GPT healthcare Raises Rs.157.54 crores from Anchor Investors & their IPO opens Today
One of the famous players of Healthcare and health tech industry GPT Healthcare has secured Rs.157.54 crores from anchor investors just before the introduction of their ‘Initial Public Offering’ which will be opened for public subscription today.
To the respective stock exchange, the company has informed that, it has allocated 84,69,996 equity shares at Rs.186 per share on Wednesday, February 21,2024, to anchor investors.
In the financial deal, Foreign and Domestic Institutions who participated were, Kotak Mutal Fund, Axis Mutual Fund, Bandhan Mutual Fund, Aditya Birla Life Insurance, Societe Generale, Duro One Investments Limited, India Capital Growth Fund, Copthall Mauritius, LC Pharos Multi Strategy Fund, Subhkam Ventures and DE Shaw.
Out of the total allocation of 84,69,996 equity shares to the anchor investors, 38,09,760 equity shares were allocated to 3 domestic mutual funds through a total of 7 schemes amounting to Rs.70.86 crore (approx.) i.e. 44.98 percent of the total anchor book size.
JM Financial Limited is the sole book-running the lead manager to the Issue and Link In time India Private Limited, is acting as the registrar of the offer. The equity shares are proposed to be listed on the BSE and NSE.
GPT Healthcare IPO is a book built issue of Rs.525.14 crores, which is a combination of fresh issue of 0.22 crore shares aggregating to Rs.40 crores and offer for sale of 2.61 crore shares aggregating to Rs.485.14 crores.
For all the mid-sized multispecialty hospitals operators, subscription will be opened from 22nd Feb and it will continue till February 26, 2024. GPT Healthcare’s IPO price band is set at rs.177 to Rs.186 per share. Investors can bid for a minimum of 80 equity shares and in multiples of 80 equity shares thereafter.
The allotment for the GPT Healthcare IPO is expected to be finalized on Tuesday, February 27, 2024. The IPO will list on BSE, NSE with tentative listing date fixed as Thursday, February 29, 2024.
The offer regarding the IPO will be made through Book Building Process, in which not more than 50% of the offer will be available for allocation to Qualified Institutional Buyers and less than 15% of the offer shall be available for allocation to Non-Institutional Bidders. Last but not the least more or equal to 35% of the Offer shall be available for allocation to Retail Individual Bidders.
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To the respective stock exchange, the company has informed that, it has allocated 84,69,996 equity shares at Rs.186 per share on Wednesday, February 21,2024, to anchor investors.
In the financial deal, Foreign and Domestic Institutions who participated were, Kotak Mutal Fund, Axis Mutual Fund, Bandhan Mutual Fund, Aditya Birla Life Insurance, Societe Generale, Duro One Investments Limited, India Capital Growth Fund, Copthall Mauritius, LC Pharos Multi Strategy Fund, Subhkam Ventures and DE Shaw.
Out of the total allocation of 84,69,996 equity shares to the anchor investors, 38,09,760 equity shares were allocated to 3 domestic mutual funds through a total of 7 schemes amounting to Rs.70.86 crore (approx.) i.e. 44.98 percent of the total anchor book size.
JM Financial Limited is the sole book-running the lead manager to the Issue and Link In time India Private Limited, is acting as the registrar of the offer. The equity shares are proposed to be listed on the BSE and NSE.
GPT Healthcare IPO is a book built issue of Rs.525.14 crores, which is a combination of fresh issue of 0.22 crore shares aggregating to Rs.40 crores and offer for sale of 2.61 crore shares aggregating to Rs.485.14 crores.
For all the mid-sized multispecialty hospitals operators, subscription will be opened from 22nd Feb and it will continue till February 26, 2024. GPT Healthcare’s IPO price band is set at rs.177 to Rs.186 per share. Investors can bid for a minimum of 80 equity shares and in multiples of 80 equity shares thereafter.
The allotment for the GPT Healthcare IPO is expected to be finalized on Tuesday, February 27, 2024. The IPO will list on BSE, NSE with tentative listing date fixed as Thursday, February 29, 2024.
The offer regarding the IPO will be made through Book Building Process, in which not more than 50% of the offer will be available for allocation to Qualified Institutional Buyers and less than 15% of the offer shall be available for allocation to Non-Institutional Bidders. Last but not the least more or equal to 35% of the Offer shall be available for allocation to Retail Individual Bidders.
