About GPT Healthcare LimitedIncorporated in 1989, GPT Healthcare Limited is one of the main corporate healthcare companies in Eastern India. It operates a chain of mid-sized hospitals under its ILS brand with a focus on secondary and tertiary care. It operates four multispecialty hospitals in Dum Dum and Howrah in West Bengal and Agartala in Tripura. As of 30 September 2023, it has a total capacity of 561 beds. Its comprehensive range of healthcare services includes 35 specialties and super specialties such as diabetology, nephrology, general surgery, and gynaecology along with integrated diagnostic services and pharmacies. The hospitals are strategically located in densely populated cities of Kolkata and Howrah with a bed occupancy rate of 59% as of September 2023. It has 1,902 employees, 91 full-time consultants, and 481 visiting consultants as of 30 September 2023. Its revenue from operations grew at a CAGR of 14% between FY21 and FY23, and 18% between Q2 FY23 and Q2 FY24. In the same time period, its profit saw a CAGR rise of 22% and 38%, respectively. Moreover, the healthcare delivery market in India is expected to grow at a CAGR of 9% to 11% between FY24 and FY28, which could be beneficial for the company. And now, GPT Healthcare Limited is coming out with its initial public offer (IPO). The IPO will be an offer for sale as well as a fresh issue. The money raised from the fresh issue will be utilised for repayment of borrowings and general corporate purposes. Its shares will be listed on the NSE and the BSE. Here are key details about the GPT Healthcare Limited IPO:
Financial snapshot
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Here’s a quick look at GPT Healthcare Limited IPO’s strengths, weakness, opportunities and risks (SWOT analysis)Strengths and opportunities
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GPT Healthcare Limited IPO details| GPT Healthcare Limited IPO dateAccording to the offer document filed by the company with the SEBI, the GPT Healthcare IPO’s opening date – in other words, the GPT Healthcare IPO launch date – will be 22nd February 2024. The GPT Healthcare IPO closing date is 26th February 2024. After this, investors will be updated about the allotment status on 27th February 2024. Investors, who have been allotted shares, can expect them to be credited to their demat account on 28th February 2024. The GPT Healthcare IPO listing date is 29th February 2024. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. | GPT Healthcare Limited IPO Price BandThe IPO is an offer for sale as well as a fresh issue. The GPT Healthcare IPO price band has been set between ₹177 and ₹186 per share. Interested investors can choose a price within this band to apply for the IPO. The GPT Healthcare IPO listing price will be determined on 29th February 2024. The listing price is the price at which a company’s shares debut on the stock exchanges. | GPT Healthcare Limited IPO Lot size The GPT Healthcare IPO details have been declared. The GPT Healthcare IPO lot size is set at 80 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the GPT Healthcare IPO issue size is approx ₹525 crore. |
How to pre-apply for the GPT Healthcare Limited IPO?You can pre-apply for the GPT Healthcare Limited IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription. Follow these steps to pre-apply for the IPO:
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How to apply for the GPT Healthcare Limited IPO?If you are interested in this investment opportunity but unsure how to apply for the GPT Healthcare Limited IPO, here we are listing out the steps for you. When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the GPT Healthcare Limited IPO on Upstox:
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How to check the GPT Healthcare LimitedIPO allotment status?When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. Here’s a step-by-step guide on how to check the GPT Healthcare Limited IPO allotment status:
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Open a demat account with Upstox to apply for the GPT Healthcare Limited IPOTo apply for the GPT Healthcare Limited IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app. Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right?
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Upstox – trading app to apply for the GPT Healthcare Limited IPOApplying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. You can apply for the GPT Healthcare Limited IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy. |
Pre-applying for the GPT Healthcare IPO means applying for this public issue before it goes live. Click here to pre-apply for the GPT Healthcare IPO on Upstox.
You can pre-apply for the GPT Healthcare IPO from 21st February 2024. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the GPT Healthcare IPO opens for the subscription.
The GPT Healthcare IPO launch date is 22nd February 2024. The GPT Healthcare IPO will be open for subscription till 26th February 2024.
The GPT Healthcare lot size is 80 shares and the minimum investment required is ₹14,160.
The GPT Healthcare IPO price band is ₹177 – ₹186 per share.
The size of the GPT Healthcare IPO is approx. ₹525 crore.
You can place up to three bids for an application.
No, the bids have to be placed in one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If shares are allotted, then they will be credited to your demat account on 28th February 2024.
GPT Healthcare shares will be on NSE and BSE.
GPT Healthcare shares’ listing date is 29th February 2024.