Yatharth Hospital IPO: Issue subscribed 36% on day 1 so far; check details
Yatharth Hospital IPO opens: GMP, subscription status, should you subscribe or not? The company has fixed the price band at ₹285 to ₹300 per equity share for the proposed initial public offer. Yatharth Hospital IPO raised ₹205.96 crores from 18 anchor investors at the upper price band of ₹300 per equity share on Tuesday, July 25.
SBI Life Insurance Company, Goldman Sachs (Singapore), Kotak Mahindra Life Insurance Company, ICICI Prudential Mutual Fund, Max Life Insurance Company, HDFC MF, and BNP Paribas Arbitrage are a few prominent anchor investors. 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 IPO 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. Yatharth Hospital IPO opens today: GMP, issue details, subscription status, 10 key things to know According to topsharebrokers.com, Yatharth Hospital IPO grey market premium (GMP) today is ₹55.
This indicates that Yatharth Hospital shares were trading at a premium of ₹55 in the grey market on Wednesday. Considering the upper end of the IPO price band and the current premium in the grey
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