GPT Healthcare Limited operates a chain of mid-sized, multi-specialty, full-service hospitals in Eastern India under the ILS Hospitals brand, providing integrated healthcare services focusing on secondary and tertiary care.
The company offers a range of healthcare services in over 35 specialties and super-specialties, including internal medicine and diabetology, nephrology (including kidney transplant), laparoscopic and general surgery, gynaecology and obstetrics, intensive care, gastroenterology, orthopaedics and joint replacement, interventional cardiology, neurology, neurosurgery, paediatrics, and neonatology. It also offers integrated diagnostic services and pharmacies.
GPT Healthcare’s hospitals are located in four cities:
- Salt Lake, Kolkata (West Bengal) with a capacity of 85 beds, including 17 beds in various ICUs and HDUs (as of June 30, 2023)
- Agartala (Tripura) with a capacity of 205 beds (as of June 30, 2023), including 66 beds in various ICUs and HDUs
- Dum Dum, Kolkata (West Bengal) with a capacity of 155 beds, including 53 beds in various ICUs and HDUs as of June 30, 2023
- Howrah (West Bengal) with a capacity of 116 beds, including 43 beds in various ICUs and HDUs, as of June 30, 2023.
As at June 30, 2023, the company operates four multidisciplinary hospitals with a total capacity of 561 beds, offering a comprehensive range of healthcare services in over 35 specialties and super-specialties.
As at June 30, 2023, the company had 1,855 employees, 85 full-time consultants, and 465 visiting consultants.
GPT Healthcare IPO – Details
| IPO Opening Date | 22 February 2024 |
| IPO Closing Date | 26 February 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 2,82,33,323 Shares Worth ₹525.14 Crore Fresh Issue: 21,50,537 Shares Worth ₹40.00 Crore Offer For Sale: 2,60,82,786 Shares Worth ₹485.14 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹177 – ₹186 |
| Market Lot | 80 Shares |
| Min Order | 80 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
GPT Healthcare IPO – Date Schedule
| IPO Open Date | 22 February 2024 |
| IPO Close Date | 26 February 2024 |
| Basis of Allotment Date | 27 February 2024 |
| Initiation of Refund | 28 February 2024 |
| Credit of Shares to Demat Account | 28 February 2024 |
| IPO Listing Date | 29 February 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on 26 February 2024 |
GPT Healthcare IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 80 | ₹14,880 |
| Retail (Max) | 13 | 1,040 | ₹1,93,440 |
| S-HNI (Min) | 14 | 1,120 | ₹2,08,320 |
| S-HNI (Max) | 67 | 5,360 | ₹9,96,960 |
| B-HNI (Min) | 68 | 5,440 | ₹10,11,840 |
Competitive Strengths
- Key regional corporate healthcare company with a strong foothold in under-penetrated and densely populated healthcare delivery markets.
- ‘Right-sized’, full service and strategically located hospitals leading to high return on capital.
- Well diversified specialty mix and location mix.
- Ability to attract, train and retain quality medical professionals.
- Track record of operating and financial performance and growth.
- Professional management and experienced leadership.
- Investment in infrastructure, processes and clinical excellence driving affordability, and a strong value proposition for stakeholders.
Company Promoters
- GPT Sons Private Limited
- Dwarika Prasad Tantia
- Dr. Om Tantia
- Shree Gopal Tantia
Company Financials (Restated Consolidated)
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 248.86 | 219.98 | 21.09 | 122.93 |
| 31 March 2022 | 342.40 | 288.32 | 41.66 | 95.52 |
| 31 March 2023 | 366.73 | 310.76 | 39.00 | 64.67 |
| 30 September 2023 | 206.69 | 173.05 | 23.48 | 55.57 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 23.59% |
| ROCE | 26.09% |
| Debt/Equity | 0.39 |
| RoNW | 23.77% |
| P/BV | 9.06 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 4.88 | 0 |
| P/E (x) | 38.1 | 0 |
Object Of The Issue
- Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the company from banks and financial institutions; and
- General corporate purposes.
GPT Healthcare IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 2 | Global Health Limited | 90.29 |
| 2 | 10 | Krishna Institute of Medical Sciences Limited | 49.51 |
| 3 | 10 | Jupiter Life Line Hospitals Limited | 81.73 |
| 4 | 10 | Yatharth Hospital & Trauma Care Services Limited | 37.66 |
| 5 | 10 | Kovai Medical Center & Hospital Limited | 29.93 |
| 6 | 10 | Shalby Limited | 49.01 |
GPT Healthcare IPO Promoter Holding
| Pre Issue Share Holding | 67.34% |
| Post Issue Share Holding | 65.57% |
GPT Healthcare IPO Prospectus
Company Contact Information
| GPT Healthcare Limited GPT Centre, JC-25, Sector III, Salt Lake, Kolkata – 700106 Phone: + (91) 33 4050 7000 Email: ghl.cosec@gptgroup.co.in Website: https://www.gptgroup.co.in/gpt-healthcare/ |
GPT Healthcare IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: gpthealthcare.ipo@linkintime.co.in Website: https://linkintime.co.in/initial_offer/public-issues.html |
GPT Healthcare IPO Lead Manager(s)
| 1. JM Financial Limited |
GPT Healthcare IPO FAQs
| What is GPT Healthcare IPO? GPT Healthcare IPO is a main-board IPO. The issue is priced at ₹177 to ₹186 per equity share. The IPO is to be listed on BSE & NSE. |
| When GPT Healthcare IPO will open? The IPO is to open on 22 February 2024 for QIB, NII, and Retail Investors. |
| What is GPT Healthcare IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the GPT Healthcare IPO? You can apply GPT Healthcare IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the GPT Healthcare IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “GPT Healthcare”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the GPT Healthcare IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “GPT Healthcare“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the GPT Healthcare IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “GPT Healthcare”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the GPT Healthcare IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “GPT Healthcare”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is GPT Healthcare IPO Size? GPT Healthcare IPO size is ₹525.14 Crore. |
| What is GPT Healthcare IPO Price Band? GPT Healthcare IPO Price Band is ₹177 to ₹186. |
| What is GPT Healthcare IPO Minimum and Maximum Lot Size? The minimum bid is 80 Shares with ₹14,880 amount while the maximum bid is 1,040 Shares with ₹1,93,440. |
| What is the GPT Healthcare IPO Allotment Date? GPT Healthcare IPO allotment date is 27 February 2024. |
| What is the GPT Healthcare IPO Listing Date? GPT Healthcare IPO listing date is 29 February 2024. The IPO is to list on BSE and NSE. |
