Yatharth Hospital IPO: Yatharth Hospital and Trauma Care Limited has fixed the price band for its Initial Public Offering (IPO) and it has been fixed at Rs 285 to Rs 300 per share. The company’s IPO will open for subscription to retail investors and non-institutional investors including QIBs next week.
When will the IPO of Yatharth Hospital open?
The company’s IPO will open on July 26 and close on July 28.
Shares will be sold through fresh equity and OFS
Fresh shares worth Rs 490 crore will be issued under the IPO. Apart from this, the promoters and promoters group entities of the company will bring an offer for sale (OFS) of 65.51 lakh equity shares. Its promoters Prem Narayan, Vimala and Nina Tyagi will sell 65.51 lakh equity shares.
Where will the proceeds from the IPO be used?
The company will use the proceeds from the IPO to reduce its debt burden, fund capital expenditure and for general corporate purposes. The amount raised from the IPO will be used for funding the expansion plan.
Anchor investors will get a chance to invest a day before
According to the company’s IPO documents, anchor investors will be able to bid for shares on July 25 and anchor investors will get a chance to invest in it.
How much amount the company is expected to raise
Yatharth Hospital & Trauma Care Services Limited’s IPO is expected to garner Rs 687 crore at the upper end of the price band and Rs 677 crore at the lower end of the price band.
Last year the company got approval to bring IPO
In August last year, the healthcare sector company Yatharth Hospital and Trauma Care Services Limited got the approval of the market regulator SEBI to bring the Initial Public Offer (IPO).
Know about Yatharth Hospital
Yatharth Hospital operates three super specialty hospitals in Delhi-NCR. According to the figures of FY 2021, Yatharth Hospital is one of the 10 largest private hospitals in Delhi and NCR in terms of number of beds. It has also expanded in Madhya Pradesh.
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