Yatharth Hospital IPO: Check IPO Details, Date, Price | Espresso

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Yatharth Hospital and Trauma Care Services Limited IPO opens on July 26. Check IPO Details Issue Date Price

July 24, 2023
Yatharth Hospital and Trauma Care Services Limited IPO opens on July 26. Check IPO Details Issue Date Price

Yatharth Hospital and Trauma Care Services Limited is coming out with a fresh public issue to raise Rs. 686.55 crores from the market.

Below are the details of the Yatharth Hospital and Trauma Care Services Limited IPO:

  • Issue opens – July 26(Wednesday)
  • Issue closes – July 28(Friday)
  • Issue size – Rs. 686.55 crores
  • Price band – Rs. 285 to 300 per equity share
  • Bid lot – 50 shares and in multiples thereof.

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And here are some details of the company and further details on the Yatharth Hospital and Trauma Care Services Limited IPO.

Company details:

  • Yatharth Hospital and Trauma Care Services Limited (“Yatharth”) was incorporated on February 28, 2008. Yatharth (i.e., Noida Extension Hospital and Greater Noida) is the 8th and 10th largest private hospital in the National Capital Region of Delhi (“Delhi NCR”), respectively, in terms of number of beds in Fiscal 2023. 
  • Currently, they operate 3 super specialty hospitals in Delhi NCR, i.e., at Noida, Greater Noida and Noida Extension, Uttar Pradesh (“UP”). Further, they acquired a 305-bedded multi-speciality hospital in Orchha, Madhya Pradesh near Jhansi, Uttar Pradesh (“Jhansi-Orchha”) which commenced commercial operations in from April 10, 2022, and is one of the largest hospitals in Jhansi-Orchha-Gwalior region in terms of number of beds. 
  • With this acquisition, their total bed capacity has increased to 1,405 beds. In addition, their critical care program comprises 394 critical care beds, as of March 31, 2023. Further, their Noida Extension hospital with 450 beds is one of the largest hospitals in the Noida Extension, Uttar Pradesh region. Providing quality care treatment to their patients and their services at their hospitals located in Noida, Greater Noida, and Noida Extension, all located in Uttar Pradesh have been rated “5 Star” by Infomerics Analytics and Research Pvt Ltd in 2022.
  • All their hospitals are accredited by the NABH while their hospitals located at Greater Noida and Noida Extension are also accredited by NABL.
  • They are empanelled with several of the third-party health insurance administrators and the non-life insurance companies, many government organisations including Employees’ State Insurance Corporation (“ESIC”), Central Government Health Scheme (“CGHS”), Ex-Servicemen Contributory Health Scheme (“ECHS”), as well as public sector undertakings and private enterprises.

Issue Size:

Rs. 686.55 crores

Issue break-up:

  • QIB – 50% of the offer – Rs. 343.28 crores
  • NIB – 15% of the offer – Rs. 102.98 crores
  • RET – 35% of the offer – Rs. 240.29 crores

Listing:

BSE and NSE

Registrar:

Link Intime Private Limited

UPI:

All Retail & NII bidders' (bids up to Rs. 5,00,000) applications through brokers are compulsorily in UPI Mode.

Note:

  • Application made using third party UPI or ASBA Bank A/c are liable to be rejected. 
  • The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs. 5,00,000) shall expire at 5:00 PM on the closing day of the IPO i.e. Friday, July 28, 2023     

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