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GPT Healthcare refiles IPO papers

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GPT Healthcare refiles IPO papers
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19 Oct 2023 12:00 AM IST

New Delhi: GPT Healthcare, which operates and manages mid-sized multispecialty hospitals under the ILS Hospitals brand, has refiled draft papers with capital market regulator Sebi to raise funds through an Initial Public Offering (IPO).

The IPO comprises a fresh issue of equity shares aggregating to Rs40 crore, and an offer for sale of up to 2.6 crore equity shares by BanyanTree Growth Capital II, LLC, a Mauritius-based structured private equity, according to the draft red herring prospectus filed on Monday.

Proceeds from the fresh issue will be used for payment of debt and general corporate purposes. Kolkata-based GPT Healthcare had in January 2021 filed preliminary papers with Securities and Exchange Board of India (Sebi) to raise Rs 450-500 crore through the issue. The company had received the capital markets regulator’s nod to float the issue but it didn’t go ahead with the launch.

GPT Healthcare ILS Hospitals Sebi IPO BanyanTree Growth Capital capital markets 
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