New Delhi :
Yatharth Hospital and Trauma Care Services Limited launched their Initial Public Offering (IPO) from July 26, 2023, providing investors with another lucrative opportunity.
The IPO will be open for investment until July 28, allowing interested parties to bet on the company’s future growth.
Prior to the IPO opening, on July 25, anchor investors were given chance to place their bids.
The IPO consists of fresh shares worth ₹490 crore and an offer for sale of 65.51 lakh equity shares by promoters Vimla, Prem Narayan, and Neena Tyagi.
The primary objective of raising funds through the IPO is to repay loans and invest in various hospitals, including Noida Hospital, Greater Noida Hospital, AKS, and Ramraja, which are subsidiaries of the company.
The company had previously raised ₹120 crore through a private placement of 40 lakh equity shares at ₹300 each, reducing the overall IPO size from ₹610 crore to ₹490 crore.
The allocation for the IPO offering is set at 50% for qualified institutional buyers (QIBs), 15% for non-institutional investors (NII), and 35% for retail investors.
Each equity share has a face value of ₹10, with a floor price set at 28.5 times and a cap price set at 30.0 times the face value of the shares.
The price-to-earnings ratio of the company is 28.25 at the floor price and 29.73 at the cap price.
Investors are eagerly looking forward to the Yatharth Hospital IPO as it promises growth potential in the healthcare sector while providing an opportunity to be part of the company’s expansion and development journey.