GPT Healthcare IPO’s retail portion has been booked 2.44 times, Non Institutional Investors (NII) portion is booked 11.02 times, and Qualified Institutional Buyers (QIB) portion is booked 17.30 times, as per BSE data.
Also Read: GPT Healthcare IPO fully subscribed: GMP, review to subscription status. Apply or not?
GPT Healthcare IPO’s retail portion was completely booked on the second day, but the total subscription numbers struggled to reach 100%. GPT Healthcare IPO subscription status was 85% on day 2.
GPT Healthcare IPO’s retail portion was booked 1.25 times, as per BSE data. The NII portion was booked 79%, and QIB portion was booked 19%, as per BSE data.
On the first day, GPT Healthcare IPO subscription status was 37%. The issue’s retail portion was subscribed 66%, NII portion was booked 18%, and QIBs portion is yet to receive bids.
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GPT Healthcare IPO price band has been fixed in the range of ā¹177 to ā¹186 per equity share of face value of ā¹10. GPT IPO lot size is 80 equity shares and in multiples of 80 equity shares thereafter.
GPT Healthcare IPO raised ā¹157.54 crores from anchor investors on Thursday, February 22. The company notified the exchanges that it allocated 84,69,996 equity shares at ā¹186 apiece.
GPT Healthcare IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors.
GPT Healthcare Ltd operates a chain of mid-sized full service hospitals under the āILS Hospitalsā brand and provide integrated healthcare services, with a focus on secondary and tertiary care.
GPT Healthcare IPO Subscription Status today
GPT Healthcare IPO has received bids for 16,84,72,240 shares against 1,97,63,327 shares on offer, according to data from the BSE.
GPT Healthcare IPO retail investors’ portion received bids for 2,41,29,600 shares against 98,81,664 shares on offer for this segment.
GPT IPO ‘s non-institutional investors’ portion received bids for 4,66,58,640 shares against 42,34,999 on offer for this segment.
GPT Healthcare IPO’s QIBs portion have received 9,76,84,000 shares against 56,46,664 shares on offer for this segment.
GPT Healthcare IPO details
GPT Healthcare IPO, which is worth ā¹525.14 crore, comprises a fresh issue of ā¹40 crore, and an offer-for-sale (OFS) of 26,082,786 equity shares of ā¹10 aggregating up to ā¹485.14 crore by the investor selling shareholder, BanyanTree Growth Capital II, LLC.
The company intends to use the net proceeds to finance the following goals: general corporate objectives; full or partial repayment or payback of some existing loans obtained by the company from banks and financial institutions.
GPT Healthcare IPO’s book running lead manager is JM Financial Limited, and the issue’s registrar is Link Intime India Private Ltd.
Also Read: GPT Healthcare IPO retail portion fully booked on second day of bidding
GPT Healthcare IPO GMP today
GPT IPO GMP or grey market premium is + 9. This indicates GPT Healthcare share price was trading at a premium of ā¹9 in the grey market, as per investorgain.com.
Considering the upper end of the IPO price band and the current premium in the grey market, the GPT Healthcare IPO expected listing price is indicated at ā¹195 apiece, which is 4.84% higher than the IPO price of ā¹186.
Based on last 11 sessions grey market activities, the current GMP ( ā¹9) is showing signals towards the lower side. The lowest GMP is ā¹0, while the highest GMP is ā¹19, according to investorgain.com analysts.
‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
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Published: 26 Feb 2024, 06:18 PM IST