GPT Healthcare IPO share allotment expected on February 27: Steps to check status online

After the successful closure of the subscription window for its ₹525- crore initial public offering, hospital chain GPT Healthcare Ltd is expected to announce the share allotment on Tuesday, February 27.

Successful bidders will be notified by the company through SMS and emails after the GPT Healthcare IPO share allotment is finalised. The company will initiate refunds as well as credit of shares to demat accounts on February 28.

Shares of GPT Healthcare will be listed on both BSE and NSE on Thursday, February 29.

Investors can check the status of share allotment on the official websites of NSE, BSE and IPO registrar. Link Intime India Private Ltd is the registrar of the GPT Healthcare public issue.

How to check status on the registrar's website?

Follow these steps to check the IPO share allotment status on the website of Link Intime India Private Ltd.

• Go to Link Intime India Pvt ltd website (https://www.linkintime.co.in/)
• Click on Investor Services and select Public Issues.
• Choose GPT Healthcare from the dropdown list for company names. The company name will not appear on the list if the share allotment is not finalised.
• Enter either your PAN, application No, DP/Client ID or Account No/IFSC
• Click on the ‘Submit’ button to check allotment status.

Steps to check IPO share allotment status on NSE website

• Visit NSE website (https://www.nseindia.com).
• Login with username and password (Investors need to create username and password on the official website of NSE for checking the IPO allotment status).
• Select GPT Healthcare IPO.
• Verify PAN details.
• Enter IPO application Number.
• Click on Submit.

GPT Healthcare Ltd IPO details

The GPT Healthcare Ltd IPO was subscribed over 8.5 times on the final day of the bidding on February 26. The issue opened for subscription on February 22.

Drawing a decent demand from investors, the initial public offering garnered bids for more than 16.84 crore shares as against 1.97 crore (1,97,63,327) equity shares on offer.

According to the exchange data, the qualified instructional buyers’ (QIBs) segment of the maiden public offer received the strongest response. The QIBs segment received applications for 9.76 crore (9,76,84,000) equity shares compared to 56.46 lakh (56,46,664) shares on offer, resulting in oversubscription of more than 17.3 times.

The non-institutional investors (NII) category of GPT Healthcare Ltd IPO received applications for 4.66 crore (4,66,54,160) equity shares against 42.34 lakh (42,34,999) shares set aside for the segment. The category was subscribed 11.02 times.

The retail individual investors (RII) category received applications for 2.40 crore (2,40,89,440) equity shares against 98.98 lakh (98,81,664) equity shares on offer, reflecting subscription 2.44 times.

GPT Healthcare IPO Details

GPT Healthcare IPO comprised a fresh issue of around ₹40 crore and on offer for shares component of ₹485 crore or 26,082,786 equity shares. The company fixed the IPO price band at ₹177 to ₹186 per share for the issue. The lot size of GPT Healthcare IPO was 80 shares. The minimum investment was ₹14,880 for retail investors.

The hospital chain will utilise the IPO proceeds for paying debt obligations and financing other general corporate purposes.

About GPT Healthcare Ltd

GPT Healthcare Ltd operates a chain of multi-specialty hospitals under the ILS Hospitals brand mainly in eastern India. The total bed capacity is 560 across its four hospitals. It is focused on secondary and tertiary care hospital services. The company also offers diagnostic and pharmacy services.