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

Company Financials

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

Subscription Details

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

Allotment Details

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 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 171.87 211.84 242.75 337.42 361.04
Total Expenditure 135.71 176.04 193.76 263.58 286.69
Operating Profit 36.16 35.8 48.99 73.84 74.35
Other Income 3.02 4.23 6.11 4.99 5.69
Interest 10.16 14.12 13.75 11.15 9.16
Depreciation 8.54 11.08 12.47 13.59 14.91
Exceptional Items 0 0 0 0 0
Profit Before Tax 20.48 14.84 28.88 54.08 55.97
Provision for Tax 5.46 3.88 7.79 12.42 16.96
Net Profit 15.03 10.96 21.09 41.66 39.01
Adjusted EPS (Rs.) 0.28 0.2 0.39 0.52 0.49

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 17.94 57.94 57.94 79.9 79.9
Total Reserves 97.99 68.91 75.96 78.28 85.46
Borrowings 69.21 95.53 102.29 72.44 40.27
Other N/C liabilities 6.73 17.48 14.46 20.41 39.28
Current liabilities 54.82 64.68 60 68.48 81.84
Total Liabilities 246.69 304.55 310.65 319.51 326.76
Assets
Net Block 155.89 226.25 219.54 220.19 227.85
Capital WIP 32.02 1.77 0.29 0.72 2.61
Intangible WIP 0.71 0 0 0 0
Investments 0 0.71 0.71 5 5.17
Loans & Advances 10.73 13.17 3.73 7.78 9.78
Other N/C Assets 0.04 0.01 0.04 0.14 0.08
Current Assets 47.29 62.64 86.33 85.69 81.27
Total Assets 246.69 304.55 310.65 319.51 326.76
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2023
Other Income 1.18
Profit Before Tax 15.99
Tax 4.52
Profit After Tax 11.47
Adjusted EPS (Rs) 1.44

Share Holding Pattern

Promoter Pledging %

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

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 20.48 14.84 28.88 54.08 55.97
Adjustment 16.72 22.35 20.55 19.95 18.65
Changes in Assets & Liabilities -2.68 4.54 -9.09 5.46 2.03
Tax Paid -2.77 -0.27 2.65 -13.49 -10.29
Operating Cash Flow 31.74 41.46 42.99 65.99 66.35
Investing Cash Flow -30.98 -54.31 -16.45 -5.34 5.16
Financing Cash Flow 0.27 11.91 -22.11 -57.16 -73.18
Net Cash Flow 1.03 -0.93 4.43 3.49 -1.67
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