GPT Healthcare’s IPO: Today is the opening of subscriptions for the hospital chain GPT Healthcare Ltd., situated in Kolkata, to go public. The firm hopes to generate about Rs 40 crore through the IPO through the new issue and an Offer For Sale (OFS) of up to 2.61 crore shares. The price range that the corporation has specified for shares is Rs 177–186.
According to the company, Rs 30 crore of the proceeds from the new issue will be used to settle debt, with the remaining going toward general corporate objectives. BanyanTree Growth Capital II LLC, a Mauritius-based private equity fund, would sell its whole stake of around 2.60 crore equity shares, or 32.64 percent of the paid-up stock.
GPT Healthcare IPO Subscription Date:
The IPO subscription window will be available from February 22 to 26.
GPT Healthcare IPO Expected Allotment Dates:
IPO share allotments are expected on February 27, with refunds scheduled for February 28.
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GPT Healthcare IPO Expected List Dates:
On February 29, it is anticipated that the shares of GPT Healthcare will be placed on exchanges.
Under the ILS brand, GPT Healthcare manages a chain of mid-sized full-service hospitals that prioritize integrated healthcare services, with a particular focus on secondary and tertiary care. – GPT Healthcare’s IPO
With a Compound Annual Growth Rate (CAGR) of 21.95 percent in revenue from FY21 to FY23, the company has experienced notable growth, with revenue reaching Rs 361.04 crore in FY23. During the same period, EBITDA and profit after tax both experienced significant rises.
