A brand new listing today – GPT Healthcare. As against the IPO price of Rs.186, the stock got listed on the BSE at Rs.216.15 and soon soared to Rs.219.70 but is now trading at Rs.208 levels.

The IPO had evoked an ok-ok kind of response, getting an overall subscription of 8.52x, with QIBs taking the lions share at 17./3x, HNIs at 11.02x and Retail investors at 2.44x.

GPT Healthcare, part of Kolkata based GPT Group, with GPT Infraprojects a listed company, owns and operates 561 beds across 4 hospitals – 3 in West Bengal, 1 in Tripura, under brand name ‘ILS Hospitals’. It is adding 152 beds in Raipur by 2025 and 140 beds in Ranchi by 2026, both under asset-light model, entailing a total investment of just Rs.105 crore from its end.

Our conclusion in the IPO Analysis section - Despite recent IPO listings being a mixed bag, GPT Healthcare IPO has potential to give listing gains, as it is priced lower than peers. For long term holding, bed occupancy rate must ramp up, which needs to be monitored post listing.