Invest in latest IPO - 1 click, easy & convenient

Be an early bird and invest in companies, whether a promising start-up or an established business looking to raise fresh capital via Initial Public Offering. Search, evaluate, and invest in upcoming IPOs and get the first-mover advantage.

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  • Easy investing
    Supported by ASBA
  • First mover advantage
    Listing gain possibility
Ipo Investment
Price Range
₹120
Min. Quantity
1200
Date
29 Feb 24 - 04 Mar 24
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Price Range
₹98 - ₹100
Min. Quantity
150
Date
28 Feb 24 - 01 Mar 24
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Price Range
₹135 - ₹142
Min.Quantity
100
Date
27 Feb 24 - 29 Feb 24
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Price Range
₹162 - ₹171
Min.Quantity
87
Date
27 Feb 24 - 29 Feb 24
Apply Now Learn More
Price Range
₹70 - ₹71
Min.Quantity
1600
Date
27 Feb 24 - 29 Feb 24
Apply Now Learn More
Price Range
₹83 - ₹87
Min.Quantity
1600
Date
26 Feb 24 - 28 Feb 24
Apply Now Learn More
Price Range
₹95
Min.Quantity
1200
Date
23 Feb 24 - 27 Feb 24
Apply Now Learn More
Price Range
₹177 - ₹186
Listing Date
29 Feb 24
IPO Doc
Price Range
₹342 - ₹360
Listing Date
28 Feb 24
IPO Doc
Price Range
₹129
Listing Date
27 Feb 24
IPO Doc
Price Range
₹75 - ₹79
Listing Date
27 Feb 24
IPO Doc
Price Range
₹80 - ₹84
Listing Date
23 Feb 24
IPO Doc
Price Range
₹73 - ₹77
Listing Date
23 Feb 24
IPO Doc
Price Range
₹45
Listing Date
23 Feb 24
IPO Doc
Price Range
₹77
Listing Date
23 Feb 24
IPO Doc
Price Range
₹216 - ₹227
Listing Date
23 Feb 24
IPO Doc
Price Range
₹141 - ₹151
Listing Date
20 Feb 24
IPO Doc
Price Range
₹140 - ₹147
Listing Date
19 Feb 24
IPO Doc
Price Range
₹1195 - ₹1258
Listing Date
16 Feb 24
IPO Doc
Price Range
₹54
Listing Date
16 Feb 24
IPO Doc
Price Range
₹109 - ₹115
Listing Date
15 Feb 24
IPO Doc
Price Range
₹295 - ₹311
Listing Date
14 Feb 24
IPO Doc
Price Range
₹445 - ₹468
Listing Date
14 Feb 24
IPO Doc
Price Range
₹393 - ₹414
Listing Date
14 Feb 24
IPO Doc
Price Range
₹147 - ₹155
Listing Date
12 Feb 24
IPO Doc
Price Range
₹68
Listing Date
12 Feb 24
IPO Doc
Price Range
₹129 - ₹135
Listing Date
06 Feb 24
IPO Doc
Price Range
₹170 - ₹180
Listing Date
06 Feb 24
IPO Doc
Price Range
₹100 - ₹108
Listing Date
05 Feb 24
IPO Doc
Price Range
₹66 - ₹70
Listing Date
02 Feb 24
IPO Doc
Price Range
₹186 - ₹192
Listing Date
02 Feb 24
IPO Doc
Price Range
₹79
Listing Date
02 Feb 24
IPO Doc
Price Range
₹39 - ₹41
Listing Date
31 Jan 24
IPO Doc
Price Range
