Bookbuilding IPO | ₹687 Cr | Listed at BSE, NSE | Wed, Jul 26, 2023 - Fri, Jul 28, 2023
Yatharth Hospital IPO is a book build issue of ₹686.55 crores. The issue is a combination of fresh issue of 1.63 crore shares aggregating to ₹490.00 crores and offer for sale of 0.66 crore shares aggregating to ₹196.55 crores.
Yatharth Hospital IPO bidding started from Jul 26, 2023 and ended on Jul 28, 2023. The allotment for Yatharth Hospital IPO was finalized on Aug 2, 2023. The shares got listed on BSE, NSE on Aug 7, 2023.
Yatharth Hospital IPO price band is set at ₹300 per share. The lot size for an application is 50. The minimum amount of investment required by an retail is ₹15,000 (50 shares) (based on upper price). The lot size investment for sNII is 14 lots (700 shares), amounting to ₹2,10,000, and for bNII, it is 67 lots (3,350 shares), amounting to ₹10,05,000.
Intensive Fiscal Services Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Yatharth Hospital IPO RHP for detailed Information.
IPO Open
Wed, Jul 26, 2023
IPO Close
Fri, Jul 28, 2023
Issue Price
₹300 per share
Market Cap (Pre-IPO)
₹2,575.51 Cr
| IPO Date | 26 to 28 Jul, 2023 |
| Listed on | Mon, Aug 7, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹285 to ₹300 |
| Issue Price | ₹300 per share |
| Lot Size | 50 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,28,85,023 shares (agg. up to ₹687 Cr) |
| Fresh Issue | 1,63,33,333 shares (agg. up to ₹490 Cr) |
| Offer for Sale | 65,51,690 shares of ₹10 (agg. up to ₹197 Cr) |
| Share Holding Post Issue | 8,58,50,233 shares |
| BSE Script Code / NSE Symbol | 543950 / YATHARTH |
| ISIN | INE0JO301016 |
Yatharth Hospital IPO offers total 2,28,85,023 shares. Out of which 1,14,42,510 (50.00%) allocated to QIB, 45,77,004 (20.00%) allocated to QIB (Ex- Anchor), 34,32,754 (15.00%) allocated to NII 80,09,759 (35.00%) allocated to RII and 68,65,506 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 1,14,42,510 (50.00%) | NA |
| − Anchor Investor Shares Offered | 68,65,506 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 45,77,004 (20.00%) | NA |
| NII (HNI) Shares Offered | 34,32,754 (15.00%) | NA |
| − bNII > ₹10L | 22,88,503 (10.00%) | 3,269 |
| − sNII < ₹10L | 11,44,251 (5.00%) | 1,634 |
| Retail Shares Offered | 80,09,759 (35.00%) | 1,60,195 |
| Total Shares Offered | 2,28,85,023 (100.00%) |
Investors can bid for a minimum of 50 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹15,000 |
| Retail (Max) | 13 | 650 | ₹1,95,000 |
| S-HNI (Min) | 14 | 700 | ₹2,10,000 |
| S-HNI (Max) | 66 | 3,300 | ₹9,90,000 |
| B-HNI (Min) | 67 | 3,350 | ₹10,05,000 |
Yatharth Hospital IPO raises ₹205.97 crore from anchor investors. Yatharth Hospital IPO Anchor bid date is July 25, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Jul 25, 2023 |
| Shares Offered | 68,65,506 |
| Anchor Portion (₹ Cr.) | 205.97 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Sep 1, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Oct 31, 2023 |
Incorporated in 2008, Yatharth Hospital and Trauma Care Services Limited is a multi-care hospital chain. Yatharth Hospital operates through its super specialty hospitals. These hospitals are situated in Delhi NCR, i.e., at Noida, Greater Noida, and Noida Extension, Uttar Pradesh. The hospital located in Noida Extension Hospital has 450 beds and is one of the largest hospitals in the area.
Yatharth Hospital and Trauma Care Services provide patients with various Amenities and facilities. All of their hospitals are accredited by the NABH. And the ones located at Greater Noida and Noida Extension are accredited by NABL. The hospitals comply with all necessary international quality standards to ensure safety and recovery of the patients.
The company acquired a 305-bedded multi-specialty hospital in Orchha, Madhya Pradesh to extend its operations and services.
A team of 370 doctors is engaged with the company. They offer healthcare services across numerous specialties and super specialties.
