New Delhi: GPT Healthcare Ltd, a Kolkata-based hospital chain, has disclosed its plans for an preliminary public providing (IPO), setting the worth band at Rs 177-186 per share. The IPO goals to lift roughly Rs 40 crore from the contemporary challenge and plans to lift further funds by way of an Offer For Sale (OFS) of as much as 2.61 crore shares.
GPT Healthcare IPO: Subscription Dates
The IPO subscription window is scheduled to be open from February 22 to 26, with the anchor ebook opening on February 21. (Also Read: Nothing CEO Carl Pie Became ‘Carl Bhai’ In Twitter Bio, But Why So?)
GPT Healthcare IPO: Allotment Dates
IPO share allotments are anticipated on February 27, whereas refunds are slated for February 28. (Also Read: Google Offers 300% Salary Hike To Retain Employee; Read More)
GPT Healthcare IPO: Listing
If all goes as deliberate, the shares are anticipated to be listed on exchanges on February 29.
Utilization Of Funds
Of the proceeds from the contemporary challenge, Rs 30 crore might be earmarked for debt reimbursement, with the rest allotted for basic company functions.
BanyanTree Growth Capital II LLC, a Mauritius-based non-public fairness fund, might be divesting its total shareholding of over 2.60 crore fairness shares, representing 32.64 p.c of the paid-up fairness.
Company Background
GPT Healthcare operates a sequence of mid-sized full-service hospitals below the ILS model, specializing in built-in healthcare providers with an emphasis on secondary and tertiary care.
The firm has recorded vital development, with a 21.95 p.c Compound Annual Growth Rate (CAGR) in income from FY21 to FY23, reaching Rs 361.04 crore in FY23. Profit after tax and EBITDA additionally noticed substantial development throughout the identical interval.
Operational Details
The hospital chain at the moment operates 4 multispecialty hospitals throughout West Bengal and Tripura, with a complete capability of 561 beds. JM Financial is serving because the lead supervisor to the problem, whereas Link Intime India is appointed because the registrar.
Source: zeenews.india.com
