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Yatharth Hospital IPO is a book built issue of Rs 686.55 crores. The issue is a combination of fresh issue of 1.63 crore shares aggregating to Rs 490.00 crores and offer for sale of 0.66 crore shares aggregating to Rs 196.55 crores.
Yatharth Hospital IPO bidding started from July 26, 2023 and ended on July 28, 2023. The allotment for Yatharth Hospital IPO was finalized on Wednesday, August 2, 2023. The shares got listed on BSE, NSE on August 7, 2023.
Yatharth Hospital IPO price band is set at ₹285 to ₹300 per share. The minimum lot size for an application is 50 Shares. The minimum amount of investment required by retail investors is ₹15,000. The minimum lot size investment for sNII is 14 lots (700 shares), amounting to ₹210,000, and for bNII, it is 67 lots (3,350 shares), amounting to ₹1,005,000.
Intensive Fiscal Services Private Limited, Ambit Private Limited and Iifl Securities Ltd are the book running lead managers of the Yatharth Hospital IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Yatharth Hospital IPO RHP for detailed information.
| IPO Date | July 26, 2023 to July 28, 2023 |
| Listing Date | August 7, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹285 to ₹300 per share |
| Lot Size | 50 Shares |
| Total Issue Size | 22,885,023 shares (aggregating up to ₹686.55 Cr) |
| Fresh Issue | 16,333,333 shares (aggregating up to ₹490.00 Cr) |
| Offer for Sale | 6,551,690 shares of ₹10 (aggregating up to ₹196.55 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 69,516,900 |
| Share holding post issue | 85,850,233 |
Yatharth Hospital IPO offers 22,885,023 shares. 4,577,004 (20.00%) to QIB, 3,432,754 (15.00%) to NII, 8,009,759 (35.00%) to RII 6,865,506 (30.00%) to Anchor investors. 160,195 RIIs will receive minimum 50 shares and 1,634 (sNII) and 3,269 (bNII) will receive minimum 700 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 6,865,506 (30.00%) | NA |
| QIB Shares Offered | 4,577,004 (20.00%) | NA |
| NII (HNI) Shares Offered | 3,432,754 (15.00%) | |
| bNII > ₹10L | 2,288,503 (10.00%) | 3,269 |
| sNII < ₹10L | 1,144,251 (5.00%) | 1,634 |
| Retail Shares Offered | 8,009,759 (35.00%) | 160,195 |
| Total Shares Offered | 22,885,023 (100%) |
Yatharth Hospital IPO raises Rs 205.97 crore from anchor investors. Yatharth Hospital IPO Anchor bid date is July 25, 2023. Yatharth Hospital IPO Anchor Investors list
| Bid Date | July 25, 2023 |
| Shares Offered | 6,865,506 |
| Anchor Portion Size (In Cr.) | 205.97 |
| Anchor lock-in period end date for 50% shares (30 Days) | September 1, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 31, 2023 |
Yatharth Hospital IPO opens on July 26, 2023, and closes on July 28, 2023.
| IPO Open Date | Wednesday, July 26, 2023 |
| IPO Close Date | Friday, July 28, 2023 |
| Basis of Allotment | Wednesday, August 2, 2023 |
| Initiation of Refunds | Thursday, August 3, 2023 |
| Credit of Shares to Demat | Friday, August 4, 2023 |
| Listing Date | Monday, August 7, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 28, 2023 |
Investors can bid for a minimum of 50 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹15,000 |
| Retail (Max) | 13 | 650 | ₹195,000 |
| S-HNI (Min) | 14 | 700 | ₹210,000 |
| S-HNI (Max) | 66 | 3,300 | ₹990,000 |
| B-HNI (Min) | 67 | 3,350 | ₹1,005,000 |
| Lot Size Calculator | |||
Ajay Kumar Tyagi and Kapil Kumar are the Promoters of the company.
| Share Holding Pre Issue | 91.34% |
| Share Holding Post Issue | 66.32% |
Incorporated in 2008, Yatharth Hospital and Trauma Care Services Limited is a multi-care hospital chain. Yatharth Hospital operates through its super specialty hospitals. These hospitals are situated in Delhi NCR, i.e., at Noida, Greater Noida, and Noida Extension, Uttar Pradesh. The hospital located in Noida Extension Hospital has 450 beds and is one of the largest hospitals in the area.
