GPT Healthcare IPO subscribed 8.52 times on Final Day

The Initial Public Offering of GPT Healthcare Limited was subscribed 8.52 times on the final day of bidding.

The issue received bids of 16,84,27,600 shares against the offered 1,97,63,327 equity shares, at a price band of ₹177-186, according to the data available on the stock exchanges.

Qualified Institutional Buyer Portion was subscribed 17.30 times whereas Non-Institutional Investors Portion was subscribed 11.02 times, Retail Portion was subscribed 2.44 times.

JM Financial Limited is the sole book running lead manager 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 Subscription