About Company

• Founded by Dr. Om Tantia, GPT Healthcare Ltd (“ILS Hospitals”) was incorporated on August 13, 2004.  ILS Hospitals is one of the key regional corporate healthcare companies in Eastern India in terms of number of beds and hospitals as of Fiscal Year 2023. The company operates a chain of mid-sized full-service hospitals under the         brand and provides integrated healthcare services, with a focus on secondary and tertiary care. As of September 30, 2023, they operate 4 multispecialty hospitals in Dum Dum, Salt Lake and Howrah in West Bengal and Agartala in Tripura with a total capacity of 561 beds.

• The company offers a comprehensive range of healthcare services across over 35 specialties and super specialties, including internal medicine and diabetology, nephrology (including renal transplants), laparoscopic and general surgery, gynaecology and obstetrics, critical care, gastroenterology, orthopaedics and joint replacements, interventional cardiology, neurology, neurosurgery, paediatrics, and neonatology.

• The company’s 1st hospital in their network was established in Salt Lake, Kolkata (West Bengal) in the year 2000 with a capacity of 8 beds, which has grown to 85 beds, including 17 beds across various ICUs and HDUs as of September 30, 2023.

• The 2nd hospital was set up in Agartala (Tripura) in the year 2011 and has a capacity of 205 beds as of September 30, 2023, including 66 beds across various ICUs and HDUs.

• Their 3rd hospital in Dum Dum, Kolkata (West Bengal), established in the year 2013, has 155 beds, including 53 beds across various ICUs and HDUs as of September 30, 2023. It is authorized to perform renal transplants.

• The 4th hospital in Howrah (West Bengal) was commissioned in the year 2019, with 116 beds including 43 beds across ICUs and HDUs as of September 30, 2023.

• The company has 1,902 employees, 91 full-time consultants, and 481 visiting consultants as of September 30, 2023. Each of their hospitals is managed by a Chief Operating Officer, who is responsible for supervising day-to-day functioning.

• Company’s revenue from operations (ex-COVID) grown at a CAGR of 53.87% over FY2021 to FY2023 and ROCE being 26.09% for FY2023.

Strengths

Competitive Strength 

• Key regional corporate healthcare company with a strong foothold in under-penetrated and densely populated healthcare delivery markets;
• ‘Right-sized’, full service and strategically located hospitals leading to high return on capital;
• Well diversified specialty mix and location mix;
• Ability to attract, train and retain quality medical professionals;
• Track record of operating and financial performance and growth;
• Professional management and experienced leadership;
• Investment in infrastructure, processes and clinical excellence driving affordability, and a strong value proposition for stakeholders.

Business Strategies 

• Strengthen the existing hospitals and offerings and add new capabilities and specialties;
• Strategically grow the presence in adjacent markets;
• Focus on flexible and asset-light expansion for quick break-even;
• Implementation of initiatives to improve existing operational efficiencies.

Company Promoters

Company Financials

GPT Healthcare Limited's revenue increased by 7.11% and profit after tax (PAT) dropped by -6.37% between the financial year ending with March 31, 2023 and March 31, 2022.

Objects of the Issue

1. Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the company from banks and financial institutions; and
2. General corporate purposes.