GPT Healthcare IPO opens: Check price band, issue size before subscribing - Hindustan Times
close_game
close_game

GPT Healthcare IPO opens: Check price band, issue size before subscribing

Feb 22, 2024 11:34 AM IST

GPT Healthcare IPO: GPT Healthcare IPO basis of allotment of shares is likely to be finalised on February 27.

GPT Healthcare IPO: The price band for GPT Healthcare's initial public offering has been fixed in the range of 177 to 186 per equity share of the face value of 10. The date of subscription is scheduled for February 22. The IPO will close on February 26 and the allocation to anchor investors will take place on February 21.

GPT Healthcare IPO: The lot size is 80 equity shares and in multiples of 80 equity shares thereafter.
GPT Healthcare IPO: The lot size is 80 equity shares and in multiples of 80 equity shares thereafter.

GPT Healthcare IPO price: What is the price?

The price band has been fixed in the range of 177 to 186 per equity share.

Unlock exclusive access to the latest news on India's general elections, only on the HT App. Download Now! Download Now!

GPT Healthcare IPO: What is the lot size?

The lot size is 80 equity shares and in multiples of 80 equity shares thereafter. The IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), 15% for non-institutional Institutional Investors (NII), and 35% /for retail investors.

GPT Healthcare IPO: What are the company's plans?

Through the IPO, the company hopes to raise around 40 crore and issue up to 2.61 crore shares as part of an offer-for-sale (OFS) to raise funds.

Read more: Meet Shah Rukh Khan’s billionaire neighbour in Dubai with a net worth of…

GPT Healthcare IPO: How will the company use the proceeds?

The company intends to use the proceeds to finance general corporate objectives and full or partial repayment or payback of some existing loans.

GPT Healthcare IPO: What you need to know about the company?

GPT Healthcare operates mid-sized full service hospitals under the ‘ILS Hospitals’ name which provide integrated healthcare services. The company manages four multispecialty hospitals in West Bengal's Howrah, Dum Dum, Salt Lake, and Agartala.

GPT Healthcare IPO: When will the allotment of shares will be finalised?

GPT Healthcare IPO basis of allotment of shares is likely to be finalised on February 27. The company will initiate refunds on February 28 and the shares will be credited on the same day following refund.

GPT Healthcare IPO: When will it be listed?

GPT Healthcare share price is likely to be listed on BSE and NSE on February 29.

Elevate your career with VIT’s MBA programme that has been designed by its acclaimed faculty & stands out as a beacon for working professionals. Explore now!

Discover the complete story of India's general elections on our exclusive Elections Product! Access all the content absolutely free on the HT App. Download now!
Get latest news on Education along with Board Exam, Competitive Exam and Exam Result at Hindustan Times. Also get latest Job updates on Employment News
SHARE THIS ARTICLE ON
Share this article
  • ABOUT THE AUTHOR
    author-default-90x90

    Follow the latest breaking news and developments from India and around the world with Hindustan Times' newsdesk. From politics and policies to the economy and the environment, from local issues to national events and global affairs, we've got you covered.

SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Wednesday, May 29, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On