GPT Healthcare IPO Open on February 22 : In a significant development in the healthcare sector, GPT Healthcare Ltd is gearing up for its Initial Public Offering (IPO), scheduled to open its doors to eager investors on February 22, 2024.
Key Dates to Mark on Your Calendar
IPO Open Date: February 22, 2024
IPO Close Date: February 26, 2024
Anchor Investors Bidding: February 21, 2024
Mark these dates on your calendar as GPT Healthcare steps into the limelight, inviting investors to be part of a groundbreaking opportunity.
GPT Healthcare IPO Size and Structure
The GPT Healthcare IPO encompasses a dynamic blend of financial instruments to entice investors. The offering consists of a fresh issue of equity shares amounting to Rs 40 crore, coupled with an Offer For Sale (OFS) of up to 2.6 crore equity shares by the reputable private equity firm, BanyanTree Growth Capital II.
BanyanTree, a major stakeholder with 32.64 per cent ownership in GPT Healthcare, is strategically divesting its entire shareholding during this IPO.
Purpose Behind the GPT Healthcare IPO
The infusion of capital from the fresh issue will serve dual purposes, emphasizing GPT Healthcare’s strategic financial planning:
1. Debt Repayment
The IPO proceeds will be directed towards the repayment of existing debts, fostering a financially robust foundation for GPT Healthcare’s future endeavors.
2. General Corporate Purposes
Allocating funds for general corporate purposes underscores GPT Healthcare’s commitment to maintaining operational excellence and exploring new avenues for growth.
As the GPT Healthcare IPO prepares to open its doors on February 22, 2024, investors have a unique chance to become part of a transformative journey in the healthcare sector.