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Home > IPO > GPT Healthcare Ltd IPO

₹ 14880 / 80 shares

IPO Details

RHP/DRHP

Issue Date

22 Feb - 26 Feb'24

Investment/lot

₹ 14880

Price Range

177 - 186

Lot Size

80

IPO Size

₹ 525.14 Cr

IPO Listing Details

Listing On

29 Feb'24

Issue Price

186

Listed Price

₹ 215

Retail Gain/Listing Gain

▲15.59%

Start date

22/02/2024

End date

26/02/2024

Allotment of bids

27/02/2024

Refund Initiation

28/02/2024

Listing on exchange

29/02/2024

IPO Timeline

GPT Healthcare is one of the key regional corporate healthcare companies in Eastern India, in terms of the number of beds and hospitals as of FY23 (Source: CRISIL Report).

The company operates a chain of mid-sized full-service hospitals under the ILS brand and provides integrated healthcare services, with a focus on secondary and tertiary care.

With that, let's take a look at the competitive strength and risk factors for GPT Healthcare Limited:

Competitive Strengths

Strong foothold in under-penetrated and densely populated healthcare delivery markets

As of September 30, 2023, the company operates four full-service hospitals under the ILS brand, with an aggregate bed capacity of 561. The company’s growth in Eastern India is driven by the company’s prominent presence in densely populated areas of West Bengal, which have underpenetrated markets owing to a low number of private hospitals.

‘Right-sized’, full service and strategically located hospitals leading to high returns on capital

The company right-sizes its hospitals according to the needs of each sub-region in which it operates. For example, the company has entered into long-term leases for some hospitals and utilises land on long-term, low-cost terms to avoid high fixed rental costs, such as the land for its Salt Lake Hospital and Agartala Hospital, which hold leases of 999 years and 99 years, respectively. Accordingly, the company has been able to minimise lease expenses and lease renewal risks that would have otherwise driven up the cost of operations. Mid-sized hospitals also enable the company to incur lower capital expenditure per bed in comparison to other secondary care hospitals in India.

Track record of operating and financial performance and growth

The company has a consistent track record of expanding operations and has increased the bed capacity of hospitals from eight beds in July 2000 to 561 beds as of September 30, 2023. Its EBITDA margins were 22.14% for FY23, and 18.87% for the six months ended September 30, 2023.

Risk Factors

  • Approximately 70% of revenue from operations is from hospitals situated in West Bengal.
  • The company faces severe competition from other healthcare service providers.
  • The bed occupancy rate of the company is lower than some of its peers.

Key Strategies

  • Strengthen existing hospitals and their offerings and add new capabilities and specialties.
  • Strategically grow presence in adjacent markets.
  • Focus on flexible and asset-light expansion for quick break-even.

GPT Healthcare Ltd Key Financials

Here are the key financials for GPT Healthcare Limited:

Particulars (in Rs. million)

Particulars (in Rs. million)

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How to apply for an IPO using UPI

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How to apply for an IPO using UPI

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Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.

Here are the steps to apply for GPT Healthcare Ltd IPO:

Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.

Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.

Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.

Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.

Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.

GPT Healthcare Ltd IPO FAQs

GPT Healthcare Ltd IPO will list on 2024-02-29.

525.14 is the issue size of GPT Healthcare Ltd IPO.

The minimum lot size is 80 shares and the investment required is ₹14880.

The price band of GPT Healthcare Ltd IPO is ₹177 to ₹186.

You can read more about GPT Healthcare Ltd and its IPO from the company’s red herring prospectus (RHP) here.

The GPT Healthcare Limited IPO has an issue size of Rs. 525 crores. The IPO opens for subscription on 22nd February 2024 and closes on 26th February 2024.

Link Intime India Private Limited is the registrar for this IPO.

You may read more about GPT Healthcare Limited and its IPO from the company’s draft red herring prospectus (RHP) here:

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