₹66 - ₹70
Listing Date
30 Jan 24
IPO Doc
Price Range
₹218 - ₹230
Listing Date
30 Jan 24
IPO Doc
Price Range
₹130 - ₹140
Listing Date
30 Jan 24
IPO Doc
Price Range
₹31 - ₹33
Listing Date
23 Jan 24
IPO Doc
Price Range
₹397 - ₹418
Listing Date
23 Jan 24
IPO Doc
Price Range
₹51 - ₹54
Listing Date
18 Jan 24
IPO Doc
Price Range
₹315 - ₹331
Listing Date
16 Jan 24
IPO Doc
Price Range
₹51
Listing Date
16 Jan 24
IPO Doc
Price Range
₹71 - ₹75
Listing Date
08 Jan 24
IPO Doc
Price Range
₹51 - ₹54
Listing Date
05 Jan 24
IPO Doc
Price Range
₹36
Listing Date
03 Jan 24
IPO Doc
Price Range
₹52 - ₹55
Listing Date
03 Jan 24
IPO Doc
Price Range
₹65
Listing Date
29 Dec 23
IPO Doc
Price Range
₹61 - ₹65
Listing Date
29 Dec 23
IPO Doc
Price Range
₹426 - ₹448
Listing Date
29 Dec 23
IPO Doc
Price Range
₹180
Listing Date
01 Jan 24
IPO Doc
Price Range
₹33 - ₹35
Listing Date
29 Dec 23
IPO Doc
Price Range
₹499 - ₹524
Listing Date
28 Dec 23
IPO Doc
Price Range
₹93
Listing Date
27 Dec 23
IPO Doc
Price Range
₹808 - ₹850
Listing Date
27 Dec 23
IPO Doc
Price Range
₹266 - ₹280
Listing Date
27 Dec 23
IPO Doc
Price Range
₹95 - ₹100
Listing Date
27 Dec 23
IPO Doc
Price Range
₹277 - ₹291
Listing Date
26 Dec 23
IPO Doc
Price Range
₹340 - ₹360
Listing Date
26 Dec 23
IPO Doc
Price Range
₹52 - ₹55
Listing Date
26 Dec 23
IPO Doc
Price Range
₹627 - ₹660
Listing Date
21 Dec 23
IPO Doc
Price Range
₹65
Listing Date
21 Dec 23
IPO Doc
Price Range
₹469 - ₹493
Listing Date
20 Dec 23
IPO Doc
Price Range
₹750 - ₹790
Listing Date
20 Dec 23
IPO Doc
Price Range
₹121 - ₹125
Listing Date
19 Dec 23
IPO Doc
Price Range
₹72
Listing Date
18 Dec 23
IPO Doc
Price Range
₹133 - ₹140
Listing Date
15 Dec 23
IPO Doc
Price Range
₹70
Listing Date
11 Dec 23
IPO Doc
Price Range
₹111
Listing Date
13 Dec 23
IPO Doc
Price Range
₹16 - ₹18
Listing Date
08 Dec 23
IPO Doc
Price Range
₹26
Listing Date
08 Dec 23
IPO Doc
Price Range
₹160 - ₹169
Listing Date
30 Nov 23
IPO Doc
Price Range
₹475 - ₹500
Listing Date
30 Nov 23
IPO Doc
Price Range
₹133 - ₹140
Listing Date
30 Nov 23
IPO Doc
Price Range
₹288 - ₹304
Listing Date
01 Dec 23
IPO Doc
Price Range
₹136 - ₹140
Listing Date
30 Nov 23
IPO Doc
Price Range
₹30 - ₹32
Listing Date
29 Nov 23
IPO Doc
Price Range
₹80 - ₹83
Listing Date
16 Nov 23
IPO Doc
Price Range
₹268 - ₹282
Listing Date
15 Nov 23
IPO Doc
Price Range
₹84
Listing Date
20 Nov 23
IPO Doc
Price Range
₹57 - ₹60
Listing Date
10 Nov 23
IPO Doc
Price Range
₹81
Listing Date
10 Nov 23
IPO Doc
Price Range
₹72 - ₹76
Listing Date
15 Nov 23
IPO Doc
Price Range
₹52 - ₹55
Listing Date
08 Nov 23
