Yatharth Hospital secures Rs 206 Crore in anchor book preceding IPO

26 Jul 2023 , 10:06 AM

The initial public offer of Yatharth Hospital & Trauma Care Ltd is going to open today for subscription and ahead this, the company has mobilized Rs 205.96 crore from anchor book. 

In a recent exchange filing on July 25, Yatharth Hospital disclosed that it has allocated 68,65,506 equity shares to 18 anchor investors at the issue price of Rs 300 per share. Notable names among the anchor book participants include ICICI Prudential, Nippon Life, HDFC Mutual Fund, Aditya Birla Sun Life Trustee, Bandhan Mutual Fund, HSBC Global Investment Funds, SBI Life Insurance, Troo Capital, Carnelian Capital, BNP Paribas Arbitrage, Goldman Sachs, Max Life Insurance, Kotak Mahindra Life, and Jupiter India Fund.

The Noida-based hospital chain is preparing to raise Rs 686.55 crore through its maiden public offer. The IPO will consist of a fresh issue of equity shares worth Rs 490 crore and an offer for sale of 65.51 lakh equity shares by promoters Vimla Tyagi, Prem Narayan Tyagi, and Neena Tyagi.

The funds generated from the fresh issue will be utilized to repay debt, invest in the expansion of hospitals, and support inorganic growth initiatives.

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