Latest IPO Updates : Prior to its IPO on February 21, the chain of mid-sized multispecialty hospitals GPT Healthcare raised Rs 157.54 crore from a number of anchor investors.
Subscriptions for the public issue will be accepted starting on February 22 and ending on February 26.
The company announced in its filing with the markets that it has completed the distribution of 84,69,996 equity shares at a price of Rs 186 per share to anchor investors.


Societe Generale, Kotak Mutal Fund, Axis Mutual Fund, Bandhan Duro One Investments, Copthall Mauritius, Kotal Mutual Fund, Aditya Birla Life Insurance, LC Pharos Multi Strategy Fund, and DE Shaw Valence International were among the notable domestic and international institutional investors who made anchor book investments in the company.
“Out of the total allocation of 84,69,996 equity shares to the anchor investors, 38,09,760 equity shares were allocated to 3 domestic mutual funds through a total of 7 schemes amounting to Rs 70.86 crore,” the hospital network with a concentration on Eastern India stated. The GPT Healthcare IPO consists of an offer-for-sale (OFS) of up to 2.6 crore equity shares by investor private equity fund Banyan Tree, which is exiting the company, and a fresh issue of equity shares for Rs 40 crore.

The price range for each equity share in the Rs 525.14 crore offer is Rs 177–Rs 186.

Disclaimer : The above article is meant for informational purposes only, and should not be considered as any investment advice.

By newsparviews.com

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