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The GPT Healthcare IPO is now available for subscription; read on for all the details

The Initial Public Offering (IPO) of GPT Healthcare Ltd., which is well-known for its network of mid-sized full-service hospitals under the “ILS Hospitals” brand, is scheduled to go live today, Thursday, February 22.

With a face value of Rs 10 and an IPO price range of Rs 177 to Rs 186 per equity share, it is being monitored carefully as it goes public. The lot size for the GPT Healthcare IPO is set at 80 equity shares, and multiples are offered in steps of 80 equity shares.

The Grey Market Premium (GMP) of zero, as reported by Investorgain.com, means that shares are trading at the issue price of Rs 186 without a premium or discount. Wednesday, February 21 is when the allocation to anchor investors is planned to take place.

With a new issuance of Rs 40 crore and an offer-for-sale (OFS) of 26,082,786 equity shares at a price of Rs 10 apiece, the GPT Healthcare IPO is valued at Rs 525.14 crore. The investor selling shares, BanyanTree Growth Capital II, LLC, hopes to raise up to Rs 485.14 crore via the OFS.

The net revenues from the IPO will be used to fund general business goals as well as the repayment of any outstanding bank and financial institution debts, either in whole or in part.

A minimum of 15% of the shares are allocated for Non-Institutional Investors (NII), at least 35% are reserved for retail investors, and no more than 50% of the shares are reserved for Qualified Institutional Buyers (QIB).

On Tuesday, February 27, the basis of allocation for the shares of the GPT Healthcare IPO is anticipated to be completed. On Wednesday, February 28, refunds are scheduled to start, and the same day, shares will be paid to demat accounts. Thursday, February 29 is the tentative date for the listing on the BSE and NSE.

The GPT Healthcare IPO’s book running lead manager is JM Financial Limited, and its registrar is Link Intime India Private Ltd.

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