GPT Healthcare IPO opens today. Subscribe or Not ?

IPO opens today. Subscribe or Not ?

The initial public offering (IPO) of GPT Healthcare Ltd has hit the Indian primary market today. The public issue will remain open for bidders till 26th February 2024

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The mid-sized multi-specialty hospital has fixed the price band of its public issue at ₹177 to ₹186 per equity share.

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The mid-sized multi-specialty hospital has fixed price band of the issue at ₹177 to ₹186 per equity share.

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On valuation parse at the upper band of Rs.186/-, the issue is asking for a Market Cap of Rs.1526/- cr. Based on annualized FY 2024 earnings and fully diluted post-IPO paid-up capital, the company is asking a P/E of 32.5x which looks fully priced offer.

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The mid-sized multi-specialty hospital aims to raise 525.14 crore from its public offer out of which only ₹40 crore is expected via the issuance of fresh shares.

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The public offer has garnered ₹157.54 crores from anchor investors ahead of its initial public offering that opens for public subscription on Thursday.

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This research serves educational and informational purposes only. It is not to be considered as a portfolio management service, basket recommendation, or investment advisory.
Investment in securities market are subject to market risks. Read all the related documents carefully before investing.

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