Yatharth Hospital and Trauma Care Services provide patients with various Amenities and facilities. All of their hospitals are accredited by the NABH. And the ones located at Greater Noida and Noida Extension are accredited by NABL. The hospitals comply with all necessary international quality standards to ensure safety and recovery of the patients.
The company acquired a 305-bedded multi-specialty hospital in Orchha, Madhya Pradesh to extend its operations and services.
A team of 370 doctors is engaged with the company. They offer healthcare services across numerous specialties and super specialties.
The super specialty or Centres of Excellence (COE) of the hospital includes:
Centre of Medicine, Centre of General Surgery, Centre of Gastroenterology, Centre of Cardiology, Centre of Nephrology & Urology, Centre of Pulmonology, Centre of Neurosciences, Centre of Paediatrics, Centre of Gynaecology, Centre of Orthopaedics and Spine & Rheumatology.
| Period Ended | 31 Mar 2019 | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 256.56 | 287.20 | 308.77 | 426.02 | 485.97 |
| Revenue | 102.07 | 146.18 | 229.19 | 402.59 | 523.10 |
| Profit After Tax | 3.98 | -2.05 | 19.59 | 44.16 | 65.77 |
| Net Worth | 55.60 | 54.29 | 72.46 | 116.89 | 182.96 |
| Reserves and Surplus | |||||
| Total Borrowing | 164.57 | 184.57 | 186.11 | 258.19 | 263.78 |
The market capitalization of Yatharth Hospital IPO is Rs 2575.51 Cr.
| KPI | Values |
|---|---|
| ROE | 35.95% |
| ROCE | 26.10% |
| Debt/Equity | 1.44 |
| RoNW | 35.95% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 10.09 | |
| P/E (x) | 39.16 |
The Company proposes to utilize the Net Proceeds of the Fresh Issue towards funding the following objects:
[Dilip Davda] The company has a 1405-bed capacity four hospitals chain in the northern region and is one of the leading healthcare service providers. Based on its current financial status, the issue appears fully priced but is poised for bright prospects ahead. Investors may consider parking funds for the medium to long-term rewards. Read detail review...
The Yatharth Hospital IPO is subscribed 37.28 times on July 28, 2023 7:02:00 PM. The public issue subscribed 8.66 times in the retail category, 86.37 times in the QIB category, and 38.62 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 86.37 |
| NII | 38.62 |
| bNII (bids above ₹10L) | 41.76 |
| sNII (bids below ₹10L) | 32.34 |
| Retail | 8.66 |
| Total | 37.28 |
Total Application : 1,256,979 (7.85 times)
| Listing Date | August 7, 2023 |
| BSE Script Code | 543950 |
| NSE Symbol | YATHARTH |
| ISIN | INE0JO301016 |
| Final Issue Price | ₹300 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE |
|---|
| ₹300.00 |
| ₹306.10 |
| ₹306.10 |
| ₹343.10 |
| ₹300.00 |
Yatharth Hospital and Trauma Care Services Limited
JA 108 DLF Tower A
Jasola District Centre
South Delhi, Delhi - 110 025
Phone: +91 11 4996 7892
Email: cs@yatharthhospitals.com
Website: https://www.yatharthhospitals.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: yatharth.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Yatharth Hospital IPO is a main-board IPO of 22,885,023 equity shares of the face value of ₹10 aggregating up to ₹686.55 Crores. The issue is priced at ₹285 to ₹300 per share. The minimum order quantity is 50 Shares.
The IPO opens on July 26, 2023, and closes on July 28, 2023.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Yatharth Hospital IPO using UPI as a payment gateway. Zerodha customers can apply in Yatharth Hospital IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Yatharth Hospital IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Yatharth Hospital IPO opens on July 26, 2023 and closes on July 28, 2023.
Yatharth Hospital IPO lot size is 50 Shares, and the minimum amount required is ₹15,000.
You can apply in Yatharth Hospital IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Yatharth Hospital IPO will be done on Wednesday, August 2, 2023, and the allotted shares will be credited to your demat account by Friday, August 4, 2023. Check the Yatharth Hospital IPO allotment status.
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Happy that it passed thru the expected listing price of 375/-...