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- By Aditya Pratap Singh
- Mon, 19 Feb 2024 12:37 PM (IST)
- Source:PTI
GPT Healthcare IPO: GPT Healthcare Ltd, which owns and operates mid-sized multi-speciality hospitals under the ILS Hospitals brand, on Monday announced a price band of rs 177-186 for its Rs 502 crore initial public offering (IPO).
The public offering will be open for public subscription between February 22-26. Bids for anchor investors will be open for one day on February 21, the company said.
The IPO was led by private equity firm BanyanTree, which owns 32.64 per cent or 2.6 crore equity shares. The offering is a combination of a fresh issue of up to 40 crore equity shares and an offer for sale (OFS) of up to 2.6 crore shares. BanyanTree is divesting its entire stake in the company.
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The company will use Rs 30 crore for loan repayment and general corporate purposes from the proceeds. Considering the upper limit of the price band, the issue size of the IPO is Rs 501.67 crores.
About GPT Healthcare
GPT Healthcare was established in 2000 with an eight-bed hospital in Kolkata, it was founded by Dwarika Prasad Tantia, Dr Om Tantia and Shree Gopal Tantia. At present, it operates four full-service multi-speciality hospitals with a total of 561 beds.
Lot size of GPt Healthcare IPO
Investors can bid for a minimum of 80 equity shares and thereafter in multiples of 80 equity shares. Total revenue increased by 7.3 per cent to Rs 361.03 crore in the fiscal from Rs 337.41 crore in the fiscal.
