Yatharth Hospital IPO Subscribed 3.44 Times on Day 3; Final Day of Bidding Today

28 Jul 2023 , 03:42 PM

Yatharth Hospital’s initial public offering (IPO) witnessed a robust response from investors on the third day, with the subscription reaching 10 times of the offered shares. The IPO, which opened for subscription on July 26, is set to conclude on July 28.

During the three-day bidding process, the hospital is offering its shares in the price range of Rs 285 to Rs 300 per share. Investors can bid for a minimum of 600 equity shares and in multiples thereafter. The IPO comprises fresh equity shares worth Rs 490 crore and an offer-for-sale of approximately 65.52 lakh equity shares.

By 3.30 pm on Friday, July 28, 2023, investors made bids for a total of 53,58,35,950 equity shares, equivalent to 32.44 times the 1,65,17,823 equity shares offered for subscription. The retail investor quota was subscribed 7.74 times, non-institutional bidders’ allocation received 35.75 times bids, while the qualified institutional buyers (QIB) portion was booked 74.10 times.

Earlier, Yatharth Hospital IPO raised Rs 205.96 crores from 18 anchor investors at the upper price band of Rs 300 per equity share on Tuesday, July 25.