GPT Healthcare IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the GPT Healthcare IPO release date, IPO offer price, subscription, GPT Healthcare Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs [●] |
| Listing At | BSE, NSE |
| Min. Order Quantity | NA |
| Listing Date | NA |
| Offer for Sale | Rs Million |
| Fresh Issue | Rs 175 Million |
| IPO Size | Rs Million |
| Tick Size | 1 |
GPT Healthcare IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
GPT Healthcare IPO – Summary
They are one of the leading regional corporate healthcare companies in Eastern India in terms of the number of beds and hospitals, according to the CRISIL Report commissioned by them. They operate a chain of mid-sized multispecialty hospitals in Eastern India under the “ILS Hospitals” brand and provide integrated healthcare services, with a focus on secondary and tertiary care. As of September 30, 2021, they operate four multispecialty hospitals, with a total capacity of 556 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 and obstetrics, critical care, gastroenterology, orthopedics and joint replacements, interventional cardiology, neurology, neurosurgery, pediatrics, and neonatology.
The Promoter of this company is GPT SONS PRIVATE LIMITED, DWARIKA PRASAD TANTIA, DR OM TANTIA, AND SHREE GOPAL TANTIA. The lead manager to the issue is DAM Capital Advisors Limited and SBI Capital Markets Limited, and the Registrar to this issue is Link Intime India Private Limited.
GPT Healthcare IPO Date
The opening and the closing date of GPT Healthcare IPO are not available yet.
GPT Healthcare IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Check GPT Healthcare IPO LIVE Subscription
- GPT Healthcare IPO LIVE Bid details on BSE
- GPT Healthcare IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
GPT Healthcare IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
GPT Healthcare Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
GPT Healthcare IPO Price
The face value of each share is Rs.10, but the price band of the IPO is Rs.[●]
GPT Healthcare IPO Size
This Initial Public Issue of X Equity Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] Million.
GPT Healthcare IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.
Issue Size: X Equity Shares of Rs.10 each, aggregating to Rs.[●] Million
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GPT Healthcare IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – GPT Healthcare Share Price |
GPT Healthcare IPO Grey Market Premium
The GPT Healthcare Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
GPT Healthcare IPO – Company Overview
Each of their hospitals also provides integrated diagnostic services and pharmacies that cater to their patients. They strategically focus on the relatively underpenetrated healthcare market in Eastern India where they have an understanding of regional nuances, patient culture, and the mindset of medical professionals and where there is an under-penetration of quality and affordable healthcare services.
Their hospitals are strategically located in densely populated areas within a town or catchment area, which enables them to be more easily accessible to patients and their attendants for medical requirements.
As of March 31, 2021, their average capital expenditure per bed was Rs 5.17 million per bed (including land costs), which included two hospitals in a tier – 1 city, one hospital in a tier – 2 city, and one in a tier – 3 city, compared to the industry average (excluding land costs) of Rs 10 million to Rs 12 million per bed in tier – 1 city, Rs 5 million to Rs 8 million per bed in tier – 2 cities and Rs 2.5 million to Rs 5 million per bed in tier – 3 cities, for tertiary care hospitals.
They also benefit from medical value travel stemming from neighboring countries such as Bangladesh, Nepal, and Bhutan, from patients who prefer to obtain quality healthcare services in Eastern India, owing to a lower average cost of treatment for healthcare services compared to the northern, southern, and western parts of India.
GPT Healthcare IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | ||||
| 30-June-21 | 31-Mar-21 | Mar-20 | Mar-19 | |
| Total Assets | 3,348.55 | 3,171.78 | 3,084.55 | 2,576.57 |
| *Total Revenue | 916.36 | 2,488.63 | 2,160.78 | 1,747.33 |
| Total Expense | 722.22 | 2,199.80 | 2,012.39 | 1,543.54 |
| Profit After Tax | 161.46 | 210.93 | 109.56 | 149.52 |
Earnings per Equity Share (in Million)
| 30-June-21 | 31-Mar-21 | Mar-20 | Mar-19 | |
| Basic & Diluted | 6.06 | 7.92 | 4.11 | 5.61 |
Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 210.93 Million, Rs. 109.56 Million, and Rs. 149.52 Million respectively.