The super specialty or Centres of Excellence (COE) of the hospital includes:
Centre of Medicine, Centre of General Surgery, Centre of Gastroenterology, Centre of Cardiology, Centre of Nephrology & Urology, Centre of Pulmonology, Centre of Neurosciences, Centre of Paediatrics, Centre of Gynaecology, Centre of Orthopaedics and Spine & Rheumatology.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|---|
| Assets | 485.97 | 426.02 | 308.77 | 287.20 | 256.56 |
| Total Income | 523.10 | 402.59 | 229.19 | 146.18 | 102.07 |
| Profit After Tax | 65.77 | 44.16 | 19.59 | -2.05 | 3.98 |
| NET Worth | 182.96 | 116.89 | 72.46 | 54.29 | 55.60 |
| Total Borrowing | 263.78 | 258.19 | 186.11 | 184.57 | 164.57 |
| Amount in ₹ Crore | |||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/ prepayment, in full or part, of certain borrowings availed by the Company. | 100.00 |
| 2 | Repayment/ prepayment, in full or part, of certain borrowings availed by our Subsidiaries, namely, AKS Medical & Research Centre Private Limited (“AKS”) and Ramraja Multispeciality Hospital & Trauma Centre Private Limited (“Ramraja”) | 145.00 |
| 3 | Funding capital expenditure expenses of our Company for two hospitals, namely, Noida Hospital and Greater Noida Hospital. | 25.64 |
| 4 | Funding capital expenditure expenses of our Subsidiaries, AKS and Ramraja, for respective hospital operated by them. | 106.97 |
| 5 | Funding inorganic growth initiatives through acquisitions and other strategic initiatives | 65.00 |
| 6 | General corporate purposes. | 127.10 |
| KPI | |
|---|---|
| ROE | 35.95% |
| ROCE | 26.10% |
| Debt/Equity | 1.44 |
| RoNW | 35.95% |
| PAT Margin | 12.64% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 10.09 | |
| P/E (x) | 39.16 | |
| Promoter Holding | 91.34% | 66.32% |
| Market Cap | ₹2,575.51 Cr. |
The Yatharth Hospital IPO is subscribed 37.28 times on July 28, 2023 7:02:00 PM (Day 3). The public issue subscribed 8.66 times in the retail category, 86.37 times in the QIB category, and 38.62 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 86.37 | 45,77,004 | 39,53,17,750 |
| NII | 38.62 | 34,32,754 | 13,25,71,450 |
| bNII (bids above ₹10L) | 41.76 | 22,88,503 | 9,55,62,700 |
| sNII (bids below ₹10L) | 32.34 | 11,44,251 | 3,70,08,750 |
| Retail | 8.66 | 80,09,759 | 6,93,30,450 |
| Total | 37.28 | 1,60,19,517 | 59,72,19,650 |
Total Application : 12,56,979
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs’ fees and commissions (including underwriting commission, brokerage and selling commission) | 28.08 |
| 2 | Commission/processing fee for SCSBs, Sponsor Banks and Bankers to the Offer. Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 4.71 |
| 3 | Fees payable to the Registrar to the Offer | 0.26 |
| 4 | Others (i) Listing fees, SEBI filing fees, upload fees, BSE & NSE processing fees, book building software fees and other regulatory expenses. (ii) Printing and stationery expenses (iii) Advertising and marketing expenses (iv) Fees payable to other advisors to the Offer such as Statutory Auditor for preparing the Restated Consolidated Financial Information, statement of possible special tax benefits and for furnishing confirmations and certificates for purposes of the Offer and legal counsels for drafting of Offer related documentation and assisting the BRLMs in conducting due diligence, etc. (v) Miscellaneous | 20.60 |
| Price Details | NSE |
|---|---|
| Final Issue Price | ₹300.00 |
| Open | ₹306.10 |
| Low | ₹306.10 |
| High | ₹343.10 |
| Last Trade | ₹333.85 |
Yatharth Hospital IPO is a main-board IPO of 2,28,85,023 equity shares of the face value of ₹10 aggregating up to ₹687 Crores. The issue is priced at ₹300 per share. The minimum order quantity is 50.
The IPO opens on Wed, Jul 26, 2023, and closes on Fri, Jul 28, 2023.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Yatharth Hospital IPO using UPI as a payment gateway. Zerodha customers can apply in Yatharth Hospital IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Yatharth Hospital IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Yatharth Hospital IPO opens on Wed, Jul 26, 2023 and closes on Fri, Jul 28, 2023.
Yatharth Hospital IPO lot size is 50, and the minimum amount required for application is ₹15,000.
You can apply in Yatharth Hospital IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Yatharth Hospital IPO will be done on Wednesday, August 2, 2023, and the allotted shares will be credited to your demat account by Fri, Aug 4, 2023. Check the Yatharth Hospital IPO allotment status.
The Yatharth Hospital IPO listing date is on Mon, Aug 7, 2023.
