GPT Healthcare Limited
Book Built Issue IPO · NSE, BSE
- Price band
- ₹177 - ₹186
- Lot size
- 80 shares
- Issue amount
- ₹525.14 cr
- Total subscription
- 8.52×
- Opens
- 22 Feb 2024
- Closes
- 26 Feb 2024
- Allotment
- 27 Feb 2024
- Listing
- 29 Feb 2024
Offer at a glance
Issue overview
- Issue size
- 2,82,33,323 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹14,160
- Fresh issue
- ₹40 cr
- Offer for sale
- ₹485 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,880
- Issue type
- Book Built Issue IPO
- Shares before issue
- 7,99,04,286
- Shares after issue
- 8,20,54,823
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 80 | ₹14,880 |
| sHNI | 14 | 1,120 | ₹2,08,320 |
| bHNI | 68 | 5,440 | ₹10,11,840 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 105.03 | 1,816.92 |
| RETAIL | 183.8 | 448.06 |
| HNIs 2+ | 26.26 | 238.74 |
| HNIs 10+ | 52.51 | 629.03 |
Financial performance
Company financials
in ₹ Crore · Reported periods may include interim results.
Key performance indicators
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| EPS | 4.88 | 5.21 | 2.64 |
| ROE | 23.59 | 26.34 | 15.75 |
| ROCE | 26.09 | 25.04 | 14.48 |
| RONW | 23.77 | 26.54 | 15.9 |
| PRE IPO(PE) | 38.1 | 0 | 0 |
| POST IPO(PE) | 9.06 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Incorporated in 1989, GPT Healthcare Limited operates a chain of mid-sized, multi-specialty hospitals under the ILS Hospitals brand, providing integrated secondary and tertiary healthcare services in Eastern India. Headquartered in Kolkata, West Bengal, the company offers a comprehensive range of medical services across 35+ specialties and super-specialties, including nephrology, cardiology, neurology, gastroenterology, orthopaedics, laparoscopic surgery, and paediatrics. GPT Healthcare runs four hospitals with a total capacity of 561 beds, strategically located in Salt Lake (Kolkata), Dum Dum (Kolkata), Howrah, and Agartala. As of June 30, 2023, the company employed 1,855 professionals, including 85 full-time consultants and 465 visiting consultants, ensuring high-quality patient care and medical expertise.
Strengths
- Strategic Market Position: Its presence in underserved and high-density markets provides a competitive edge, driving both patient volumes and revenue growth.
- Optimized Hospital Infrastructure: The company’s focus on ‘right-sized’ hospitals ensures efficient capital utilization, maximizing returns while maintaining high-quality healthcare services.
- Diversified Specialty and Location Mix: A broad range of specialties and a strategic geographic footprint reduce dependence on any single market segment, making the business more resilient to industry shifts.
- Talent Magnetism: The ability to attract and retain top medical talent reinforces the company’s reputation for quality care, further strengthening patient trust and operational performance.
Risk factors
- Regional Economic and Political Conditions: Heavy reliance on hospitals in West Bengal makes the provider susceptible to local economic downturns, policy changes, and political instability, potentially disrupting operations.
- Specialty Dependency: Over-reliance on specific medical specialties may lead to revenue volatility if demand shifts or new medical trends emerge, necessitating diversification in service offerings.
- Dependency on Healthcare Professionals: With a strong reliance on consultancy-based doctors, recruitment and retention challenges could disrupt service continuity and affect patient satisfaction.
- Nurse Availability and Quality of Care: A shortage of trained nurses could impact the quality of care, increase regulatory scrutiny, and strain operational efficiency.
- Regulatory and Compliance Risks: Stringent healthcare regulations require continuous adherence, and any lapses could result in financial penalties, legal challenges, and reputational damage.
Promoters
GPT Sons Private Limited
Dwarika Prasad Tantia
Dr. Om Tantia
Shree Gopal Tantia
Registrar & documents
Lead manager
Jm Financial Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
GPT Centre, JC-25, Sector III, Salt Lake, Kolkata – 700106
+ (91) 33 4050 7000
[email protected]Company website ↗Understanding GPTHEALTH IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.