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Yatharth Hospital IPO GMP, Price, Dates & Allotment Details 2023

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
ROE35.95%
ROCE26.10%
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:

  1. Repayment or prepayment, in full or part, of certain borrowings availed by the company
  2. 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
  3. Funding capital expenditure expenses of the Company for two hospitals, namely, Noida Hospital and Greater Noida Hospital.
  4. Funding capital expenditure expenses of the Subsidiaries, AKS and Ramraja, for the respective hospitals operated by them.
  5. Funding inorganic growth initiatives through acquisitions and other strategic initiatives.
  6. General corporate purposes.

Financial Highlights (Restated)

ParticularsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Net Worth183117725456
Total Assets486426309287257
Total Borrowings264258186185165
Total Revenue523403229146102
Profit After Tax664420(2)4
(Amount in ₹ Crores)

IPO details

Issue TypeBook Built Issue IPO
IPO Price₹ 285 to ₹ 300 per share
Face Value₹ 10 per share
Market Lot50 shares
Issue Size
Fresh Issue[.] shares (aggregating up to ₹ 490 crores)
Offer for Sale6,551,690 shares (aggregating up to ₹ [.] crores)
Listing AtBSE, NSE

IPO Reservation

CategoriesNo. of shares offered
QIB shares offeredNot more than 50% of the net issue
NII (HNI) shares offeredNot more than 15% of the net issue
Retail shares offeredNot 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 DateJuly 26, 2023,
Closing DateJuly 28, 2023
Basis of AllotmentAugust 2, 2023
Initiation of RefundsAugust 3, 2023
A credit of shares to Demat A/cAugust 4, 2023
Listing DateAugust 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.

ApplicationsLotsSharesAmount 
Retail (Minimum)150₹ 15,000
Retail (Maximum)13650₹ 195,000
S-HNI (Minimum)14700₹ 210,000
S-HNI (Maximum)663,300₹ 990,000
B-HNI (Minimum)673,350₹ 1,005,000

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
IPO RHP
Company Contact InformationYatharth 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: [email protected]
Website: https://www.yatharthhospitals.com/
IPO RegistrarLink Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/
IPO Lead Manager(s)1. Intensive Fiscal Services Private Limited
2. Ambit Private Limited 
3. IIFL Securities Ltd

FAQs

The Yatharth Hospital and Trauma Care Services IPO price is ₹ 285 to ₹ 300 per share.

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.

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.

The Yatharth Hospital and Trauma Care Services IPO shares listing date is August 7, 2023.

The investors’ portion for QIB is 50% of the Net Issue, NII (HNI) is 15% of the net issue, and Retail is 35%.

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