IPO Doc
Price Range
₹308 - ₹324
Listing Date
07 Nov 23
IPO Doc
Price Range
₹617 - ₹648
Listing Date
06 Nov 23
IPO Doc
Price Range
₹67 - ₹70
Listing Date
06 Nov 23
IPO Doc
Price Range
₹91
Listing Date
03 Nov 23
IPO Doc
Price Range
₹78 - ₹82
Listing Date
07 Nov 23
IPO Doc
Price Range
₹95 - ₹100
Listing Date
03 Nov 23
IPO Doc
Price Range
₹329 - ₹346
Listing Date
01 Nov 23
IPO Doc
Price Range
₹208
Listing Date
01 Nov 23
IPO Doc
Price Range
₹480 - ₹505
Listing Date
26 Oct 23
IPO Doc
Price Range
₹47 - ₹50
Listing Date
31 Oct 23
IPO Doc
Price Range
₹86
Listing Date
27 Oct 23
IPO Doc
Price Range
₹45
Listing Date
25 Oct 23
IPO Doc
Price Range
₹77
Listing Date
18 Oct 23
IPO Doc
Price Range
₹51 - ₹54
Listing Date
12 Oct 23
IPO Doc
Price Range
₹58
Listing Date
12 Oct 23
IPO Doc
Price Range
₹48
Listing Date
13 Oct 23
IPO Doc
Price Range
₹76
Listing Date
12 Oct 23
IPO Doc
Price Range
₹68
Listing Date
10 Oct 23
IPO Doc
Price Range
₹93
Listing Date
10 Oct 23
IPO Doc
Price Range
₹29 - ₹31
Listing Date
11 Oct 23
IPO Doc
Price Range
₹99
Listing Date
11 Oct 23
IPO Doc
Price Range
₹162 - ₹165
Listing Date
06 Oct 23
IPO Doc
Price Range
₹133 - ₹140
Listing Date
06 Oct 23
IPO Doc
Price Range
₹71 - ₹75
Listing Date
09 Oct 23
IPO Doc
Price Range
₹36 - ₹38
Listing Date
11 Oct 23
IPO Doc
Price Range
₹44 - ₹47
Listing Date
05 Oct 23
IPO Doc
Price Range
₹59
Listing Date
05 Oct 23
IPO Doc
Price Range
₹97
Listing Date
03 Oct 23
IPO Doc
Price Range
₹70
Listing Date
09 Oct 23
IPO Doc
Price Range
₹171
Listing Date
04 Oct 23
IPO Doc
Price Range
₹113 - ₹119
Listing Date
03 Oct 23
IPO Doc
Price Range
₹280 - ₹300
Listing Date
04 Oct 23
IPO Doc
Price Range
₹215
Listing Date
03 Oct 23
IPO Doc
Price Range
₹80
Listing Date
04 Oct 23
IPO Doc
Price Range
₹36
Listing Date
28 Sep 23
IPO Doc
Price Range
₹75
Listing Date
28 Sep 23
IPO Doc
Price Range
₹210 - ₹222
Listing Date
27 Sep 23
IPO Doc
Price Range
₹366 - ₹385
Listing Date
27 Sep 23
IPO Doc
Price Range
₹140
Listing Date
29 Sep 23
IPO Doc
Price Range
₹70
Listing Date
26 Sep 23
IPO Doc
Price Range
₹40
Listing Date
25 Sep 23
IPO Doc
Price Range
₹92
Listing Date
28 Sep 23
IPO Doc
Price Range
₹160
Listing Date
27 Sep 23
IPO Doc
Price Range
₹135 - ₹142
Listing Date
28 Sep 23
IPO Doc
Price Range
₹156 - ₹164
Listing Date
22 Sep 23
IPO Doc
Price Range
₹119 - ₹126
Listing Date
22 Sep 23
IPO Doc
Price Range
₹983 - ₹1035
Listing Date
20 Sep 23
IPO Doc
Price Range
₹65
Listing Date
25 Sep 23
IPO Doc
Price Range
₹91
Listing Date
26 Sep 23
IPO Doc
Price Range
₹200 - ₹211
Listing Date
21 Sep 23
IPO Doc
Price Range
