Hospitals | October 18, 2021
GPT Healthcare to go public to fund expansion
The company operates four mid-sized hospitals with a total bed capacity of 556 in eastern India
The company operates four mid-sized hospitals with a total bed capacity of 556 in eastern India
Since its inception, the company has either acquired or taken a majority stake in five companies
Its store network grew from 144 stores in March 2019 to 236 stores. It has a presence in 23 cities across Maharashtra, Goa and Karnataka, employing more than 4,600 people.
The issue will consist of the issuance of fresh equity shares worth up to Rs 331.60 crore and an offer for sale (OFS) of Rs 500 crore by promoters and existing shareholders
Global Health operates a network of four hospitals under the Medanta brand in Gurugram, Indore, Ranchi and Lucknow. In addition, one hospital is under construction in Patna, and another is planned for development in Noida
The company said in a regulatory filing that it was confident of addressing the observations satisfactorily
A long waiting period for critical equipment and a 50% hike in the cost of APIs imported from China are among the immediate challenges
As of FY21, it is the largest independent medical device company and the second-largest company overall, in the surgical consumables market in India with a 7.91 per cent share based on the value
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In FY21, the company reported a net profit of Rs 419 crores compared to Rs 101 crores in FY 20 and consolidated total income at Rs 6092 crores, up 19% Y-o-Y
In the interim, the statutory approvals obtained by the company under SEBI ICDR have lapsed in accordance with applicable law and are required to be re-obtained
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