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News Details

19/02/2024 10:43

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GPT Healthcare announces launch of initial public offering

GPT Healthcare Ltd. has announced public offering of 28233324 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 176.00 per share. The gross proceeds of the issue are expected to be Rs 52,513.98 lakhs.

The company's initial public offer (IPO) will open on 22 February 2024 and is expected to close on 26 February 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 177.00-186.00 per share.

The IPO includes a fresh Issue of 28233324 Equity Shares of the Company at an price of Rs 186.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 80 shares with bids in multiples of 80.

GPT Healthcare Ltd. anticipates using the proceeds of the issue for .

JM Financial Ltd. as lead manager & Link Intime India Pvt. Ltd. is the registrar, to the issue.