GPT Healthcare’s stock had a strong debut, opening at a 16.2% premium over its IPO price of Rs 186, with prices at Rs 215 on NSE and Rs 216.15 on BSE. The company’s Rs 525.14 crore IPO was subscribed 8.5 times. Institutional investors were particularly keen, subscribing 17.3 times their share, while retail and non-institutional investors subscribed 2.4 and 11 times, respectively. The IPO, priced between Rs 177-186, included a fresh issue and an offer-for-sale.
GPT Healthcare, a key healthcare provider in Eastern India, operates four multispecialty hospitals in West Bengal and Tripura, with a total of 561 beds. Specializing in over 35 areas like surgery and internal medicine, they focus on underserved markets in three cities, offering integrated, affordable care with a deep understanding of local needs.
GPT Healthcare aims to use around INR 30 crores from its IPO to partly repay or prepay loans, reducing debt and freeing funds for growth. The remaining proceeds will support general corporate activities like expansions, acquisitions, and brand development.