The GPT Healthcare IPO has set its worth band between Rs 177 to Rs 186 per fairness share with a face worth of Rs 10. The subscription interval for the IPO is scheduled from Thursday, February 22, to Monday, February 26, whereas the allocation to anchor traders will happen on Wednesday, February 21.
The flooring worth of the IPO stands at 17.7 occasions the face worth, and the cap worth is eighteen.6 occasions the face worth. Based on diluted EPS for fiscal 2023, the value/earnings ratio on the flooring worth is 36.27 occasions and on the cap worth is 38.11 occasions, in comparison with the typical trade peer group P/E ratio of 56.36.
The IPO lot dimension is ready at 80 fairness shares, with multiples of 80 fairness shares thereafter. The allocation for the general public issue reserves not more than 50 per cent of shares for certified institutional consumers (QIB), not lower than 15 per cent for non-institutional traders (NII), and not lower than 35 per cent for retail traders.
GPT Healthcare goals to lift roughly Rs 40 crore by a contemporary issue and plans to issue as much as 2.61 crore shares as a part of an offer-for-sale (OFS) to lift extra funds. The web proceeds will likely be utilized for common company functions and for full or partial compensation of current loans obtained from banks and monetary establishments.
Operating underneath the ‘ILS Hospitals’ model, GPT Healthcare manages a series of mid-sized full-service hospitals, offering built-in healthcare providers with a concentrate on secondary and tertiary care. Offering a variety of medical providers in over 35 specialties and tremendous specialties, the corporate operates 4 multispecialty hospitals in West Bengal’s Howrah, Dum Dum, Salt Lake, and Agartala, with a mixed mattress capability of 561 as of September 30, 2023.
