.
  1. Who are the promoters of GPT Healthcare Ltd?
  • The promoters are GPT Sons Private Limited, Dwarika Prasad Tantia, Dr. Om Tantia, and Shree Gopal Tantia.
  1. How many hospitals does GPT Healthcare Ltd currently manage?
  • As of September 30, 2023, the company manages four multispecialty hospitals with a combined bed capacity of 561.
  1. What are the key specialities offered by ILS Hospitals under GPT Healthcare Ltd?
  • The hospitals provide services in more than 35 specialties and super specialties, including internal medicine, nephrology, critical care, orthopaedics, interventional cardiology, neurology, paediatrics, and more.

Investing in an IPO requires thorough research and understanding of the company’s fundamentals. Potential investors should carefully consider the above information before making any investment decisions in the GPT Healthcare IPO.

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