Gpt Healthcare Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
Back arrow

GPT Healthcare

CMP

146.35

-1.30 (-0.88%)

  • DRHP
₹186

Offer Price

₹ 525.14 Cr

Issue Size

₹ 14,880

Min Investment

8.52x

Times Subscribed

80

Lot size

Time Line

  • 22
    Feb 2024
    Open
  • 26
    Feb 2024
    Close
  • 27
    Feb 2024
    Finalisation of Basis of Allotment
  • 28
    Feb 2024
    Initiation of Refunds
  • 28
    Feb 2024
    Transfer of Shares to Demat Account
  • 29
    Feb 2024
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Strengthen its existing hospitals and its offerings and add new capabilities and specialties

  • Strategically grow its presence in adjacent markets

  • Focus on flexible and asset-light expansion for quick break-even

  • Implementation of initiatives to improve existing operational efficiencies

  • Leverage technology to enhance patient and attendant experience through digitalisation, and to grow its operations

Products & Services

  • GPT Healthcare Limited is one of the key regional corporate healthcare companies in Eastern India in terms of number of beds and hospitals. The Company operate a chain of mid-sized full service hospitals and provides integrated healthcare services.

Strengths

  • Key regional corporate healthcare company with a strong foothold in under-penetrated and densely populated healthcare delivery markets

  • ight-sized`, full service and strategically located hospitals leading to high return on capital

  • Well diversified specialty mix and location mix

  • Ability to attract, train and retain quality medical professionals

  • Track record of operating and financial performance and growth

Risks

  • The hospital derives approximately 70% of its revenue from operations from its hospitals situated in West Bengal as these serve a significant percentage of its patients. Further, all the hospitals are located in the eastern region of India. Any impact on the revenue from these hospitals or any change in the economic or political conditions of West Bengal could materially affect its business, financial condition, results of operations and cash flows.

  • The name of Ishwari Prasad Tantia, one of the members of its Promoter Group was published in the list of Wilful Defaulters by certain financial institutions. Additionally, NSDL has frozen his demat account due to non-compliance with certain provisions of the Listing Regulations by Tantia Constructions Limited ("Tantia Constructions"), wherein he is a promoter. Any adverse order, direction, notice or penalty by any bank or the RBI, SEBI or any other regulatory authority in the future against any member of the Promoter Group or any entity with which any of its member of the Promoter Group is associated, could have an adverse effect on its reputation, consequently, affecting its business operations.

  • The hospital face competition from other healthcare service providers. If its unable to compete effectively, its business, results of operations and cash flows may be materially and adversely affected.

  • The Bed Occupancy Rate of the Company is lower than some of its listed peers. If its unable to maintain bed occupancy rates at sufficient levels, the hospital may not be able to generate adequate returns on its capital expenditure, which could materially and adversely affect its operating efficiencies and the hospital`s profitability.

  • The hospital is dependent on its healthcare professionals, including its doctors that the hospital engage on a consultancy basis. Loss of or its inability to attract or retain such persons could adversely affect its business, financial condition, results of operations and cash flows.

Company Promoters

Promoters Holding

Issue For IPO
67.34%
Pre Holding

67.34%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2021 Mar-2022 Mar-2023 3-Yr trend
Revenue 242.75 (14.60%) 337.41 (39.00%) 23.77 (-)
Gross Profit 242.75 (14.60%) 337.41 (39.00%) 23.77 (-)
Net Income 242.75 (14.60%) 337.41 (39.00%) 23.77 (-)
Assets 242.75 (14.60%) 337.41 (39.00%) 23.77 (-)
Liabilities 242.75 (14.60%) 337.41 (39.00%) 23.77 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
GPT Healthcare Ltd 361.04 39.01 266.95 101.59 23.77 0.00 20.70 1.16 0.31
Global Health Ltd 2,694.25 326.08 4,115.96 4,115.96 13.42 12.57 90.54 7.92 0.35
Krishna Institute of Medical Sciences Ltd 2,197.68 336.32 2,941.30 2,941.30 20.14 42.03 242.16 11.43 0.32
Jupiter Life Line Hospitals Ltd 892.54 72.90 985.53 985.53 19.93 12.95 64.39 7.39 1.28
Yatharth Hospital & Trauma Care Services Ltd 520.29 65.77 485.97 485.97 35.94 10.09 27.93 13.53 1.44
Kovai Medical Center & Hospital Ltd 1,019.75 115.77 1,442.05 1,442.05 16.09 105.80 657.12 8.02 0.66
Shalby Ltd 804.92 67.70 1,281.36 1,281.36 7.29 6.27 86.44 5.28 0.15

Book Running Managers

  • JM Financial Ltd

Registrar & Transfer Agent

Link Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

Company Contact Information

GPT Centre JC-25 Sector-III,
Salt Lake,
Kolkata - 700106
Phone : 91-33-4050 7000 Email : ghl.cosec@gptgroup.co.in www.ilshospitals.com

Offer Related Information

Initial public offering of 28,233,323# equity shares of face value of Rs. 10 each ("Equity Shares") of the company for cash at a price of Rs. 186 per equity share (including a share premium of Rs. 176 per equity share) ("Offer Price") aggregating to Rs. 525.14# crores (the "Offer") comprising a fresh issue of 2,150,537# equity shares of face value of Rs. 10 each aggregating to Rs. 40.00# crores by the company (the "Fresh Issue") and an offer for sale of 26,082,786# equity shares of face value... More

News

  • No Data Found.

Take your research to the next level.
Login now to unlock Exclusive Features!

Take your research to the next level.
Login now to unlock Exclusive Features!

Download Our App On: