Yatharth Hospital IPO opens: GMP, subscription status, and more

JSW Infra IPO attracts ₹1,260 Cr from anchor investors before launch

Yatharth Hospital IPO Opens: GMP, Subscription Status

On July 26, Yatharth Hospital and Trauma Care Services Ltd. began accepting subscriptions for their initial public offering (IPO), which is scheduled to end on July 28. For the planned IPO, the business has established the price range for each equity share at between 285 and 300.

The previous day, on July 25, the Yatharth Hospital IPO was successful in raising 205.96 crores from 18 anchor investors at the maximum price range of 300 rupees per equity share. SBI Life Insurance Company, Goldman Sachs (Singapore), Kotak Mahindra Life Insurance Company, ICICI Prudential Mutual Fund, Max Life Insurance Company, HDFC MF, and BNP Paribas Arbitrage are a few notable anchor investors.

The net revenues from the IPO will be used to pay off debt, fund capital costs for the hospitals run by the company’s subsidiaries AKS and Ramraja, as well as Noida and Greater Noida Hospitals. The money will also be utilised for general business reasons and for inorganic development activities, such as acquisitions.

Shares in the public offering will be distributed as follows: up to 50% will go to qualified institutional buyers (QIB), at least 15% will go to non-institutional investors (NII), and at least 35% will go to retail investors.

The face value of each equity share is 10, with a floor price of 28.5 times that value and a cap price of 30.0 times that value. At the floor price and cap price, the company’s price to earnings ratios are 28.25 and 29.73, respectively. Bids may be submitted for a minimum of 50 equity shares and thereafter in increments of 50 equity shares.

Also Read: Yatharth Hospital IPO Subscription Status (Live Data)

The Yatharth Hospital IPO GMP is now 55, meaning that as of Wednesday, the shares were selling for a premium of 55.

Monday, August 7 is the scheduled day for the listing of Yatharth Hospital shares.

Intensive Fiscal Services Private Ltd, Ambit Private Ltd, and IIFL Securities Ltd are the three book running lead managers involved with the offer, while Link Intime India Private Ltd will act as the registrar for the public offering.

Also Read: Yatharth Hospital IPO GMP Today ( Grey Market Premium )

About Yatharth Hospital:

In the Delhi NCR region, Yatharth Hospital runs three state-of-the-art super-specialty hospitals. In a significant move in April 2022, the hospital acquired a 305-bed multi-specialty facility in Orchha, Madhya Pradesh. With this strategic acquisition, the total number of beds under their administration skyrocketed to an impressive 1,405 beds. As of March 2023, the hospital network boasts a team of 609 dedicated and knowledgeable doctors, a testament to their commitment in providing exceptional medical care and expertise to their patients.

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