GPT Healthcare sets IPO price band

New Delhi: GPT Healthcare Ltd, which operates and manages mid-sized multi-specialty hospitals under the ILS Hospitals brand, on Monday fixed a price band at Rs177-186 per share for its Rs502-crore initial public offering (IPO).

The initial share-sale will open for a public subscription during February 22-26. The bidding for anchor investors will open for a day on February 21, the company said. The IPO is a combination of a fresh issue of equity shares aggregating to Rs40 crore and an Offer For Sale (OFS) of up to 2.6 crore equity shares by private equity firm BanyanTree Growth Capital II.