August 7, 2023
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Yatharth Hospital IPO GMP, Details to watch, Guidance & Subscription status @ Chanakyanipothi.com, India`s Oldest & most Trusted Investment Blog. Operational since 8th December 1999, this is the Only Investment Platform in India, which has successfully completed 23 Years.
Yatharth Hospital Listing Review:
The scrip listed at Rs 306 as compared to the grey market expectation of Rs. 375 and the issue price of Rs. 300. Such listing is disappointment to the investors.
Yatharth Hospital IPO Guidance:
Due to upswing in the medical tourism and popularity of health insurance, group insurance, the business of hospitals has grown a fast rate. The company has strong profits, and the shares are offered at reasonable valuations.
You may check Grey Market fancy before making decision.
Yatharth Hospital IPO GMP
For latest updates of GMP, click
Yatharth Hospital IPO Subscription Status
On 28 July 2023 @ 5.00 (Day 3) (Closed)
Review: Good flow of applications in QIB and HNIs. GMP is believed to sustain.
QIB: 4645486 Shares 85.10 T
NII(10L+): 2374467 Shares 40.25 T
NII (<10L) 1187234 Shares 31.17 T
NII (Total) 3561701 Shares 37.22 T
RII: 8310636 Shares 08.34 T
Total: 16517823 Shares 36.15 T
Who are the promoters of Yatharth Hospital IPO?
AJAY KUMAR TYAGI AND KAPIL KUMAR
What is the business of Yatharth Hospital?
Yatharth Hospitals i.e., Noida Extension Hospital and Greater Noida) are the eighth and 10th largest private hospital in the National Capital Region of Delhi (“Delhi NCR”), respectively, in terms of number of beds in Fiscal 2023. As of the date of RHP, the company operates three super specialty hospitals
located in Delhi NCR, i.e., at Noida, Greater Noida and Noida Extension, Uttar Pradesh. Further, it acquired a 305-bedded multi-speciality hospital in Orchha, Madhya Pradesh near Jhansi, Uttar Pradesh (“Jhansi-Orchha”) which commenced commercial operations in from April 10, 2022, and is one of the largest hospital in Jhansi Orchha-Gwalior region in terms of number of beds.
With this acquisition, the total bed capacity has increased to 1,405 beds. In addition, its critical care program comprises 394 critical care beds, as of March 31 2023. Further, its Noida Extension hospital with 450 beds is one of the largest hospitals in the Noida Extension, Uttar Pradesh region. It believes in providing quality care treatment to the patients and the services at its hospitals located in Noida, Greater Noida and Noida Extension, all located in Uttar Pradesh have been rated “5 Star” by Infomerics Analytics andResearch Private Limited in 2022.
As of March 31, 2023, it engaged 609 doctors and offer healthcare services across several specialties and super specialties.
For more information, click www.yatharthhospitals.com
What are the objects of Yatharth Hospital IPO?
The Offer comprises an Offer for Sale and the Fresh Issue.
The Company proposes to utilise the Net Proceeds towards the following objects:
1. Repayment/ prepayment, in full or part, of certain borrowings availed by the Company.
2. Repayment/ prepayment, in full or part, of certain borrowings availed by the Subsidiaries, namely, AKS Medical & Research Centre Private Limited and Ramraja Multispeciality Hospital & Trauma Centre Private Limited.
3. Funding capital expenditure expenses of the Company for two hospitals, namely, Noida Hospital and Greater Noida Hospital.
4. Funding capital expenditure expenses of the Subsidiaries, AKS and Ramraja, for respective hospitals operated by them.
5. Funding inorganic growth initiatives through acquisitions and other strategic initiatives.
6. General corporate purposes.
| Yatharth Hospital IPO Details to watch | |
| IPO opens on | 26 July ,2023 |
| IPO closes on | 28 July ,2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 22885023 Sh /Rs 686.55 Cr |
| * Fresh Issue | 16333333 Sh /Rs 490 Cr |
| * Offer for Sale | 6551690 Sh /Rs 196.55 Cr |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. 285-300 |
| Employee discount | Rs. nil per share |
| Retail Lot Size | 50 Shares |
| Listing will at | NSE |
| Shares offered to | Shares | Rs. in Cr. |
| QIB (50 %) | 11442512 | 343.28 |
| NII (15 %) | 3432753 | 102.98 |
| RII (35 %) | 8009758 | 240.29 |
| Employees | ? | ? |
| Total Shares | 22885023 | 686.55 |
| Retail portion will be oversubscribed by | – Forms | |
| How much Shares to Apply? | Rs. | |
| Min Retail Application | 50 Sh | 15000 |
| Max Retail Application | 650 sh | 195000 |
| Small HNI (Min) application | 700 Sh | 210000 |
| Small HNI (Max) application | 3300 sh | 990000 |
| Big HNI Application | 3350 Sh | 1005,000 |
| Yatharth Hospital IPO Tentative timetable | |
| IPO opens on | 26 July, 2023 |
| IPO Closes on | 28 July, 2023 |
| IPO Allotment on | 2 August,2023 |
| Unblocking of ASBA | 3 August, 2023 |
| Credit to Demat Accounts | 4 August, 2023 |
| Listing on | 7 August, 2023 |
| Registered Office of Yatharth Hospital | |
| JA 108 DLF Tower A Jasola District Centre South Delhi, Delhi 110 025 India |
|
| Yatharth Hospital IPO Lead Managers | |
| Intensive Fiscal Services Pvt Ltd Ambit Private Ltd IFL Securities Ltd |
|
| Registrar to Yatharth Hospital IPO | |
| Link Intime India Pvt ltd |
| Yatharth Hospital IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. | Rs. | Rs. | % | |
| 2020-21 | 229 | 19.59 | 2.77 | 25.06 |
| 2021-22 | 523 | 65.77 | 6.78 | 37.78 |
| 2022-23 | 402 | 44.16 | 10.09 | 35.95 |
| Book Value of the Share on | 31.03.2023 | Rs.27.93 | ||
| Book Value of the Share | after the IPO | Rs.? | ||
| Offer Price | Rs. 300 | |||
| Ratio Analysis | |
| Upper Price Band/last EPS | 30 |
| Upper offer price/BV Ratio | 10.74 |
| Upper offer price/BV after IPO Ratio | ? |
| Yatharth Hospital IPO Peer Comparison: | |||
| As on date of RHP | Total | Face | PE |
| Income | Value | Ratio of | |
| Rs. in Cr. | Rs | ||
| IPO company | 523 | 10 | 30 |
| Apollo Hospitals | 16703 | 5 | 89.44 |
| Fortis Healthcare | 6359 | 10 | 40.36 |
| Narayana Hrudayalaya | 4590 | 10 | 33.29 |
| Max Healthcare | 4701 | 10 | 52.66 |
| Krishna Institute | 2223 | 10 | 42.44 |
| Healthcare Global | 1708 | 10 | 151 |
| Global Health | 2759 | 2 | 52.44 |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
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