In an exciting development in the world of investments, GPT Healthcare Limited, a leading player in the healthcare sector, is gearing up to launch its Initial Public Offering (IPO) on February 22, 2024. With a focus on raising approximately Rs 525.14 crore, this IPO presents a lucrative opportunity for investors to partake in the growth story of Eastern India’s esteemed healthcare chain.

GPT Healthcare IPO: Your Essential Guide to Investing

1. IPO Dates

The IPO subscription period will commence on February 22, 2024, and conclude on February 26, 2024, providing investors with a five-day window to participate in this offering.

2. Price Band

Investors can acquire shares of GPT Healthcare within a price band ranging from Rs 177 to Rs 186 per share, offering flexibility and accessibility to a diverse range of investors.

3. Offer Details

GPT Healthcare’s IPO comprises a mix of fresh shares and an offer-for-sale, with the aim of raising Rs 525.14 crore. The offering includes:

Upon successful completion of the IPO, GPT Healthcare’s market capitalization is projected to reach Rs 1,500 crore, reflecting the company’s robust growth trajectory.

4. Objectives of the Issue

The net proceeds from the IPO will primarily be utilized for:

• Repayment or prepayment of outstanding borrowings
• General corporate purposes

5. Lot Size

Retail investors have the opportunity to bid for a minimum of 80 equity shares and in multiples thereof, ensuring accessibility and inclusivity in the investment process.

6. Company Profile

Established in 1989, GPT Healthcare Limited operates a network of mid-sized, multi-specialty hospitals under the brand ILS Hospitals in Eastern India. Headquartered in Kolkata, West Bengal, the company specializes in delivering integrated healthcare services with a focus on secondary and tertiary care across 35 specialties and super-specialties.

7. Financials of the Company

Key financial highlights for GPT Healthcare:

• Net profit recorded a Compound Annual Growth Rate (CAGR) of 36% to Rs 39 crore in FY23
• EBITDA grew at a CAGR of 20.53% to Rs 80 crore in FY23
• Net profit for the six months ended FY24 increased by 38.3% year-on-year to Rs 23.5 crore, with revenue growing by 18.7% to Rs 204.2 crore

8. Lead Managers

JM Financial Limited has been appointed as the book-running lead manager for the GPT Healthcare IPO, ensuring efficient handling of the offering process. Additionally, Link Intime India Private Ltd will serve as the registrar for the issue, facilitating seamless investor interactions.

9. Key Risks

Investors should be aware of the following risks associated with investing in GPT Healthcare:

• Dependency on hospitals in West Bengal for approximately 70% of revenue
• Outsourcing of service functions to third-party contractors
• Lease agreements for certain hospital premises

10. Listing Date

The tentative listing of GPT Healthcare IPO is scheduled for Thursday, February 29, 2024, on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) , offering investors an opportunity to capitalize on the company’s growth potential.

In conclusion, GPT Healthcare’s IPO presents investors with a unique opportunity to invest in a prominent player in Eastern India’s healthcare landscape. With a strong financial performance, robust business model, and strategic growth initiatives, GPT Healthcare is poised for success in the dynamic healthcare industry. Investors looking to diversify their portfolio and participate in the growth story of the healthcare sector should consider evaluating GPT Healthcare’s IPO as a viable investment option.

FAQ: GPT Healthcare IPO

1. What is the IPO price band for GPT Healthcare?
   • The price band for GPT Healthcare IPO ranges from Rs 177 to Rs 186 per share.
2. What is the lot size for retail investors?
   • Retail investors can bid for a minimum of 80 equity shares and in multiples thereof.
3. When does the IPO subscription period begin and end?
   • The IPO subscription period starts on February 22, 2024, and closes on February 26, 2024.
4. What are the objectives of the IPO proceeds?
   • The net proceeds from the IPO will be utilized for repayment or prepayment of outstanding borrowings and general corporate purposes.
5. What is the listing date for GPT Healthcare IPO?
   • GPT Healthcare IPO is scheduled to be listed on both BSE and NSE on Thursday, February 29, 2024.
6. Who are the lead managers for the IPO?
   • JM Financial Limited is the book-running lead manager for GPT Healthcare IPO.
7. What are some key risks associated with investing in GPT Healthcare?
   • Key risks include dependency on hospitals in West Bengal for revenue, outsourcing of service functions, and lease agreements for hospital premises.
8. What is the offer structure of the IPO?
   • The IPO comprises a mix of fresh issue of 0.22 crore shares and an offer-for-sale of 2.61 crore shares.
9. What is the projected market capitalization of GPT Healthcare post-IPO?
   • The company’s total market capitalization is estimated to reach Rs 1,500 crore post-IPO.
10. Where can investors find more information about GPT Healthcare IPO?
    • Investors can refer to the company’s prospectus and the official website of the stock exchanges for detailed information about the IPO.

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