IPOs Next Week: Yatharth Hospital IPO to Shri Techtex IPO; five issues open, two listing to keep primary market buzzing
₹285 to ₹300 per equity share for the proposed initial public offer. The anchor investors' auction will begin on Tuesday, July 25. Yatharth Hospital IPO consists of a fresh issuance of shares for ₹490 crore and an offer by the promoters Vimla, Prem Narayan, and Neena Tyagi to sell 65.51 lakh equity shares.
Yatharth Hospital has reserved not more than 50% of the shares in the public issue for Qualified Institutional Buyers (QIB), not less than 15% for Non Institutional Investors (NII), and not less than 35% of the offer is reserved for Retail Investors. Bids can be made for a minimum of 50 equity shares and in multiples of 50 equity shares thereafter. The face value of equity shares is ₹10 each.
The basis of allotment of shares will be finalised on Wednesday, 2 August and the company will initiate refunds on Thursday, 3 August, while the shares will be credited to the demat account of allottees on Friday, 4 August. Yatharth Hospital and Trauma Care Services shares are likely to be listed on BSE and NSE on Monday, 7 August. Yatharth Hospital IPO opens next week.
GMP, price, other details in 10 points The Service Care IPO is a small- and medium-sized enterprise (SME) IPO that consists of a fresh equity issue of up to 30.86 lakh shares for a maximum of ₹20.68 crore. The company set the price band for the offering at ₹63-67 per share. The company plans to use the offering proceeds for general corporate purposes and additional working capital requirements.
Service Care shares will get listed on the NSE SME on Wednesday, 26 July. The Service Care SME IPO share allotment took place on Friday, July 21. Those allotted shares will get them in their Demat accounts on Tuesday, 25 July.
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