GPT Healthcare IPO
GPT Healthcare IPO — date, price band, lot size & details 2024
GPT Healthcare listed on 29 Feb 2024 at ₹215, 15.6% above the ₹186 issue price.
GPT Healthcare runs mid-sized multi-specialty hospitals under the ILS Hospitals brand in West Bengal and Tripura, with 561 beds on 30 September 2023. Its total income was Rs 366.73 crore in FY2023.
Stock price
GPT Healthcare is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 22 Feb 2024
- Close 26 Feb 2024
- Allotment 27 Feb 2024
- Refund/credit 28 Feb 2024
- Listing 29 Feb 2024
Issue summary
The terms of the offer, as filed.
| IPO Dates | 22 to 26 Feb, 2024 |
|---|---|
| Price Band | ₹177 – ₹186 |
| Face Value | ₹10 |
| Lot Size | 80 Shares |
| Issue Size | ₹525.14 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,880 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 80 shares at the ₹186 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 80 | ₹14,880 |
| Retail (max) | 13 | 1,040 | ₹1,93,440 |
| S-HNI (min) | 14 | 1,120 | ₹2,08,320 |
| S-HNI (max) | 67 | 5,360 | ₹9,96,960 |
| B-HNI (min) | 68 | 5,440 | ₹10,11,840 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 248.86 crore in FY2021 to Rs 366.73 crore in FY2023.
- 02The source puts the PAT margin at 10.64% and return on net worth at 23.77%.
- 03Total borrowing fell from Rs 122.93 crore on 31 March 2021 to Rs 55.57 crore on 30 September 2023.
- 04The promoters did not sell shares, and it runs 4 hospitals with 561 beds.
- 05Profit after tax was Rs 23.49 crore in the six months to 30 September 2023.
Risks · 5
- 01Rs 485.14 crore of the Rs 525.14 crore issue was offer for sale, so only Rs 40.00 crore reached the company.
- 02The pre-issue P/E was 38.1 at the upper band of Rs 186, based on EPS of Rs 4.88.
- 03Profit after tax fell from Rs 41.66 crore in FY2022 to Rs 39.01 crore in FY2023.
- 04Three of its 4 hospitals serve most patients, all in eastern India, so local competition matters.
- 05Promoters and the promoter group held 67.34% before the issue and 65.57% after it.
Three years of numbers
All figures in ₹ crore, as reported in the GPT Healthcare offer document.
| Metric | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 332.09 | 326.76 | 323.22 | 317.21 |
| Total Income | 206.70 | 366.73 | 342.40 | 248.86 |
| Profit After Tax | 23.49 | 39.01 | 41.66 | 21.09 |
| NET Worth | 171.43 | 164.14 | 156.96 | 132.68 |
| Reserves and Surplus | 92.75 | 85.46 | 78.28 | 75.96 |
| Total Borrowing | 55.57 | 64.67 | 95.52 | 122.93 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the GPT Healthcare RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
GPT Healthcare IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹4.88 | ₹0.00 |
| P/E Ratio (x) | 38.10 | 32.49 |
| Market Cap at Offer Price (₹ Cr) | ₹895.32 | - |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹186 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹37.52 Cr of the issue is earmarked to named objects.
GPT Healthcare IPO Anchor Investors
15 anchor investors across 7 fund houses committed ₹157.55 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
On 30 September 2023 it operated four multi-specialty hospitals at Dum Dum, Salt Lake and Howrah in West Bengal and at Agartala in Tripura, with a total capacity of 561 beds.
It offers services across over 35 specialties and super specialties, and each hospital also has integrated diagnostics and pharmacies. Its main promoter is GPT Sons Private Limited.
The IPO was Rs 525.14 crore, with Rs 40.00 crore of fresh issue and Rs 485.14 crore of offer for sale by investor Banyan Tree. Rs 30.00 crore was planned for repaying borrowings.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
GPT Healthcare IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
JM Financial Ltd.
172 issues handledBest listing: Tata Technologies (+140.0%). Weakest: ACME Solar Holdings (-13.1%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of GPT Healthcare?
The current Grey Market Premium is ₹15, or 8% over the issue price.
What is the GPT Healthcare IPO price band?
₹177 to ₹186, on a face value of ₹10.
When is the allotment?
The basis of allotment is 27 February 2024, with listing on 29 February 2024.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