₹126 - ₹132
Listing Date
21 Sep 23
IPO Doc
Price Range
₹23
Listing Date
18 Sep 23
IPO Doc
Price Range
₹695 - ₹735
Listing Date
18 Sep 23
IPO Doc
Price Range
₹98
Listing Date
11 Sep 23
IPO Doc
Price Range
₹63
Listing Date
13 Sep 23
IPO Doc
Price Range
₹92 - ₹97
Listing Date
11 Sep 23
IPO Doc
Price Range
₹84
Listing Date
13 Sep 23
IPO Doc
Price Range
₹418 - ₹441
Listing Date
11 Sep 23
IPO Doc
Price Range
₹185
Listing Date
07 Sep 23
IPO Doc
Price Range
₹28
Listing Date
07 Sep 23
IPO Doc
Price Range
₹30
Listing Date
06 Sep 23
IPO Doc
Price Range
₹94 - ₹99
Listing Date
05 Sep 23
IPO Doc
Price Range
₹102 - ₹108
Listing Date
31 Aug 23
IPO Doc
Price Range
₹83
Listing Date
31 Aug 23
IPO Doc
Price Range
₹52
Listing Date
30 Aug 23
IPO Doc
Price Range
₹151 - ₹166
Listing Date
29 Aug 23
IPO Doc
Price Range
₹187 - ₹197
Listing Date
23 Aug 23
IPO Doc
Price Range
₹40 - ₹42
Listing Date
18 Aug 23
IPO Doc
Price Range
₹40
Listing Date
17 Aug 23
IPO Doc
Price Range
₹165
Listing Date
17 Aug 23
IPO Doc
Price Range
₹705 - ₹741
Listing Date
18 Aug 23
IPO Doc
Price Range
₹54 - ₹57
Listing Date
16 Aug 23
IPO Doc
Price Range
₹128
Listing Date
11 Aug 23
IPO Doc
Price Range
₹118
Listing Date
11 Aug 23
IPO Doc
Price Range
₹103
Listing Date
09 Aug 23
IPO Doc
Price Range
₹54 - ₹61
Listing Date
04 Aug 23
IPO Doc
Price Range
₹285 - ₹300
Listing Date
07 Aug 23
IPO Doc
Price Range
₹40
Listing Date
03 Aug 23
IPO Doc
Price Range
₹475 - ₹500
Listing Date
27 Jul 23
IPO Doc
Price Range
₹63 - ₹67
Listing Date
26 Jul 23
IPO Doc
Price Range
₹23 - ₹25
Listing Date
21 Jul 23
IPO Doc
Price Range
₹62 - ₹65
Listing Date
21 Jul 23
IPO Doc
Price Range
₹301 - ₹317
Listing Date
14 Jul 23
IPO Doc
Price Range
₹237
Listing Date
13 Jul 23
IPO Doc
Price Range
₹35 - ₹42
Listing Date
13 Jul 23
IPO Doc
Price Range
₹49
Listing Date
10 Jul 23
IPO Doc
Price Range
₹250 - ₹265
Listing Date
10 Jul 23
IPO Doc
Price Range
₹638 - ₹672
Listing Date
07 Jul 23
IPO Doc
Price Range
₹65 - ₹70
Listing Date
07 Jul 23
IPO Doc
Price Range
₹101 - ₹107
Listing Date
06 Jul 23
IPO Doc
Price Range
₹82 - ₹87
Listing Date
06 Jul 23
IPO Doc
Price Range
₹65
Listing Date
06 Jul 23
IPO Doc
Price Range
₹555 - ₹585
Listing Date
04 Jul 23
IPO Doc
Price Range
₹60
Listing Date
30 Jun 23
IPO Doc
Price Range
₹30
Listing Date
30 Jun 23
IPO Doc
Price Range
₹100
Listing Date
28 Jun 23
IPO Doc
Price Range
₹100
Listing Date
22 Jun 23
IPO Doc
Price Range
₹169 - ₹173
Listing Date
22 Jun 23
IPO Doc
Price Range
₹270 - ₹285
Listing Date
16 Jun 23
IPO Doc
Price Range
₹180
Listing Date
14 Jun 23
IPO Doc

