The GPT Healthcare IPO is going to let people buy shares in their company starting tomorrow, February 22. This company runs several medium-sized hospitals called ILS Hospitals. They offer a lot of medical services like treating different diseases, doing surgeries, and caring for pregnant women and babies.
They have four hospitals in places like Howrah, Dum Dum, Salt Lake, and Agartala, with over 500 beds combined.
This is a good chance for the company to grow, and they want to use the money from selling these shares to pay off some debts and improve their business.
Here are some important things to know if you’re interested in buying shares in GPT Healthcare:
Table of Contents
1. Subscription Period:
The subscription period for the GPT Healthcare IPO begins on February 22 and concludes on February 26. During this time, interested investors can purchase shares of GPT Healthcare through the IPO.
2. Price Range:
Shares of GPT Healthcare will be available within a price range of ₹177 to ₹186 per share. This price range is determined based on various factors such as market conditions and the company’s valuation.
3. Lot Size:
Investors are required to buy shares in lots, with each lot consisting of a minimum of 80 shares. After purchasing the minimum lot, investors can buy additional shares in multiples of 80.
4. Anchor Investors:
Before the IPO opens to the public, anchor investors, typically institutional investors and high-net-worth individuals, have the opportunity to purchase shares on February 21.
5. Amount Raised:
GPT Healthcare aims to raise approximately ₹525.14 crore through the IPO. This capital will be raised through a combination of fresh issue shares and shares offered for sale by existing shareholders.
6. Utilization of Funds:
The funds raised from the IPO will be utilized for various purposes, including the repayment of existing debts and general corporate expenses.
7. Share Allotment and Crediting:
Investors will be informed about the allotment of shares by February 27, and the shares will be credited to their demat accounts by February 29.
8. Sale Management:
JM Financial Limited is the lead manager overseeing the sale of shares for the GPT Healthcare IPO. They are responsible for managing the pricing, marketing, and subscription process.
9. Reserved Shares:
A certain percentage of shares are reserved for different categories of investors, including qualified institutional buyers (QIBs), non-institutional investors, and retail investors.
10. Market Premium:
The grey market premium (GMP) indicates whether shares are trading above or below the IPO price in unofficial markets. Currently, shares are trading at the IPO price in the grey market.
11. Company Profile
GPT Healthcare Limited manages a series of medium-sized, comprehensive hospitals in Eastern India under the brand ILS Hospitals. HQ of the company is in Kolkata. It specializes in delivering integrated healthcare services with a focus on secondary and tertiary care. Operating in over 35 specialties and super-specialties, the company provides a diverse range of healthcare services.
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12. Area of concerns
- Dependence on West Bengal Hospitals: Around 70% of the company’s revenue comes from hospitals located in West Bengal. These hospitals serve a large number of GPT’s patients. Since all the hospitals are in the eastern region of India, any changes in West Bengal’s economic or political conditions could seriously affect the company’s business.
- Reliance on Third-Party Contractors: GPT Healthcare relies on third-party contractors for various services. If these contractors fail to deliver or make mistakes, it could harm the company’s business and reputation. For example, the company uses a third-party software system for tasks like managing patient information, billing, and inventory control.
- Leased Hospital Properties: Some of the lands on which GPT’s hospitals operate are not owned by the company but are leased for the long term. If there are any issues with the ownership rights of these properties or if the lease agreements are not renewed on favorable terms, it could lead to disruptions in the company’s operations.
13. Should you apply for GPT healthcare IPO
Our advise is that you should wait at least for the second day of application. If Institutional investors and retailers shows interest and GMP rises then only you should consider buying this IPO. Don’t worry we will update the GMP daily so just bookmark this post for quick update.
When is the subscription period for the GPT Healthcare IPO?
The subscription period for the GPT Healthcare IPO starts on February 22 and ends on February 26.
What is the price range for shares in the GPT Healthcare IPO?
Shares of GPT Healthcare will be available within a price range of ₹177 to ₹186 per share.
How much does GPT Healthcare aim to raise through the IPO, and how will the funds be utilized?
GPT Healthcare aims to raise approximately ₹525.14 crore through the IPO. The funds raised will be used for various purposes, including debt repayment and general corporate expenses.
What is the minimum lot size for purchasing shares in the GPT Healthcare IPO?
Investors are required to buy shares in lots, with each lot consisting of a minimum of 80 shares.
When will investors know about the allotment of shares, and when will the shares be credited to their accounts?
Investors will be informed about the allotment of shares by February 27, and the shares will be credited to their demat accounts by February 29.
Who is managing the sale of shares for the GPT Healthcare IPO?
JM Financial Limited is the lead manager overseeing the sale of shares for the GPT Healthcare IPO.
What does the grey market premium (GMP) indicate about the IPO?
The grey market premium (GMP) reflects whether shares are trading above or below the IPO price in unofficial markets. Currently, shares are trading at the IPO price in the grey market.
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Disclaimer:
The information provided about the risks associated with GPT Healthcare is for general understanding and should not be considered as financial advice. It’s essential to conduct your own research or consult a financial advisor before making any investment decisions. Additionally, some links in this content may be affiliate links, which means we may earn a commission if you make a purchase through them. However, this does not affect our recommendations or the price you pay.