The GPT Healthcare IPO opened for Subscriptions on February 22nd

 

The GPT Healthcare IPO opened for subscription on Thursday, February 22, and this will close today (Monday, February 26). GPT Healthcare IPO's retail portion was almost booked on the second day, but the total subscription numbers struggled to reach 100%. GPT Healthcare IPO subscription status was 85% on day 2.GPT Healthcare IPO's retail portion was booked 1.25 times, as per BSE data. The Non Institutional Investors (NII) portion was booked 79%, and Qualified Institutional Buyers (QIB) portion was booked 19%, as per BSE data.

This GPT Healthcare IPO price band has been fixed in the range of ₹177 to ₹186 per equity share of face value of ₹10. GPT IPO lot size is 80 equity shares and in multiples of 80 equity shares afterwards. GPT Healthcare IPO raised ₹157.54 crores from anchor investors on Thursday, February 22. The company notified the exchanges that it assigned 84,69,996 equity shares at ₹186 a piece.

What makes IPO interesting?
The IPO makes interesting is that eastern India has the lowest concentration of medical specialists than all the regions in India. However, the company‘s key market, Kolkata, has the lowest bed density across Tier 1 cities.