Bharat Highways InvIT vs GPT Healthcare IPO

Comparision between Bharat Highways InvIT and GPT Healthcare IPO.

IPO Details

Bharat Highways InvIT is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while GPT Healthcare IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Bharat Highways InvIT	GPT Healthcare IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	InvIT	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	ICICI Securities Limited Axis Bank Limited Hdfc Bank Limited Iifl Securities Ltd	Jm Financial Limited
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
Market Maker
DRHP		DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Bharat Highways InvIT is up to ₹2,500.00 Cr whereas the issue size of the GPT Healthcare IPO is up to ₹525.14 Cr. The final issue price of Bharat Highways InvIT is ₹100.00 per share and of GPT Healthcare IPO is ₹186.00 per share.

	Bharat Highways InvIT	GPT Healthcare IPO
Face Value		₹10 per share
Issue Price (Lower)	₹98.00 per share	₹177.00 per share
Issue Price (Upper)	₹100.00 per share	₹186.00 per share
Issue Price (Final)	₹100.00 per share	₹186.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	150 shares	80 shares
Fresh Issue Size	25,00,00,000 shares	21,50,537 shares
Fresh Issue Size (Amount)	up to ₹2,500.00 Cr	up to ₹40.00 Cr
OFS Issue Size		2,60,82,786 shares
OFS Issue Size (Amount)		up to ₹485.14 Cr
Issue Size Total	25,00,00,000 shares	2,82,33,323 shares
Issue Size Total (Amount)	up to ₹2,500.00 Cr	up to ₹525.14 Cr

IPO Timetable

Bharat Highways InvIT opens on Feb 28, 2024, while GPT Healthcare IPO opens on Feb 22, 2024. The closing date of Bharat Highways InvIT and GPT Healthcare IPO is Mar 01, 2024, and Feb 26, 2024, respectively.

	Bharat Highways InvIT	GPT Healthcare IPO
Anchor Bid Date	Feb 27, 2024	Feb 21, 2024
Issue Open	Feb 28, 2024	Feb 22, 2024
Issue Close	Mar 01, 2024	Feb 26, 2024
Basis Of Allotment (Tentative)	Mar 06, 2024	Feb 27, 2024
Initiation of Refunds (Tentative)	Mar 07, 2024	Feb 28, 2024
Credit of Share (Tentative)	Mar 07, 2024	Feb 28, 2024
Listing date (Tentative)	Mar 12, 2024	Feb 29, 2024
Anchor Lockin End date 1	Apr 05, 2024	Mar 28, 2024
Anchor Lockin End date 2	Jun 04, 2024	May 27, 2024

Financials

Bharat Highways InvIT P/E ratio is , as compared to GPT Healthcare IPO P/E ratio of 38.1.

Bharat Highways InvIT

GPT Healthcare IPO

Financial

Bharat Highways Infrastructure Investment Trust Financial Information (Restated)

Bharat Highways Infrastructure Investment Trust's revenue decreased by -3.92% and profit after tax (PAT) rose by 738.34% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	5,916.80	6,056.28	5,536.40	4,943.95
Revenue	388.54	1,537.47	1,600.18	2,170.39
Profit After Tax	101.35	527.05	62.87	149.45
Amount in ₹ Crore

GPT Healthcare Limited Financial Information (Restated Consolidated)

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.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	332.09	326.76	323.22	317.21
Revenue	206.70	366.73	342.40	248.86
Profit After Tax	23.49	39.01	41.66	21.09
Net Worth	171.43	164.14	156.96	132.68
Reserves and Surplus	92.75	85.46	78.28	75.96
Total Borrowing	55.57	64.67	95.52	122.93
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

67.34%

Promoter Shareholding (Post-Issue)

P/E Ratio

38.1

Market Cap

₹1526.22 Cr.

ROE

23.59%%

ROCE

26.09%%

Debt/Equity

0.39

EPS

₹4.88

RoNW

23.77%%

Shares Offered

In the Bharat Highways InvIT retail investors (RII) are offered 0 shares while in GPT Healthcare IPO retail investors are offered 0 shares. Qualified institutional buyers (QIB) are offered 5,61,88,800 shares in Bharat Highways InvIT and 56,46,665 shares in GPT Healthcare IPO.

	Bharat Highways InvIT	GPT Healthcare IPO
Anchor Investor Reserveration	8,25,97,350 shares	84,69,996 shares
Market Maker Reserveration
QIB	5,61,88,800 shares	56,46,665 shares
NII	0 shares	42,34,999 shares
RII	0 shares	98,81,663 shares
Employee	0 shares	0 shares
Others
Total	10,30,12,800 shares	1,97,63,327 shares

Bids Received (Subscription)

Bharat Highways InvIT subscribed 6.74x in total, whereas GPT Healthcare IPO subscribed 8.52x.

	Bharat Highways InvIT	GPT Healthcare IPO
QIB (times)	6.59x	17.30x
NII (times)		11.02x
Big NII (times)		11.98x
Small NII (times)		9.09x
RII (times)		2.44x
Employee (times)
Other (times)	6.93x
Total (times)	6.74x	8.52x

Compare with others

Bharat Highways InvIT	GPT Healthcare IPO
SRM Contractors IPO	Popular Vehicles & Services IPO
Popular Vehicles & Services IPO	Gopal Namkeen IPO
Gopal Namkeen IPO	Krystal Integrated Services IPO
Krystal Integrated Services IPO	JG Chemicals IPO
JG Chemicals IPO	Bharat Highways InvIT
GPT Healthcare IPO	Juniper Hotels IPO
Juniper Hotels IPO	Vibhor Steel Tubes IPO
Vibhor Steel Tubes IPO	Entero Healthcare Solutions IPO
Entero Healthcare Solutions IPO	Exicom Tele-Systems IPO
Exicom Tele-Systems IPO	Capital SFB IPO

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