GPT Healthcare, which operates and manages mid-sized multispecialty hospitals beneath the ILS Hospitals model, has refiled draft papers with capital market regulator Sebi to boost funds by means of an Preliminary Public Providing (IPO). The IPO contains a recent concern of fairness shares aggregating to Rs 40 crore, and a proposal on the market of as much as 2.6 crore fairness shares by BanyanTree Development Capital II, LLC, a Mauritius-based structured personal fairness, in line with the draft pink herring prospectus filed on Monday. Proceeds from the recent concern shall be used for cost of debt and basic company functions.
Kolkata-based GPT Healthcare had in January 2021 filed preliminary papers with Securities and Alternate Board of India (SEBI) to boost Rs 450-500 crore by means of the problem.
The corporate had obtained the capital markets regulator’s nod to drift the problem but it surely did not go forward with the launch.
GPT Healthcare, which began with an eight-bed hospital in Kolkata in 2000, operates 4 full service multispecialty hospitals, with a complete capability of 561 beds, and attends to over 35 specialties and tremendous specialties resembling inside drugs, diabetology, gastroenterology, orthopaedics and joint replacements, interventional cardiology, neurology, neurology, neurosurgery and paediatrics, as per the DRHP.
The corporate competes with listed trade friends, together with International Well being Ltd, Krishna Institute of Medical Sciences Ltd, Jupiter Life Line Hospitals Ltd, Yatharth Hospital & Trauma Care Providers Ltd, Kovai Medical Middle & Hospital Restricted and Shalby Ltd. Its whole earnings elevated 7.11 per cent to Rs 366.73 crore in FY23 from Rs 342.40 crore in FY22. The corporate’s internet revenue declined to Rs 39.01 crore for FY23 from Rs 41.66 crore a 12 months in the past.
The corporate had reported a internet revenue of Rs 9.98 crore within the June quarter whereas the entire earnings was at Rs 97.63 crore. JM Monetary is the only book-running lead supervisor to the problem. The fairness shares are proposed to be listed on the BSE and the NSE.