Yatharth Hospital IPO to hit Street on July 26: All you need to know

Yatharth Hospital IPO, Yatharth Hospital IPO opening date: Yatharth Hospital & Trauma Care is set to launch an initial public offer (IPO) today, July 26. The IPO of Yatharth Hospital & Trauma Care, which operates and manages private hospitals in the National Capital Region (NCR), includes fresh issuance of shares worth up to Rs 490 crore. 

Here are some of the key things to know about the Yatharth Hospital & Trauma Care IPO:  

Issue price & lot size

The super speciality hospital has fixed a price band of Rs 285-300 per share for the IPO. The bidding for anchor investors will open on July 25, and the public issue will conclude on July 28. The IPO comprises fresh issuance of equity shares aggregating up to Rs 490 crore, and an offer for sale (OFS) of up to 65.5 lakh equity shares by promoters Vimla Tyagi, Prem Narayan Tyagi and Neena Tyagi.

IPO size 

The public issue is expected to fetch Rs 677-687 crore for the company. Earlier this month, Yatharth Hospital raised Rs 120 crore from institutional investors in a pre-IPO round. This led to a reduction in the fresh issue size to Rs 490 crore, from Rs 610 crore planned earlier.

Yatharth Hospital IPO listing date

The Yatharth Hospital stock will likely be listed in the secondary market on August 7. The stock will be traded on bourses BSE and NSE.  

Yatharth Hospital IPO allotment date

The basis of the allotment of shares is likely to be finalised on August 2, and the credit of shares in demat accounts of successful bidders on August 4. Other participants will have refunds initiated on August 3.

Yatharth Hospital IPO: Fund ultilisation

Yatharth Hospital intends to utilise the net proceeds for repayment of the debt, funding capital expenditure expenses, funding inorganic growth initiatives through acquisition and other strategic initiatives, and for general corporate purposes.

Investor reservation

While half of the issue size has been reserved for qualified institutional buyers (QIBs), 35 per cent is for retail investors, and the remaining 15 per cent for non-institutional investors (NIIs).

Yatharth Hospital IPO: Book-running lead managers

Intensive Fiscal Services, Ambit and IIFL Securities are the book-running lead managers for the IPO.

Yatharth Hospital IPO

According to the company's red herring prospectus (RHP), Yatharth Hospital operates three super specialty hospitals located in Delhi NCR. At present, it has a total bed capacity of 1,405 beds, which is inclusive of 305 beds of Ramraja Multispeciality Hospital & Trauma Centre, an arm of the company.

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(With agency inputs)