GPT Healthcare IPO – Promoters
The Promoter of this company is:
- GPT SONS PRIVATE LIMITED,
- DWARIKA PRASAD TANTIA,
- DR OM TANTIA
- SHREE GOPAL TANTIA
List of Related Parties (Key Managerial Personnel)
- Dwarika Prasad Tantia, Executive Chairman
- Dr. Om Tantia, Managing Director
- Anurag Tantia, Executive Director
- Aruna Tantia, Non- Executive Director
- Ghanshyam Goyal, Non-Executive Director
- Naval Jawarharlal Totla, Non-Executive Director
GPT Healthcare IPO – Promoters Holding
- Pre Issue Share Holding – %
- Pos Issue Share Holding – %
GPT Healthcare IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to X Equity Shares aggregating up to Rs.[●] Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 53,823,000 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
GPT Healthcare IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Purchase of medical equipment; and
2. General corporate purposes
GPT Healthcare IPO – Business Strategy
- Strengthen their existing hospitals and specialties
- Strategically grow their presence in adjacent markets
- Focus on flexible and asset-light expansion for quick break-even
- Implementation of initiatives to improve existing operational efficiencies
GPT Healthcare IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Well-positioned in under-penetrated healthcare delivery markets in prominent locations with a dense population
- Diversified specialty mix and location mix
- Track record of operating and financial performance and growth
- Mid-sized hospitals leading to high return on capital
- Ability to attract, train and retain quality medical professionals
- Professional management and experienced leadership
- Clinical excellence and affordability creating a value proposition to patients and attendants
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 2.64 | 15.90 | 16.75 |
| 31-Mar-20 | 1.37 | 8.72 | – |
| Mar-19 | 1.87 | 13.05 | – |
GPT Healthcare IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Millions) | |
| GPT Healthcare Limited | 10 | [●] | 2.64 | 15.90 | 2,488.63 |
| Listed Peers | |||||
| Apollo Hospitals Enterprise Ltd | 5 | 405.15 | 10.74 | 3.31 | 1,05,600 |
| Max Healthcare Institute Ltd | 10 | -211.13 | -1.59 | -3.40 | 25,047 |
| Fortis Healthcare Ltd | 10 | -181.31 | -1.45 | -0.81 | 40,301 |
| Narayana Hrudayalaya Ltd | 10 | -716.86 | -0.70 | -1.27 | 25,823 |
| Healthcare Global Enterprise Ltd | 10 | -14.31 | -17.02 | -39.00 | 10,134 |
| Krishna Institute of Medical Sciences Ltd | 10 | 43.52 | 26.87 | 27.60 | 13,299 |
| Shalby Ltd | 10 | 44.38 | 3.92 | 5.19 | 4,309 |
GPT Healthcare IPO Lead Managers
| Lead Managers |
| DAM Capital Advisors Limited
SBI Capital Markets Limited |
GPT Healthcare IPO Registrar to offer
| Registrar to the Offer |
| Link Intime India Private Limited C 101, 247 Park, L.B.S.Marg, Vikhroli (West), Mumbai – 400083 Tel: +91 22 4918 6200 E-mail: gpthealthcare.ipo@linkintime.co.in Investor grievance E-mail: gpthealthcare.ipo@linkintime.co.in Website: www.linkintime.co.in Contact Person: Shanti Gopalkrishnan SEBI Registration No.: INR000004058 |
GPT Healthcare IPO – Other Details
- Statutory Auditor – Singhi & Co., Chartered Accountants
- Legal Counsel to the Company – Trilegal
- Bankers to the Company – State Bank of India, Punjab National Bank, Axis Bank Limited, and HDFC Bank Limited
GPT Healthcare IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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GPT Healthcare Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
GPT Healthcare IPO Review FAQs
Ques – What is the Issue Size of GPT Healthcare IPO?
Answer – The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
Ques – What is the Price band of GPT Healthcare IPO?
Answer – The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the GPT Healthcare IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
Ques – What is the GPT Healthcare IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
Ques – What is the GPT Healthcare IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Ques – Who is the Registrar of GPT Healthcare IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of GPT Healthcare IPO?
Answer – Here are the promoters of this IPO – GPT SONS PRIVATE LIMITED, DWARIKA PRASAD TANTIA, DR OM TANTIA, AND SHREE GOPAL TANTIA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is the GMP of GPT Healthcare IPO?
Answer – They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is GPT Healthcare IPO good for Investment?
Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of GPT Healthcare Company?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Million is 210.93, 2020 is 109.56, 2019 is 149.52. PAT from June 2021 is 161.46.
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