GPT Healthcare IPO details, GMP, Date, Price, Allotment 2024

GPT Healthcare IPO Limited is coming up with its Initial public offering. The IPO will be open for subscription on February 22, 2024

GPT Healthcare IPO details


IPO Dates 22 – 26 February 2024
Issue Price INR 177 – 186 per share
Fresh issue INR 40 crore
Offer For Sale 26,082,786 shares
Total IPO size INR 525.14 crore
Minimum bid (lot size) 80 shares (INR 14,928)
Face Value  INR 10 per share
Retail Allocation 35%
QIB Shares Offered 50%
NII (HNI) Shares Offered 15%
Listing On BSE, NSE


Juniper Hotels IPO GMP


GPT Healthcare IPO – Date Schedule


IPO Opening Date 22 February 2024
IPO Closing Date 26 February 2024
Finalization of Basis of Allotment 27 February 2024
Refunds Initiation 28 February 2024
Transfer of shares to demat accounts 28 February 2024
Listing Date of IPO 29 February 2024


GPT Healthcare IPO – About Company 


GPT Healthcare Limited manages a network of mid-sized, multi-specialty hospitals in Eastern India branded as ILS Hospitals, delivering integrated healthcare services with a focus on secondary and tertiary care. 

Offering a wide spectrum of healthcare services across 35 specialties and super-specialties, including internal medicine, nephrology, surgery, obstetrics, and cardiology, along with integrated diagnostic services and pharmacies. 

With hospitals situated in Salt Lake, Kolkata; Agartala; Dum Dum, Kolkata; and Howrah, the company boasts a total capacity of 561 beds across these locations as of June 30, 2023. 

The workforce comprises 1,855 employees, including 85 full-time consultants and 465 visiting consultants as of the same date.


GPT Healthcare IPO details, GMP, Date, Price, Allotment 2024
GPT Healthcare IPO details, GMP, Date, Price, Allotment 2024


GPT Healthcare IPO – Industry Overview 


An estimated Rs. 892 billion has been allocated to the ministry of health and family welfare for the fiscal year 2024 from Rs. 764 billion revised National Health Mission saw an increase of 9.1% for fiscal 2024 with an allocation of Rs 368 billion from Rs 337 billion as per revised estimates in fiscal 2023.

Government schemes accounted for 34% of the Indian healthcare expenditure in 2021, with PMJAY’s contribution being less than 5%. Insurance accounted for 15-16%, while the major chunk came from cash/out of pocket expenses.

Barring the momentary hiccup in fiscal 2021, CRISIL MI&A estimates the Indian healthcare delivery industry to post healthy 9-11% compound annual growth rate between fiscals 2024 and 2028, driven by long term structural factors, strong fundamentals, increasing affordability and potential of the Ayushman Bharat scheme. 

CRISIL MI&A Research estimates the Indian healthcare delivery market to reach ~ Rs 6.3 trillion in value terms by end of fiscal 2024. The healthcare delivery market is expected to reach a market size of ~Rs 7 – 7.2 trillion in fiscal 2025 on back of the fundamental strengths of the sector & inherent structural strengths of the sector in the country. 


GPT Healthcare IPO Financial Performance


  FY 2022 FY 2023 H1 FY 2024
Revenue 337.42 361.04 204.18
Expenses 288.32 310.76 173.05
Net income 41.66 39.01 23.49
Margin (%) 12.35 10.80 11.50

Figures in INR Crores


GPT Healthcare IPO – Valuations & Margins


FY 2021 FY 2022 FY 2023
EPS 2.64 5.21 4.88
PE ratio 36.27 – 38.11
RONW (%) 15.90 26.54 23.77
NAV 16.60 19.64 20.54
ROCE (%) 14.48 25.04 26.09
EBITDA (%) 22.14 23.02 21.83
Debt/Equity 0.92 0.60 0.39



GPT Healthcare IPOCompetitive 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.


 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 GMP 


Date Day-wise IPO GMP Kostak Subject to Sauda
23 feb 15


GPT Healthcare IPO – Allotment Status


GPT Healthcare IPO allotment status will be available on Link Intime’s website. Click on this link to get allotment status.


GPT Healthcare IPO – Lots Size & Price


Application Lots Shares Amount ( Cut-Off)
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




Disclaimer-The content presented here is intended solely for analytical and educational purposes. If you consider investing, it is strongly advised to conduct your own thorough research. We do not endorse or recommend any specific stocks or initial public offerings (IPOs).



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