GPT Healthcare gets SEBI's nod to raise Rs 500 crore via IPO
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GPT Healthcare has received market regulator -- Securities Exchange Board of India’s (SEBI's) approval for its Rs 500 crore initial public offer (IPO). The company, which filed the draft red herring prospectus with the SEBI in August, got the regulator’s approval on December 29, 2021.
Proceeds from the fresh issuance of shares will be used to purchase medical equipment and for general corporate purposes. DAM Capital and SBI Capital Markets are the lead managers to the issue.
GPT Healthcare operates a chain of mid-sized hospitals in eastern India under the 'ILS Hospitals' brand and provides integrated healthcare services, with a focus on secondary and tertiary care.
