GPT Healthcare Limited raises Rs. 157.54 crore from Anchor Investors

Eastern India focused GPT Healthcare, which operates and manages mid-sized multispecialty hospitals under the ILS Hospitals brand, has garnered Rs. 157.54 crores from anchor investors ahead of its initial public offering that opens for public subscription on Thursday, February 22, 2024. The company informed the bourses that it allocated 84,69,996 equity shares at Rs. 186 per share on Wednesday, February 21, 2024, to anchor investors.

Foreign and Domestic Institutions who participated in the anchor were Kotak Mutal Fund, Axis Mutual Fund, Bandhan Mutual Fund, Aditya Birla Life Insurance, Societe Generale, Duro One Investments Limited, India Capital Growth Fund, Copthall Mauritius, LC Pharos Multi Strategy Fund, Subhkam Ventures and DE Shaw.

Out of the total allocation of 84,69,996 equity shares to the anchor investors, 38,09,760 equity shares were allocated to 3 domestic mutual funds through a total of 7 schemes amounting to Rs. 70.86 crore (approx.) i.e. 44.98% of the Total Anchor Book Size.

JM Financial Limited is the sole book-running lead manager to the Issue and Link Intime India Private Limited is the registrar of the offer. The equity shares are proposed to be listed on the BSE and NSE.

Source : Equity Bulls

Keywords

GPTHealthcare FundRaising IPO AnchorInvestors Subscription