The initial share sale of GPT Healthcare Ltd, which operates and manages mid-sized multi-specialty hospitals under the ILS Hospitals brand, received 37 per cent subscription on the first day of offer on Thursday.
The Initial Public Offering (IPO) received 72,43,360 bids for shares against 1,97,63,327 shares on offer, as per NSE data.
The category for Retail Individual Investors (RIIs) got subscribed 66 per cent, while the quota for non-institutional investors received 18 per cent subscription.
On Wednesday, GPT Healthcare Ltd said it has collected Rs 157.54 crore from anchor investors.
The Rs 525 crore IPO is a combination of a fresh issue of equity shares aggregating to Rs 40 crore and an Offer For Sale (OFS) of up to 2.6 crore equity shares by private equity firm BanyanTree Growth Capital II.
BanyanTree, which holds 2.6 crore shares or 32.64 per cent stake, in Kolkata-based GPT Healthcare, is divesting its entire shareholding in the company.
Price range for the offer is Rs 177-
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