About IPO

IPO is a process by which private companies go public for the first time and their shares are listed (open for buying and selling) in the stock market. IPO helps investors get the first mover advantage and also assists companies to assess their net worth in the primary market.

Benefits of IPO to Investors

  • benefit-icon1-img

    Opportunity to invest in new companies or startups, otherwise not accessible to general public

  • benefit-icon2-img

    Allows buying shares at a discount to the market price (post listing)

  • benefit-icon3-img

    Possibility of significant listing gains, especially in IPOs of high growth companies

  • benefit-icon4-img

    Absolute transparency with all critical information available in the draft red herring prospectus.

Who can invest in IPO?

While any individual can invest in IPO, there are three distinct categories of IPO investors:

  • ipo-invest-icon

    Institutional investors or Qualified institutional investors

    Commercial banks, mutual fund houses, pension funds, foreign portfolio, trusts, etc. QII allotment is capped at 50% by SEBI.

  • ipo-networth-icon

    High networth investors

    Non-Qualified institutional investors with net worth of more than ₹2 lakhs. Allotment for HNIs is capped at 15% of the overall subscription.

  • ipo-retial-icon

    Retail investors

    Investors with net worth of less than ₹2 lakhs. Minimum allotment capped at 35%.

How to apply for IPO @ logo-mstock

  • 1

    Open logo-mstock-img
    Demat Account

  • 2

    Select the IPO you
    want to invest in

  • 3

    Add funds through
    UPI and apply for the
    IPO. It's this easy!

+91
T&C and privacy policy

How to enhance chances of IPO allotment?

  • Apply from multiple Demat accounts (PAN should be different)
  • Bid at cut-off price
  • Apply for multiple lots
  • Apply for shares in the retail quota (value less than ₹2 lakh)
  • Apply early
  • Hold shares of the parent company and apply in the 'shareholder' category
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Earn ₹555 every time you refer friends!

News

  • GPT Healthcare IPO subscribed 8.52 times The initial public offer (IPO) of GPT Healthcare received 16,84,27,600 bids for shares as against 1,97,63,327 shares on offer, according to stock exchange data at 17:30 IST on Monday (26 February 2024). The issue was subscribed 8.52 times.

    The issue opened for bidding on Thursday (22 February 2024) and it will close on Monday (26 February 2024). The price band of the IPO is fixed at Rs 177 to 186 per share. An investor can bid for a minimum of 80 equity shares and in multiples thereof.

    The offer comprises of fresh issue of equity shares aggregating up to Rs 40 crore and offer for sale of 26,082,786 equity shares aggregating up to Rs 485.14 crore by BanyanTree Capital Growth II, LLC.

    The promoters and and promoter group held 67.34% of the pre-offer issued and paid-up equity share capital. The post IPO shareholding for the same is expected to be around 65.57%.

    The objectives for the fresh issue include Rs 30 crore for repayment/prepayment of certain borrowings and the remaining amount is to be used for general corporate purposes.

    Ahead of the IPO, GPT Healthcare on Wednesday, 21 February 2024 raised Rs 157.54 crore from anchor investors. The board allotted 84.69 lakh shares at Rs 186 each to 15 anchor investors.

    GPT Healthcare operates a chain of mid-sized full-service hospitals under the same brand and provides integrated healthcare services, with a focus on secondary and tertiary care. As of 30 September 2023, the company operated four multispecialty hospitals in Dum Dum, salt Lake and Howrah in West Bengal and Agartala in Tripura with a total capacity of 561 beds.

