Private Equity

Liquidity Events

GPT Healthcare’s Rs.525-Cr IPO subscribed 8.5 times

MoneyControl   GPT Healthcare  

This is a sample news paragraph The initial public offering of Kolkata-based GPT Healthcare , which operates mid-sized multi-specialty hospitals in Eastern India (under the brand ILS Hospitals), has seen 8.52 times bidding from investors. Investors have bought 16.84 crore equity shares, against the IPO size of 1.97 crore equity shares excluding the anchor book portion. Qualified institutional investors picked 17.30 times the allotted quota, non-institutional investors bought 11.02 times the reserved portion, while the part set aside for retail investors was subscribed 2.44 times.The firm aims to raise INR 525.14 crore through its public issue at the upper price band. The IPO is a mix of a fresh issue of INR 40 crore worth of shares, and an offer-for-sale (OFS) of 2.6 crore equity shares worth INR 485.14 crore by private equity fund BanyanTree Growth Capital II, LLC.BanyanTree Growth Capital will exit the company with a profit of around INR 476 crore, as the weighted average cost of acquisition of 2.6 crore equity shares was INR 15.34 per share, amounting to INR 9.33 crore.

In Nov-14, ILS Hospitals had raised over INR 40 Cr from BanyanTree Growth Capital