GPT Healthcare IPO
GPT Healthcare Limited (GPTHEALTH) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 29 February 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain -0.7% (likely range -5% to +8%), day's high +7.1%, chance of a gain 33%. Actual: +15.6% at the open, +18.2% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 56,46,664 | 9,76,84,000 | 17.3x | |
| NII (HNI) total | 42,34,999 | 4,66,58,640 | 11.0x | |
| Big NII (above ₹10 lakh) | 28,23,333 | 3,38,18,720 | 12.0x | |
| Small NII (₹2-10 lakh) | 14,11,666 | 1,28,39,920 | 9.10x | |
| Retail | 98,81,664 | 2,41,29,600 | 2.44x | |
| Total | 1,97,63,327 | 16,84,72,240 | 8.52x |
Bids on NSE and BSE together, as published by NSE, as of 26 Feb 2024, 07:00 PM. Shares offered exclude the anchor portion. 13% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to GPT Healthcare's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Blue Jet HealthcareOct 2023 | 13.7x | 13.6x | 2.24x | 7.95x | ₹840 Cr | +9.8% | +20.8% |
| Future Supply Chain SolutionsDec 2017 | 12.4x | 11.2x | 3.28x | 7.56x | ₹650 Cr | 0.0% | +5.3% |
| Sandhar TechnologiesMar 2018 | 14.5x | 6.39x | 1.42x | 6.19x | ₹515 Cr | +4.2% | +6.0% |
| Fine Organic IndustriesJun 2018 | 12.9x | 21.0x | 1.62x | 8.99x | ₹600 Cr | +4.1% | +6.5% |
| Zaggle Prepaid Ocean ServicesSep 2023 | 16.7x | 8.85x | 5.94x | 12.6x | ₹574 Cr | 0.0% | +7.3% |
| Newgen Software TechnologiesJan 2018 | 15.6x | 5.52x | 5.18x | 8.25x | ₹428 Cr | +3.7% | +8.9% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| JM Financial | 109 | +22.8% | 75% |
Offer documents (NSE)
Frequently asked
What is the GPT Healthcare IPO price band and lot size? ₹177–186 per share, with a lot of 80 shares, so the smallest retail bid is ₹14,880.
How many times has it been subscribed? 8.52x overall: QIB 17.3x, NII 11.0x, retail 2.44x.
How did it list? It opened at ₹215, +15.6% against the issue price of ₹186, and closed its first day +7.9%.
