GPT Healthcare Ltd. IPO

GPT Healthcare, a leading Eastern Indian healthcare provider, operates 4 multispecialty hospitals with 561 beds. They focus on secondary and tertiary care, offering a wide range of specialties from cardiology to neonatology. Established in 2000 by Dr. Om Tantia, a renowned surgeon, they prioritize quality and affordability, catering to the underserved Eastern Indian market. Their success is reflected in a CAGR of 53.87% (FY2021-23) and a strong leadership team. With a commitment to patient care and regional expertise, GPT Healthcare is shaping Eastern India's healthcare landscape.

RHP
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DRHP
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Open Date

2024-02-22

Close Date

2024-02-26

GPT Healthcare Ltd. IPO Details

Check out the issue details for GPT Healthcare Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 186

Price Band

₹ 177 - 186

Issue Size

525.14 Cr.

Issue Type

Book Built

Open

2024-02-22

Close

2024-02-26

Listingprice

₹ 215

ListingGain

15.59%

Listing Date

2024-02-29

CMP

₹ 178.02

Current Return

-4.29%

Company Financials

You can get the following financial statements of GPT Healthcare Ltd. as of now.

The details about the GPT Healthcare Limited IPO is as:

  • The issue size of the IPO is 525.14 Cr.
  • The price band for GPT Healthcare Limited IPO is Rs 177 to Rs 186.
  • The shares of GPT Healthcare Limited IPO will list on 29th February 2024.
  • The latest tentative GMP of GPT Healthcare Limited IPO is Rs 10.
  • The shares of GPT Healthcare Limited IPO is subscribed 8.47 Times as of 4:35 pm, 26th February 2024.

 

GPT Healthcare Limited IPO Valuation

The approx valuation of GPT Healthcare Limited IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 186
Existing Shares (Qty) 7.99 Cr
Fresh Issue 40 Cr
Market Cap 1526.14 Cr
EPS (FY23) Rs 4.88
PE Ratio 38.11x
Industry PE 56.36x

 

GPT Healthcare Limited IPO Issue Size

GPT Healthcare Limited IPO issue size is 525.14 Cr

Issue Amount
Fresh Issue 40 Cr
Offer For Sale 485.14 Cr

 

GPT Healthcare Limited IPO Market Lot

An Individual can apply for a minimum 1 lot of 80 shares and a maximum of 13 lots of 1040 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 80 14,880
 Maximum 13 1040 1,93,440

 

GPT Healthcare Limited IPO share offer

The shares of GPT Healthcare Limited IPO is subscribed 8.47 Times as of 4:35 pm, 26th February 2024. The category-wise shares offered are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 17.30 Times
Non-Institutional Minimum 15% 10.92 Times
Retail Individual Minimum 35% 2.38 Times
Total   8.47 Times

Find below the dates for GPT Healthcare Limited IPO:

Schedule Date
Basis of Allotment 27 February 2024
Refunds 28 February 2024
Credit to Demat Account 28 February 2024
IPO Listing Date 29 February 2024

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 211.84 242.75 337.42 361.04 400.19
Total Expenditure 176.04 193.76 263.58 286.69 312.35
Operating Profit 35.8 48.99 73.84 74.35 87.84
Other Income 4.23 6.11 4.99 5.69 5.29
Interest 14.12 13.75 11.15 9.16 7.11
Depreciation 11.08 12.47 13.59 14.91 17.98
Exceptional Items 0 0 0 0 0
Profit Before Tax 14.84 28.88 54.08 55.97 68.04
Provision for Tax 3.88 7.79 12.42 16.96 20.27
Net Profit 10.96 21.09 41.66 39.01 47.77
Adjusted EPS (Rs.) 0.2 0.39 0.52 0.49 0.58

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 57.94 57.94 79.9 79.9 82.05
Total Reserves 68.91 75.96 78.28 85.46 136.44
Borrowings 95.53 102.29 72.44 40.27 3.62
Other N/C liabilities 17.48 14.46 20.41 39.28 46.2
Current liabilities 64.68 60 68.48 81.84 77.21
Total Liabilities 304.55 310.65 319.51 326.76 345.52
Assets
Net Block 226.25 219.54 220.19 227.85 224.05
Capital WIP 1.77 0.29 0.72 2.61 6.4
Intangible WIP 0 0 0 0 0
Investments 0.71 0.71 5 5.17 19.17
Loans & Advances 13.17 3.73 7.78 9.78 15.51
Other N/C Assets 0.01 0.04 0.14 0.08 0.23
Current Assets 62.64 86.33 85.69 81.27 80.16
Total Assets 304.55 310.65 319.51 326.76 345.52
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2023 Mar 2024 Jun 2024 Sep 2024
Other Income 1.18 1.59 2.24 2.8
Profit Before Tax 15.99 18.41 14.67 20.69
Tax 4.52 5.6 4.7 5.87
Profit After Tax 11.47 12.82 9.97 14.82
Adjusted EPS (Rs) 1.44 1.56 1.21 1.81

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 65.57 0
Jun 2024 65.57 0
Mar 2024 65.57 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 14.84 28.88 54.08 55.97 68.04
Adjustment 22.35 20.55 19.95 18.65 21.95
Changes in Assets & Liabilities 4.54 -9.09 5.46 2.03 -6.17
Tax Paid -0.27 2.65 -13.49 -10.29 -15.02
Operating Cash Flow 41.46 42.99 65.99 66.36 68.8
Investing Cash Flow -54.31 -16.45 -5.34 5.15 -25.21
Financing Cash Flow 11.91 -22.11 -57.16 -73.18 -48.5
Net Cash Flow -0.93 4.43 3.49 -1.67 -4.91
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