When is the IPO of GPT Healthcare likely to hit the IPO market?
Answer
Answer
The brand owner of the ILS chain of hospitals, GPT Healthcare, got SEBI approval for its proposed Rs.500 crore IPO. The fresh issue is quite small at Rs.17.50 crore with the balance by way of OFS. Out of the 2.98 crore shares offered in the OFS, Banyan Tree Capital will offer 2.61 crore shares while GPT Sons will offer the balance. Normally, the process of announcing the IPO dates happens within 15-20 days of the SEBI approval.