In a significant development for investors, GPT Healthcare Limited’s Initial Public Offering (IPO) is set to open for retail investors in the Indian stock market today, February 22. The company aims to raise approximately ₹525.14 crores through this IPO, with retail investors having the opportunity to bid for shares from February 22 to February 26. The shares are expected to be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on February 29.
GPT Healthcare Limited plans to raise funds by issuing 2,150,537 fresh shares, amounting to ₹40 crores. Additionally, existing investors have the option to offload 26,082,786 shares, totaling ₹485.14 crores through an offer for sale.
Key Highlights of GPT Healthcare’s IPO
IPO Price Band: The company has set the IPO price band at approximately ₹177-186 per share.
Application Details: Retail investors can apply for a minimum of one lot, consisting of 80 shares. Investors opting for the upper price band of ₹186 will need to invest around ₹14,880 for one lot.
Application Period: The IPO application window for retail investors is open from February 22 to February 26.
Investors are advised to closely monitor GPT Healthcare’s IPO, given the promising growth prospects in the healthcare sector. Concurrently, Juniper Hotels is also set to launch its IPO, presenting another investment avenue for interested investors. The IPO subscription for Juniper Hotels is open until February 23, with a price band of ₹342-360 per share.
As investors consider diversifying their portfolios, these IPOs provide an opportunity to participate in the growth of prominent companies in the healthcare and hospitality sectors.