About GPT Healthcare Limited
GPT Healthcare Limited is launching its IPO. The opens for subscription on 22nd February and will close on 26th February 2024.
What does GPT Healthcare Limited do?
Incorporated in 1989, GPT Healthcare Limited is a Kolkata-based regional corporate healthcare company in Eastern India operating under the brand name of ILS Hospitals.
As of September 30, 2023, The company operates four multispecialty hospitals in Dum Dum, Salt Lake, and Howrah in West Bengal and Agartala in Tripura with a total capacity of 561 beds.
They offer a comprehensive range of healthcare services across over 35 specialties and super specialties, including internal medicine and diabetology, nephrology (including renal transplants), laparoscopic and general surgery, gynecology etc. It also offers integrated diagnostic services and pharmacies.
What is the issue size of the GPT Healthcare IPO?
The 525.14 crore public offer of the company is a combination of a Fresh equity issue worth 40 crore and an offer for sale (OFS) worth Rs. 485.14 crore from the existing shareholders.
Financials of GPT Healthcare Limited IPO (₹ crores)
| Financial Year | Total Assets | Total Revenue | Profit After Tax | EBITDA | EPS |
| March 31, 2021 | 317.21 | 248.86 | 21.09 | 55.10 | 2.64 |
| March 31, 2022 | 323.22 | 342.40 | 41.66 | 78.82 | 5.21 |
| March 31, 2023 | 326.76 | 366.73 | 39.01 | 80.04 | 4.88 |
Risk factors to consider:
Geographical concentration: The company derives approximately 70% of its revenue from operations from our hospitals situated in West Bengal. Any impact on the revenue from these hospitals or any change in the economic or political conditions of West Bengal could materially affect its business, financial condition, results of operations, and cash flows.
Risks associated with promoters: The name of Ishwari Prasad Tantia, one of the members of the Promoter Group was published in the list of Wilful Defaulters by certain financial institutions. Additionally, NSDL has frozen his demat account due to non-compliance with certain provisions of the Listing Regulations by Tantia Constructions Limited.
Schedule/Timeline of GPT Healthcare Limited IPO
| Issue Period | 22nd February to 26th February 2024 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | February 27, 2024 |
| Initiation of Refunds | February 28, 2024 |
| Credit of Shares | February 28, 2024 |
| Date of Listing | February 29, 2024 |
| Mandate end date | March 12, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | March 28, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | May 28, 2024 |
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
How to apply to the GPT Healthcare Limited IPO?
You can apply for the GPT Healthcare Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for the GPT Healthcare Limited IPO?
You can check the allotment status for the GPT Healthcare Limited IPO on the website of the Registrar and Transfer agent.