Yatharth complete pre-IPO placement of Rs. 120 cr.

Published on Saturday, July 8, 2023 by Chittorgarh.com Team | Modified on Friday, August 11, 2023

IPO bound Yatharth Hospital & Trauma Care Limited, in consultation with the BRLMs, has undertaken a Pre-IPO placement of 4000000 equity shares for cash at a price of Rs. 300 per equity share (including a share premium of Rs. 290 per equity share) aggregating to Rs. 120.00 cr. as approved by the Board at its meeting held on July 05, 2023 and by the Shareholders at their extra ordinary general meeting held on the same day.

The Pre-IPO Placement comprises of 2000000 equity shares amounting to Rs. 60 cr. allotted to Plutus Wealth Management LLP; 1000000 equity shares amounting to Rs. 30 cr. allotted to Think India Opportunities Master Fund LP; 333333 equity shares amounting to Rs. 10 cr. allotted to Vikas Vijaykumar Khemani; 433334 equity shares amounting to Rs. 13 cr. allotted to Rosy Blue Diamonds Pvt. Ltd. and 233333 equity shares amounting to Rs. 7 cr. allotted to Viraj Russell Mehta. 

The company has filed DRHP with SEBI for a proposed IPO. The size of the fresh issue of up to Rs. 610 cr., has been reduced by Rs. 120 cr. pursuant to the Pre-IPO placement, and accordingly, the revised size of the fresh issue is up to Rs. 490 cr. and an Offer for Sale remains up to 6551690 equity shares by "Promoter Group Selling Shareholder". Intensive Fiscal Services Private Limited, Ambit Private Limited and IIFL Securities Limited are the Book Running Lead Managers to the Issue.