IPO alert: GPT Healthcare Ltd, operator of ILS hospitals, to launch offering on February 22

The much-anticipated Initial Public Offering (IPO) of GPT Healthcare Ltd, the operational force behind the renowned ILS Hospitals brand of mid-sized multi-specialty hospitals, is all set to kick off on February 22. This IPO, which combines a fresh equity share issue worth Rs 40 crore and an Offer for Sale (OFS) of up to 2.6 crore equity shares by private equity firm BanyanTree Growth Capital II, is scheduled to conclude on February 26.

BanyanTree, holding a 32.64% stake in GPT Healthcare, plans to divest its entire shareholding in the Kolkata-based company. The IPO aims to raise funds for debt payment and general corporate purposes. GPT Healthcare, founded in 2000, has grown from an eight-bed hospital to operate four full-service multi-specialty hospitals with a combined capacity of 561 beds.


As it ventures into the IPO market, GPT Healthcare faces competition from industry peers such as Global Health Ltd, Krishna Institute of Medical Sciences Ltd, Jupiter Life Line Hospitals Ltd, Yatharth Hospital & Trauma Care Services Ltd, and Shalby Ltd. The sole book-running lead manager for the IPO is JM Financial, and the equity shares are proposed to be listed on both the BSE and the NSE.