GPT Healthcare Gets approval From SEBI for ₹500 Cr IPO

GPT Healthcare IPO, after filing its DRHP with market regulators SEBI last August, gets SEBI approval to raise up to ₹500 Cr through an initial share sale. The IPO comprises a fresh issue of equity shares worth 17.5 Cr and an Offer For Sale (OFS) of up to 2.98 crore equity shares by a promoter entity and an investor.

Currently, GPT Sons hold a 67.34 percent stake in GPT Healthcare, and BanyanTree Growth Capital II, LLC holds a 32.66 percent stake in the company with around collectively offloading 2.61 crore equity shares.

Established in 2000, GPT Healthcare started its operations with a hospital in Salt Lake, Kolkata. Currently, it operates 3 hospitals under the ILS Hospital brand in West Bengal and 1 in Tripura as well. The hospital chain comprises more than 550 beds. The hospital offers 35 specialty and super specialty healthcare services along with integrated diagnostic services.

5 Key things about GPT Healthcare

  • The first hospital started its operation in Kolkata with a capacity of 8 beds has now more than 85 beds.
  • The second hospital was set up in 2011 in Tripura, Agartala has a capacity of 205 beds.
  • The hospital in Dum Dum, inaugurated in 2013 has a bed capacity of 150 beds and is also authorized to perform renal transplants.
  • The hospital in Howrah started in 2019 is now filled with 116 beds.
  • Recently, the company signed an MoU and long-term lease agreement for a hospital with 140 beds in Ranchi with an investment of Rs 50 crore. The hospital in Ranchi is expected to start its operations in 2025.

GPT Healthcare IPO

Objectives of GPT Healthcare IPO

Funds from the net proceeds of fresh issue of shares will be used for the purchase of medical equipment and general corporate purposes.

Company Financials

Particulars (In Cr)

FY21

FY20

FY19

Revenue 

242.75

211.84

171.87

PAT

21.09

10.95

14.95

EPS

2.64

1.37

1.87

GPT Healthcare Book Running Lead Manager(s)

  • DAM Capital.
  • SBI Capital Markets.

Company Contact Details

JC 25, Sector-III,
Salt Lake,
Kolkata- 700098
Tel : +91-33-4050-7000
E-Mail: info@gptgroup.co.in

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