Yatharth Hospital IPO GMP, Price, Dates & Allotment Details 2023
Introduction
The Yatharth Hospital IPO opens on July 26 and closes on July 28, 2023. According to the DRHP filed in SEBI, the company is planning to offer for the sale of 65.51 lakhs shares through this public issue.
Yatharth Hospital and Trauma Care Services Limited (“the Company”)
Yatharth Hospital and Trauma Care Services Limited was incorporated in 2008. They are among the top 10 largest private hospitals in the National Capital Region of Delhi (“Delhi NCR”) in terms of number of beds in Fiscal 2021.
As of the date of this Draft Red Herring Prospectus, They operate three super specialty hospitals in Delhi NCR, i.e., at Noida, Greater Noida, and Noida Extension (U.P.).
The company recently acquired a 305-bed multi-specialty hospital in Orchha, Madhya Pradesh, near Jhansi, Uttar Pradesh (“Jhansi-Orchha”), which is one of the largest hospitals in the Jhansi-Orchha-Gwalior region (Source: CRISIL Report). With this recent acquisition, its total bed capacity increased to 1,405 beds as of the date of this Draft Red Herring Prospectus. In addition, Its critical care program comprises 318 critical care beds as of January 31, 2022. All of its hospitals based in Delhi, NCR, are accredited by the NABH.
As of January 31, 2022, we engaged 370 doctors and offered healthcare services across several specialties and superspecialties. For better and more focused patient care, we have carved out the following super specialties as Centers of Excellence (“COE”):
Company Key Metrics
| Earning Per Share (EPS) | ₹ 10.09 per Equity Share |
| ROE | 35.95% |
| ROCE | 26.10% |
| Return on Net Worth (RoNW) | 35.95% |
Objects of the Issue,
The company proposes utilising the Fresh Issue’s net proceeds towards funding the following objects:
- Repayment or prepayment, in full or part, of certain borrowings availed by the company
- Repayment or prepayment, in full or part, of certain borrowings availed by the Subsidiaries, namely, AKS Medical & Research Centre Private Limited and Ramraja Multispeciality Hospital & Trauma Centre Private Limited
- Funding capital expenditure expenses of the Company for two hospitals, namely, Noida Hospital and Greater Noida Hospital.
- Funding capital expenditure expenses of the Subsidiaries, AKS and Ramraja, for the respective hospitals operated by them.
- Funding inorganic growth initiatives through acquisitions and other strategic initiatives.
- General corporate purposes.
Financial Highlights (Restated)
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Net Worth | 183 | 117 | 72 | 54 | 56 |
| Total Assets | 486 | 426 | 309 | 287 | 257 |
| Total Borrowings | 264 | 258 | 186 | 185 | 165 |
| Total Revenue | 523 | 403 | 229 | 146 | 102 |
| Profit After Tax | 66 | 44 | 20 | (2) | 4 |
IPO details
| Issue Type | Book Built Issue IPO |
| IPO Price | ₹ 285 to ₹ 300 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 50 shares |
| Issue Size | – |
| Fresh Issue | [.] shares (aggregating up to ₹ 490 crores) |
| Offer for Sale | 6,551,690 shares (aggregating up to ₹ [.] crores) |
| Listing At | BSE, NSE |
IPO Reservation
| Categories | No. of shares offered |
|---|---|
| QIB shares offered | Not more than 50% of the net issue |
| NII (HNI) shares offered | Not more than 15% of the net issue |
| Retail shares offered | Not more than 35% of the net issue |
GMP: Yatharth Hospital IPO
GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates: Yatharth Hospital IPO
The issue opens for subscription on July 26, 2023, and closes for subscription on July 28, 2023 (both days inclusive). The basis of allotment will be finalised on August 2, 2023, and the refunds will be initiated on August 3, 2023. In addition, the demat credits are expected to happen on August 4, 2023, and the stock will be listed on the BSE and NSE on August 7, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.
| Opening Date | July 26, 2023, |
| Closing Date | July 28, 2023 |
| Basis of Allotment | August 2, 2023 |
| Initiation of Refunds | August 3, 2023 |
| A credit of shares to Demat A/c | August 4, 2023 |
| Listing Date | August 7, 2023 |
Lot Size: Yatharth Hospital IPO
The lot size of the Yatharth Hospital and Trauma Care Services IPO is 50 shares. A retail-individual investor can apply for up to 13 lots, i.e. 650 shares of ₹ 195,000.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 50 | ₹ 15,000 |
| Retail (Maximum) | 13 | 650 | ₹ 195,000 |
| S-HNI (Minimum) | 14 | 700 | ₹ 210,000 |
| S-HNI (Maximum) | 66 | 3,300 | ₹ 990,000 |
| B-HNI (Minimum) | 67 | 3,350 | ₹ 1,005,000 |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP IPO RHP |
| Company Contact Information | 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/ |
| IPO Registrar | Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: yatharth.ipo@linkintime.co.in Website: https://linkintime.co.in/ |
| IPO Lead Manager(s) | 1. Intensive Fiscal Services Private Limited 2. Ambit Private Limited 3. IIFL Securities Ltd |
FAQs
What is Yatharth Hospital and Trauma Care Services’ IPO price?
The Yatharth Hospital and Trauma Care Services IPO price is ₹ 285 to ₹ 300 per share.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors. One lot of the Yatharth Hospital and Trauma Care Services IPO contains 50 shares of ₹ 15,000.
When will the Yatharth Hospital and Trauma Care Services IPO allotment be available?
The finalisation of the basis of allotment for the Yatharth Hospital and Trauma Care Services IPO will be done on August 2, 2023, and the allotted shares will be credited to your demat account by August 4, 2023. Check the Yatharth Hospital and Trauma Care Services IPO allotment status.
When will the Yatharth Hospital and Trauma Care Services IPO list on exchanges?
The Yatharth Hospital and Trauma Care Services IPO shares listing date is August 7, 2023.
How many Yatharth Hospital and Trauma Care Services IPO Offer shares are reserved for HNIs and retail investors?
The investors’ portion for QIB is 50% of the Net Issue, NII (HNI) is 15% of the net issue, and Retail is 35%.
