Last day to subscribe Yatharth Hospital IPO; issue subscribed 10 times so far

28 Jul 2023 , 01:00 PM

Yatharth Hospital & Trauma Care Services witnessed a robust response from investors on July 28, the final day of bidding for its IPO. The company received applications for 16.37 crore equity shares, surpassing the issue size of 1.65 crore shares by an impressive 9.91 times.

Retail investors displayed significant interest, bidding 5.48 times the allotted quota, while high-net-worth individuals (non-institutional investors) subscribed 17.45 times the reserved portion. Qualified institutional buyers secured 12.07% of their reserved portion.

Qualified institutional buyers had a 50% reservation in the public issue, including the anchor book, which resulted in the company raising Rs 206 crore on July 25, a day before the IPO opening.

With 15% of the total offer reserved for high-net-worth individuals, the remaining 35% of the IPO shares are designated for retail investors.

The proceeds from the fresh issue will be utilized for repaying debts, capital expenditure towards hospitals, and funding inorganic growth initiatives.

Headquartered in Noida, Yatharth Hospital operates three super-specialty hospitals in Uttar Pradesh and one multi-specialty hospital in Madhya Pradesh, acquired in 2022, expanding the total bed capacity to 1,405 beds.

Yatharth Hospital & Trauma Care Ltd IPO important details:

Open date	26 July 2023
Close date	28 July 2023
Lot size	50 shares
IPO size (Rs crore)	Rs 686.55 crore
IPO price range (Rs)	Rs 285-300 per share
Minimum investment	Rs 15,000
Basis of allotment date	2 August 2023
Refunds date	3 August 2023
Credit to demat account date	4 August 2023
Listing date	7 August 2023