The shares of GPT Healthcare will debut on the exchanges on Thursday. Ahead of the listing, the company s shares are trading with a premium of Rs 17 in the unlisted market.
GPT Healthcare IPO received 8.5 times subscription. Share allotment to be finalized. Check status on BSE or registrar website. Shares trading with Rs 10 premium. Proceeds used for repayment. Competing with listed peers. JM Financial is the sole book running lead manager.
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The proceeds from the fresh issue will be used for prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company besides general corporate purposes.
GPT Healthcare s IPO, valued at Rs 525 crore, opened for subscription. The company raised Rs 157 crore from anchor investors. Analysts advise subscribing for fair valuations, comprehensive services, and quality medical practices. The price band is Rs 177-186 per share.