GPT Healthcare has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise between Rs 450 and 500 crore through an initial public offering (IPO).
Proceeds from the fresh issue will be used to purchase medical equipment amounting to Rs 13.2 crore over the next two years besides general corporate purposes. Dam Capital Advisors and SBI Capital Market are the book running lead managers to the IPO.
GPT Healthcare is a chain of multi-specialty hospitals in East India operating under the brand name of ILS Hospitals.