    The company offers comprehensive range of healthcare services across over 35 specialties and superspecialties including internal medicine and diabetology, nephrology (including renal transplants), laparoscopic and general suregery, gynaecology and obstetrics, critical care, gastroenterology, orthopaedics and joint replacements, interventional cardiology, neurology, neurosurgery, paediatrics and neonatology.

    The firm reported a net profit of Rs 23.49 crore and sales of Rs 204.18 crore for the six months ended on 30 September 2023.

    Powered by Capital Market - Live News

  • NSE SME IPO Owais Metal and Mineral Processing subscribed 3.94 times The initial public offer (IPO) of Owais Metal and Mineral Processing received bids for 1,93,76,000 shares as against 49,07,200 shares on offer, as per NSE data as of 17:00 hours on Monday, (26 February 2024). The issue was subscribed 3.94 times.

    The issue opened for bidding on Monday, (26 February 2024) and it will close on Wednesday, (28 February 2024). The price band of the IPO is fixed between Rs 83 to Rs 87 per share. The minimum order quantity is 1,600 equity shares. The equity shares will list on the NSE?s SME Platform.

    The IPO comprises fresh issue of 49,07,200 shares. About 3,44,000 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 45,63,200 equity shares. The issue and the net issue will constitute 26.99% and 25.10% respectively of the post issue paid-up equity share capital of the company.

    The company intends to utilize the net proceeds to purchase of equipment to facilitate manufacturing meet working capital requirements and general corporate purposes.

    Ahead of the IPO, Owais Metal and Mineral Processing on Friday, 23 February 2023, raised Rs 11.90 crore from anchor investors. The board allotted 13.68 lakh shares at Rs 87 per share to 4 anchor investors.

    Owais Metal and Mineral Processing engaged in the manufacturing and processing of various metals and minerals like manganese oxide, MC Ferro Manganese, wood charcoal, processing of minerals such as ferro alloy, quartz and manganese ore. The company has 25 employees.

    The company recorded revenue from operations of Rs 39.52 crore and net profit of Rs 7.65 crore for the period as on 31 December 2023.

    Powered by Capital Market - Live News

  • Juniper Hotels IPO ends with decent subscription The initial public offer (IPO) of Juniper Hotels received 6,01,14,160 bids for shares as against 2,89,47,367 shares on offer. The issue was subscribed 2.08 times.

    The Non Institutional Investors (NIIs) category was subscribed 0.85 times. The Retail Individual Investors (RIIs) category was subscribed 1.28 times. The Qualified Institutional Buyers (QIBs) category was subscribed 2.96 times.

    The issue opened for bidding on 21 February 2024 and it closed on 23 February 2024. The price band of the IPO is fixed at Rs 342 to 360 per share.

    The offer comprises only of fresh issue of equity shares aggregating up to Rs 1,800 crore.

    The company proposes to utilize Rs 1,500 crore towards repayment, prepayment, or redemption, in full or in part, of certain outstanding borrowings (including payment of the interest accrued) availed by the company and its subsidiaries, and the balance towards general corporate purposes.

    Ahead of the IPO, Juniper Hotels on Tuesday, 20 February 2024 raised Rs 810 crore from anchor investors. The board allotted 2.25 crore shares at Rs 360 each to 43 anchor investors.

    Juniper Hotels operates a luxury hotel chain under the Hyatt brand. The company?s portfolio includes seven luxury hotels and serviced properties and operates a total of 1,836 keys as of 30 September 2023.

    The company?s hotels and serviced apartments are classified under three distinct segments: the Grand Hyatt Mumbai Hotel and Residences and Andaz Delhi; upper upscale the Hyatt Delhi Residences, Hyatt Regency Ahmedabad, Hyatt Regency Lucknow and Hyatt Raipur; and upscale Hyatt Place Hampi.

    The firm reported a net loss of Rs 26.50 crore and sales of Rs 336.11 crore for the six months ended on 30 September 2023.

