IPO Details

Bidding Dates

22 Feb '24 - 26 Feb '24

Minimum Investment

₹14,880 / 1 Lot ( 80 Shares )

Price Range

₹177 - ₹186

Maximum Investment

₹193,440 / 13 Lots ( 1040 Shares )

Retail Discount

Not Applicable

Issue Size

₹525.14 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Retail Individual Investors  |   Non-institutional Investor  |  

IPO Dates

Important dates with respect to IPO allotment and listing

Opening Date

Feb 22, 2024

Closing Date

Feb 26, 2024

Basis of Allotment

Feb 27, 2024

Initiation of Refunds

Feb 28, 2024

Credit of Shares to Demat

Feb 28, 2024

Listing Date

Feb 29, 2024

Cut-off time for UPI mandate confirmation

Feb 26, 2024

IPO Subscription Details


Day 1Feb 22, 2024

0.00x 0.18x 0.64x 0.36x

Day 2Feb 23, 2024

0.19x 0.79X 1.25x 0.85X

Day 3Feb 26, 2024

17.30x 10.97x 2.42x 8.50x

IPO Subscription Status Live

Investor Category Subscription (Times)
Qualified Institutional Buyers 17.30x
Non-Institutional Buyers 10.97x
Retail Investors 2.42x
Total 8.50x

About GPT Healthcare Ltd

GPT Healthcare is one of the key regional corporate healthcare companies in Eastern India in terms of the number of beds and hospitals as of Fiscal Year 2023. They operate a chain of mid-sized full-service hospitals where they provide integrated healthcare services with a focus on secondary and tertiary healthcare. As of September 30, 2023, they operate 4 multispeciality hospitals located in Dum Dum, Salt Lake and Howrah in West Bengal as well as Agartala in Tripura, with an overall capacity of 561 beds.

They offer a comprehensive set of healthcare services across over 35 specialities and super specialities. These areas include internal medicine and diabetology, nephrology (including renal transplants), gynaecology and obstetrics, laparoscopic and general surgery, critical care, gastroenterology, orthopaedics and joint replacements, neurology, interventional cardiology, neurosurgery, paediatrics, and neonatology. Each of their hospitals also provides diagnostic services and pharmacies.

It is estimated that the Indian healthcare delivery industry will grow at a 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. An organised player in such a growing industry has great growth potential.

GPT Healthcare Ltd IPO Details

GPT Healthcare Ltd IPO Dates

The dates for bidding for the GPT Healthcare IPO are February 22, 2024, to February 26, 2024.

GPT Healthcare Ltd IPO Price Band

GPT Healthcare is a book-built IPO. The exact price range is ₹73 to ₹77 per share.

GPT Healthcare Ltd IPO Lot Size

The GPT Healthcare Ltd IPO lot size is 80 shares per lot.

GPT Healthcare Ltd IPO Objectives

The net proceeds from the fresh issue portion of the IPO are proposed to be utilised towards the following objectives:

  1. Repayment, fully or partially, of certain outstanding borrowings of the company taken from banks and financial institutions.
  2. General corporate purposes.

Peer Details

The following are the listed peer companies of GPT Healthcare in India:

  1. Global Health Limited
  2. Krishna Institute of Medical Sciences Limited
  3. Jupiter Life Line Hospitals Limited
  4. Yatharth Hospital & Trauma Care Services Limited
  5. Kovai Medical Center & Hospital Limited
  6. Shalby Limited

How To Check the Allotment Status of the GPT Healthcare Ltd IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of GPT Healthcare Ltd

Registered office: GPT Centre, JC-25, Sector III, Salt Lake, Kolkata – 700106, West Bengal

Phone: + (91) 33 4050 7000

E-mail: ghl.cosec@gptgroup.co.in

IPO Financials

Particulars Year Ending on March 31, 2023 Year ending on March 31, 2022 Year ending on March 31, 2021
Total Revenue 3,667.31 3,424.03 2,488.63
Net Profit 390.08 416.63 210.93
Inventory Turnover Ratio 8.50 12.00 8.91
Debt Service Coverage Ratio 1.70 1.72 1.93

Know before investing


  1. The company’s operations are strategically located in Eastern India where there is a high unmet demand for organised healthcare services. The company has over 20 years of expertise in providing healthcare services in Eastern India since 2000. This puts it at an advantage in serving a major market.

  2. Their services are highly diversified, with multiple healthcare delivery verticals that serve multiple economic segments. Their operations encompass primary to tertiary services and position them to be a one-stop destination for patient needs. They offer a comprehensive set of healthcare services across over 35 specialities and super specialities. This increases their opportunities for revenue as well as reduces concentration risk.

  3. In FY 2023, FY 2022, and FY 2021, 94.74%, 94.63%, and 87.90% respectively, of their revenue from operations was from private insurance patients or walk-in cash patients. This leads to a shorter receivables cycle and largely uninterrupted cash flow for the company.


  1. They derive approximately 70% of their revenue from operations from the West Bengal hospitals, serving a significant percentage of their patients. This represents a significant geographical concentration and can be counted as a risk to their operations.

  2. Having a diversified set of offerings puts GPT Healthcare in competition against various hospitals, clinics, diagnostic chains, and dispensaries of varying sizes and specialities. Too much competition can limit their long-term growth potential.

  3. The bed occupancy rate of the company is lower than some of their listed peers. This shows a significant issue for the company in a competitive environment.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

GPT Healthcare Ltd IPO FAQs

What is GPT Healthcare Ltd's IPO?

GPT Healthcare IPO is a book-built IPO. The dates for the IPO are February 22, 2024, to February 26, 2024.

When will GPT Healthcare Ltd's IPO be allotted?

The basis of allotment will be finalised on Tuesday, February 27, 2024. The shares will be credited to the demat accounts on Wednesday, February 28, 2024.

When will GPT Healthcare Ltd's IPO open for subscription?

The IPO subscription window is from February 22, 2024, to February 26, 2024.

What minimum lot size can retail investors subscribe to?

The lot size for the IPO will be 80 shares per lot.

When will GPT Healthcare Ltd list on exchanges?

GPT Healthcare Ltd will be listed on the NSE and BSE on Thursday, February 29, 2024.

What would be the listing gains on the GPT Healthcare Ltd IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. The date of listing is Thursday, February 29, 2024.

I have finished the application process for the GPT Healthcare Ltd IPO, but the funds still need to be debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.

How do I approve the UPI mandate request for GPT Healthcare Ltd's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of GPT Healthcare Ltd using one PAN?

You can submit only one application using your PAN card.