Subscribe To Our Free Newsletter |
GPT Healthcare IPO receives 8.5 times subscription on final day of bidding
The initial share-sale of GPT Healthcare Ltd, which operates and manages mid-sized multi specialty hospitals under the ILS Hospitals brand, was subscribed 8.52 times on the final day of the offer on Monday.
The Initial Public Offering (IPO) of GPT Healthcare received 16,84,27,600 bids against 1,97,63,327 shares on offer, as per NSE data.
The category for Qualified Institutional Buyers (QIBs) got subscribed 17.30 times, while the quota for Non-Institutional Investors received 11.02 times subscription. The portion for Retail Individual Investors (RIIs) got subscribed 2.44 times.
On February 21, 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