GPT Healthcare Limited receives Rs 157 million from anchor investors before IPO

GPT Healthcare Results INR$157.54 billion has been raised from major investors ahead of the initial public offering, which will open to the public on Thursday, February 22, 2024.

The company informed the stock exchanges that it had allotted 84,69,996 shares in December 2020. INROn Wednesday, February 21, 2024, we issued 186 shares per share to lock in investors.

Also read: GPT Healthcare IPO opens tomorrow: GMP, details on the issue and 10 important things to know before investing INR525 million problems

The national and international institutions that participated in the anchor are Kotak Mutal Fund, Axis Mutual Fund, Bandhan Mutual Fund, Aditya Birla Life Insurance, Societe Generale, Duro One Investments Limited, India Capital Growth Fund, Copthall Mauritius, LC Pharos Multi Strategy Fund, Subhkam was. Ventures and DE Show.

Out of a total of 8,469,996 shares allocated to anchor investors, 3,809,760 shares were allocated to three domestic investment trusts through a total of seven schemes. INR708.6 billion (approximately), or 44.98 percent of the total anchor book size.

JM Financial Limited is the sole bookrunning lead manager for the issue and Link Intime India Private Limited is the registrar for the offer. The shares are proposed to be listed on BSE and NSE.

GPT Healthcare IPO Details

GPT Healthcare IPO is a book publication. INR525.14 million. The issuance represents a total of 2.2 billion new shares. INR40 billion shares and total offering of 2.61 billion shares INR4851.4 billion.

The mid-sized multi-specialty hospital operator is scheduled to begin recruiting on February 22, 2024 and close on February 26, 2024. His IPO price range for GPT Healthcare is set at. INRfrom 177 INR186 per share.

Also read: GPT Healthcare IPO: Price range is set as follows INR177-186 per share.Check publication size, important dates, and more

Investors can bid for a minimum of 80 shares and in multiples of 80 shares thereafter.

The GPT Healthcare IPO allocation is expected to be finalized on Tuesday, February 27, 2024. The IPO will be listed on BSE, NSE and the tentative listing date is fixed at Thursday, February 29, 2024.

This offer shall be made through a book building process, with not less than 50% of the offer being allocated to qualified institutional buyers and not less than 15% of the offer being allocated to non-institutional bidders; It is assumed that No more than 35% of the offer shall be allocated to individual private bidders.