Yatharth Hospital and Trauma Care Services Limited IPO Out – All You Need to Know

Yatharth Hospital and Trauma Care Services Limited is a multi-care hospital chain. It will open its initial public offering (IPO) for subscription on Wednesday 26, 2023. The public offer will open for three days, closing on Friday 28, 2023. The initial public offering consists of new shares valued at Rs 490 crore and a sale of 65.51 lakh equity shares by promoters Vimla Tyagi, Prem Narayan Tyagi, and Neena Tyagi. The fresh issue proceeds will be allocated towards debt repayment, working capital needs, inorganic growth initiatives, and general corporate purposes. Fifty per cent of the total offering has been allocated for qualified institutional buyers, 15 per cent for high net-worth individuals, and the remaining 35 per cent for retail investors.

Yatharth Hospitals and Trauma Cars Services Limited Product Portfolio

Yatharth Hospital holds the eighth and 10th positions among the largest private hospitals in the National Capital Region of Delhi (Delhi NCR), based on the number of beds. Yatharth Hospitals operates three super speciality hospitals in the Delhi NCR region, specifically in Noida, Greater Noida, and Noida Extension, Uttar Pradesh. To expand its operations and services, the company acquired a 305-bedded multi-speciality hospital in Orchha, Madhya Pradesh. This hospital is one of the most extensive healthcare facilities in the area. After this acquisition, Yatharth Hospitals’ total bed capacity has increased to 1,405 beds as of the date of the filed RHP. Their Noida Extension Hospital, boasting 450 beds, is one of the most extensive medical facilities in the Noida Extension, Uttar Pradesh area. As of March 31, 2023, the hospital has a dedicated team of 609 doctors, providing comprehensive healthcare services covering various specialities and super specialities. They have established specialized Centres of Excellence in the following areas to ensure enhanced and focused patient care.

• 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 & Spine & Rheumatology

About Yatharth Hospital and Trauma Care Services Limited IPO

Yatharth Hospital & Trauma Care recently announced a media release that it has successfully raised Rs 120 crore through a pre-IPO placement. Based in Noida, the hospital chain offered 40 lakh shares at a price of Rs 300 per equity share, which includes a share premium of Rs 290 per equity share. During the Pre-IPO Placement, Plutus Wealth Management LLP was allocated 20 lakh equity shares, amounting to Rs 60 crore, while Think India Opportunities Master received 10 lakh equity shares worth Rs 30 crore. This pre-IPO placement has enabled the company to secure the necessary funds to prepare for its upcoming IPO (initial public offering).

The Book Running Lead Managers (BRLMs) to the issue are Intensive Fiscal Services Private Limited, Ambit Private Limited, and IIFL Securities Limited. These entities will manage and coordinate the initial public offering (IPO) process and help the company with various aspects of the issue, including pricing, marketing, and investor allocation.

The maximum allocation of QIB shares in the net issue will be 50%. The minimum allocation for NII (HNI) shares will be 15% of the net issue, and the minimum allocation for retail shares will be 35% of the net issue.

The Objectives of Yatharth Hospitals IPO

The funds raised will primarily be allocated to meet the capital expenses of the two hospitals in Noida. Additionally, a substantial portion of the funds will be used to finance the costs of the company’s subsidiaries. The company intends to utilize the money to facilitate inorganic growth. Yatharth Hospital aims to reduce its net debt burden by using a portion of the funds to repay and pre-pay some of its borrowings.

Important Details of Yatharth Hospital and Trauma Care Services Limited IPO

Financial Performance of Yatharth Hospital and Trauma Care Services Limited (In Crore)

Important Dates for Yatharth Hospital & Trauma Limited IPO

Promoters of the Company

Promoter of the company are Ajay Kumar Tyagi and Kapil Kumar

How to Apply

Wait for the public issue to open for subscription, then click on this link to apply for the Yatharth Hospitals & Trauma Limited IPO with Bigul https://ipo.bonanzaonline.com/.

How to Check Allotment Status

The registrar for Yatharth Hospitals & Trauma Limited is Link Intime India Private Ltd. To check your allotment status, please click on this link https://linkintime.co.in/

FAQs

1. What is an IPO subscription?

IPO subscription refers to the extent of demand for a public issue on BSE and NSE while it is open for a period of either 3 working days or 4-5 working days in the case of an SME IPO. During this time, investors can bid for IPO shares with either exchange (BSE or NSE). The IPO subscription indicates the number of times investors subscribe to the public issue.

2. When will Yatharth Hospitals & Trauma Limited’s IPO open?

The Yatharth Hospitals & Trauma Limited’s IPO will open for subscription on July 26, 2023.

3. What is the lot size of Yatharth Hospitals & Trauma Limited’s IPO?

The lot size of Yatharth Hospitals & Trauma Limited’s IPO is 50 shares.

4. When is Yatharth Hospitals & Trauma Limited’s IPO allotment?

The IPO allotment date for Yatharth Hospitals & Trauma Limited will be on August 2, 2023.

5. What is the process for purchasing Yatharth Hospitals & Trauma Limited’s IPO shares?

To buy Yatharth Hospitals & Trauma Limited’s IPO shares, retail investors can apply online through banks using the ASBA process or through a broker using UPI

6. What is the procedure for subscribing to Yatharth Hospitals & Trauma Limited’s IPO?

To subscribe to the Yatharth Hospitals & Trauma Limited, individuals with a demat account can apply online through their bank’s IPO application process. You can also visit Bigul’s website https://bigul.co/ to apply for the IPO.

7. When is the listing date of Yatharth Hospitals & Trauma Limited’s IPO?

The listing date of Yatharth Hospitals & Trauma Limited’s IPO is August 7, 2023.

8. What is Yatharth Hospitals & Trauma Limited’s IPO Size?

The size of Yatharth Hospitals & Trauma Limited’s IPO is Rs 490 crore.

9. What is Yatharth Hospitals & Trauma Limited’s IPO price band?

The price band for Yatharth Hospitals & Trauma Limited’s IPO is Rs 285 to Rs 300 per share.

10. What is the minimum and maximum lot size of Yatharth Hospitals & Trauma Limited’s IPO?

The minimum lot size of Yatharth Hospitals & Trauma Limited’s IPO is 50 shares.

11. What is the allotment date of Yatharth Hospitals & Trauma Limited’s IPO?

The allotment date of Yatharth Hospitals & Trauma Limited’s IPO is August 2, 2023.

12. What is the listing date of Yatharth Hospitals & Trauma Limited’s IPO?

The listing date of Yatharth Hospitals & Trauma Limited’s IPO is August 7, 2023.