Yatharth Hospital IPO: From key dates to price band, all you need to know
₹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 intends to use the net proceeds to pay off or advance debt, Fund capital expenditure expenses for the company's two hospitals, Noida Hospital and Greater Noida Hospital, as well as for the hospitals run by the company's subsidiaries AKS and Ramraja. Additionally, fund inorganic growth initiatives through acquisitions and general corporate purposes. Yatharth Hospital has already raised ₹120 crore through a private placement (pre-IPO placement) of 40 lakh equity shares at a price of ₹300 each.
As a result, the fresh issue size was decreased from ₹610 crore to ₹490 crore. RIL-Jio Financial Services Demerger LIVE: RIL share price trades higher at ₹2,607 after JFSL demerger 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. The face value of equity shares is ₹10 each.
The floor price is 28.5 times and the cap price is 30.0 times the face value of the equity shares. The company's price to earnings ratio at the floor price is 28.25 and at cap price is 29.73. Bids can be made for a minimum of 50 equity shares and in multiples of 50 equity shares thereafter.
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