IPO alert: Yatharth Hospital to open its IPO on July 26. Here’s what you need to know!

Look into Yatharth Hospital's IPO—Opening on July 26 with ₹285-₹300 a piece. Discover key factors and financial insights.

Yatharth Hospital and Trauma Care Services, a prominent multi-care hospital chain based in Noida, is all set to launch its Initial Public Offering (IPO) on July 26.

• Yatharth Hospital IPO opens on July 26.
• The IPO size is ₹687 crore approximately, with a fresh issue of ₹490 crore for expansion.
• The company's growth potential is evident from its consistent financial performance.
• Detailed information about the IPO is available on SEBI's website.

Here are 10 critical factors to consider when evaluating this IPO:

1. About the Company -

Established in 2008, Yatharth Hospital and Trauma Care Services Limited ranks among the top 10 largest private hospitals in the National Capital Region of Delhi. It currently operates three super-speciality hospitals in Delhi NCR and acquired a 305-bedded multi-speciality hospital in Orchha, Madhya Pradesh, in April 2022. With this acquisition, the company's total bed capacity increased to 1,405 beds.

2. Share price details -

The IPO price band is set at ₹285 to ₹300 per share, with a face value of ₹10 per share. The lot size for the IPO is 50 shares.

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3. Reservation

The IPO offers a reservation of 50% for qualified institutional buyers (QIBs), 15% for high-net-worth individuals (HNIs), and 35% for retail investors.

4. Issue size -

The IPO aims to raise approximately ₹687 crore in total. This includes a fresh issue of ₹490 crore and an offer for the sale of up to 65,51,690 equity shares valued at ₹10 each. Notably, the issue size was reduced from ₹610 crore to ₹490 crore after the company raised ₹120 crore via pre-IPO placement.

5. Important IPO dates -

The Yatharth Hospital IPO is scheduled to open on July 26, 2023, and will close on July 28, 2023. The basis of allotment is set for August 2, 2023, and refunds will be initiated on August 3, 2023. The shares will be credited to demat accounts on August 4, 2023, with the listing date set for August 7, 2023.

6. Objectives of the IPO -

The primary objectives of the IPO are to repay and prepay certain borrowings availed by the company and its subsidiaries, fund capital expenditure expenses for two hospitals, and finance inorganic growth initiatives through acquisitions and other strategic initiatives. The IPO proceeds will also be utilised for general corporate purposes.

7. Financials -

Yatharth Hospital and Trauma Care Services have shown steady financial growth in recent years. As of March 2023, the company's total assets stood at ₹485.97 crore, with a total revenue of ₹523.10 crore and a net profit of ₹65.77 crore. The company's net worth was ₹182.96 crore, and total borrowings amounted to ₹263.78 crore.

8. Company Promoters -

The promoters of the company include Ajay Kumar Tyagi and Kapil Kumar.

9. Merchant bankers -

Intensive Fiscal Services, Ambit, and IIFL Securities have been appointed as the merchant bankers to the issue.

10. Registrar -

The registrar for the issue is Link Intime India Private Limited.

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Disclaimer: This article is intended for general information purposes only and should not be construed as investment or legal advice. You should separately obtain independent advice when making decisions in these areas.