    Powered by Capital Market - Live News

  • Juniper Hotels IPO subscribed 2.07 times The initial public offer (IPO) of Juniper Hotels received 5,99,21,000 bids for shares as against 2,89,47,367 shares on offer, according to stock exchange data at 17:30 IST on Friday (23 February 2024). The issue was subscribed 2.07 times.

    The issue opened for bidding on Wednesday (21 February 2024) and it will close on Friday (23 February 2024). The price band of the IPO is fixed at Rs 342 to 360 per share. An investor can bid for a minimum of 40 equity shares and in multiples thereof.

    The offer comprises only of fresh issue of equity shares aggregating up to Rs 1,800 crore.

    Out of the proceeds from the fresh issue, the company proposes to utilize Rs 1,500 crore towards repayment, prepayment, or redemption, in full or in part, of certain outstanding borrowings (including payment of the interest accrued) availed by the company and its subsidiaries, and the balance towards general corporate purposes.

    Ahead of the IPO, Juniper Hotels on Tuesday, 20 February 2024 raised Rs 810 crore from anchor investors. The board allotted 2.25 crore shares at Rs 360 each to 43 anchor investors.

    Juniper Hotels operates a luxury hotel chain under the Hyatt brand. The company?s portfolio includes seven luxury hotels and serviced properties and operates a total of 1,836 keys as of 30 September 2023.

    The company?s hotels and serviced apartments are classified under three distinct segments: the Grand Hyatt Mumbai Hotel and Residences and Andaz Delhi; upper upscale the Hyatt Delhi Residences, Hyatt Regency Ahmedabad, Hyatt Regency Lucknow and Hyatt Raipur; and upscale Hyatt Place Hampi.

    The firm reported a net loss of Rs 26.50 crore and sales of Rs 336.11 crore for the six months ended on 30 September 2023.

    Powered by Capital Market - Live News

  • GPT Healthcare IPO subscribed 85% The initial public offer (IPO) of GPT Healthcare received 1,67,51,920 bids for shares as against 1,97,63,327 shares on offer, according to stock exchange data at 17:00 IST on Friday (23 February 2024). The issue was subscribed 0.85 times.

    The issue opened for bidding on Thursday (22 February 2024) and it will close on Monday (26 February 2024). The price band of the IPO is fixed at Rs 177 to 186 per share. An investor can bid for a minimum of 80 equity shares and in multiples thereof.

    The offer comprises of fresh issue of equity shares aggregating up to Rs 40 crore and offer for sale of 26,082,786 equity shares aggregating up to Rs 485.14 crore by BanyanTree Capital Growth II, LLC.

    The promoters and and promoter group held 67.34% of the pre-offer issued and paid-up equity share capital. The post IPO shareholding for the same is expected to be around 65.57%.

    The objectives for the fresh issue include Rs 30 crore for repayment/prepayment of certain borrowings and the remaining amount is to be used for general corporate purposes.

    Ahead of the IPO, GPT Healthcare on Wednesday, 21 February 2024 raised Rs 157.54 crore from anchor investors. The board allotted 84.69 lakh shares at Rs 186 each to 15 anchor investors.

    GPT Healthcare operates a chain of mid-sized full-service hospitals under the same brand and provides integrated healthcare services, with a focus on secondary and tertiary care. As of 30 September 2023, the company operated four multispecialty hospitals in Dum Dum, salt Lake and Howrah in West Bengal and Agartala in Tripura with a total capacity of 561 beds.

    The company offers comprehensive range of healthcare services across over 35 specialties and superspecialties including internal medicine and diabetology, nephrology (including renal transplants), laparoscopic and general suregery, gynaecology and obstetrics, critical care, gastroenterology, orthopaedics and joint replacements, interventional cardiology, neurology, neurosurgery, paediatrics and neonatology.

    The firm reported a net profit of Rs 23.49 crore and sales of Rs 204.18 crore for the six months ended on 30 September 2023.

    Powered by Capital Market - Live News