IPO News: GPT Healthcare Opens For Subscription, Know Price Band And Other Details Before Investing

Latest IPO News: GPT Healthcare, a multispecialty hospital chain, launched its initial public offering on February 22 and will conclude on February 26. The company’s IPO aims to raise approximately Rs 525 crore. On the first day of the issue, the IPO was subscribed 0.37 times, with retail investors contributing 0.66 times and NIIs contributing 0.18 times. 

GPT Healthcare IPO Details

GPT Healthcare offers comprehensive healthcare services, with an emphasis on the secondary and tertiary sectors. The Rs 525.14 Cr IPO of GPT Healthcare has a price band of Rs 177- Rs 186. The issue includes a fresh issue of Rs 40 crore and an offer for sale (OFS) of up to 2.608 crore shares. The funds will be used to repay/prepay all or a portion of the company’s outstanding borrowings from banks and financial institutions, as well as for general corporate purposes.