Yatharth Hospital & Trauma Care IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Jul 28, 2023Yatharth Hospital & Trauma Care Services is a multi-care hospital chain that was envisioned not just to address the physical needs of patients but also to provide them with a healing atmosphere.
They offer facilities so that the underprivileged can also seek the best care for themselves and their loved ones. The entity is now bringing its IPO. The Yatharth Hospital IPO will comprise a Fresh Issue and an Offer for Sale.
In this Yatharth Hospital IPO Review, we will go through all the aspects of the IPO and its prospects as an investment.
| Face Value | Rs 10 |
| Price Band | Rs 285 to Rs 300 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 50 Shares |
| Listing Date | 7 August 2023 |
| Offer for Sale | Rs.196.55 Crore |
| Fresh Issue | Rs.490.00 Crore |
| IPO Size | Rs.686.55 Crore |
| Tick Size | 1 |
Yatharth Hospital IPO Overview
Yatharth Hospital IPO is a public offering where the company is offering shares via a Fresh Issue of equity shares aggregating up to Rs. 490.00 crore and an Offer for Sale of equity shares aggregating up to 20,21,200 equity shares by some of the company’s promoters.
The IPO will help the company satisfy some of its outstanding debts and expand its operations. Yatharth Hospital might also consider a pre-IPO placement before the filing of RHP.
Yatharth Hospital IPO Important Dates
| Events | Date |
| IPO Opening Date | 26 July 2023 |
| IPO Closing Date | 28 July 2023 |
| Basis of Allotment Finalization | 2 August 2023 |
| Refunds Initiation | 3 August 2023 |
| Credit of Shares to Demat Account | 4 August 2023 |
| Share Listing Date | 7 August 2023 |
Yatharth Hospital filed the Draft Red Herring Prospectus with the capital market regulator SEBI on March 30, 2022, and is now awaiting approval.
The company will provide Yatharth Hospital IPO Dates after receiving the SEBI nod and is ready to set the IPO on the floor. In between the IPO opening and closing date, investors will be able to place their bids for the allotment of shares.
Yatharth Hospital IPO Price, Size, Share Offerings
| Face Value | Rs.10 |
| Price Band | Rs 285 to Rs 300 |
| Offer for Sale | Rs.196.55 Crore |
| Fresh Issue | Rs.490.00 Crore |
| IPO Size | Rs.686.55 Crore |
Yatharth Hospital IPO Size will consist of the equity shares issued by Fresh Issue and Offer for Sale. The Book Building Process will determine the Yatharth Hospital IPO Price. The face value of the shares is Rs. 10 each.
This is the first public offer of the company, and therefore there has been no formal market for the company’s shares. The company and selling shareholders will determine the floor price and price band.
Yatharth Hospital IPO Grey Market Premium
| Date | GMP (Rs.) | Kostak Rate (Rs.) | Subject to Sauda (Rs.) |
| 21 Jul 2023 | Rs 60 | NA | NA |
| 20 Jul 2023 | Rs 60 | NA | NA |
Yatharth Hospital IPO GMP will update after the company declares the IPO opening date. The Grey Market is active before listing the shares on the stock exchange.
Grey Market Premium is the surplus earned on the shares in the grey market. The grey market price fluctuates continuously.
Investors bid in the IPO considering the price of the Grey Market. It holds high value in the main market even though it is unofficial.
Yatharth Hospital IPO Subscription Status
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 26th Jul | 0.26x | 1.84x | 1.33x | 1.14x |
| 2nd Day – 27th Jul | 0.29x | 6.08x | 3.53x | 3.15x |
| 3rd Day – 28th Jul | 86.37x | 38.62x | 8.66x | 37.28x |
| Shares Offered or Net Issue | 4,577,004 | 3,432,754 | 8,009,759 | 22,885,023 |
Yatharth Hospital IPO Subscription is not available right now. The company has filed the preliminary paper, and once the papers are approved, it will proceed further with the launch of the IPO.
An IPO is a means to raise funds from the public, and in return, investors are allotted shares of the company, which bestows voting rights in the General Meeting of the company.
Details of the subscription will be provided soon.
Yatharth Hospital IPO Allotment Status
Yatharth Hospital IPO Allotment basis is not determined up to now. The Yatharth Hospital will determine the basis of allotment after receiving all the bids from the investors.
After that, the shares will be credited to the Demat accounts of the successful bidders.
Yatharth Hospital IPO Live Performance
To check the Yatharth Hospital IPO Performance, you can click here. Yatharth Hospital IPO Price is updated according to the market.
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Yatharth Hospital – Company Review
The cornerstone of ‘Yatharth Hospital & Trauma Care Services Limited’ was set in 2008 in a Private Company.
The company was converted to a public company in November 2021, pursuant to the upcoming IPO. Private companies are prohibited from offering their securities to the general public for subscription.
Therefore, Yatharth Hospital was converted into a public company. Consequently, its name changed from ‘Yatharth Hospital & Trauma Care Services Private Limited’ to ‘Yatharth Hospital & Trauma Care Services Limited.’
Products or Services
Yatharth Hospital & Trauma Care Services Limited is among the top 10 largest private hospitals present in the National Capital Region of Delhi. It is among the top 10 for its bed capacity.
It operates super-speciality hospitals in Noida, Greater Noida, and Noida Extension.
Some of the hospital’s speciality services include the Centre of Medicine, Centre of Cardiology, Centre of Neurosciences, Centre of General Surgery, Centre of Nephrology & Urology, and Centre of Paediatrics, among other specialities.
The hospital not only provides you with the best care for your physical requirements but creates a healthy and patient-friendly environment.
Promoters and Holding
The Promoters of Yatharth Hospital & Trauma Care Services Limited are:
- Ajay Kumar Tyagi
- Kapil Kumar
The company management comprises:
- Ajay Kumar Tyagi in the position of Chairman and Whole-time Director
- Kapil Kumar, in the position of Managing Director
- Yatharth Tyagi in the position of Whole-time Director
- Ila Patnaik in the position of Non-Executive, Independent Director
- Mukesh Sharma, in the position of Non-Executive, Independent Director
- Sanjeev Upadhyaya, in the position of Non-Executive, Independent Director
- Amit Kumar Singh, in the position of Chief Executive Officer
- Deepak Kumar Tyagi in the position of President – Strategy and Finance
- Pankaj Prabhakar, in the position of Chief Financial Officer
- Ritesh Mishra in the position of Company Secretary and Compliance Officer
Is Yatharth Hospital Good for Investment?
Yatharth Hospital & Trauma Care Services Limited is a speciality care hospital chain operating in Delhi and Noida and is now expanding in Madhya Pradesh.
They offer multiple care services under one umbrella. Their facilities are accessible to the not-so-privileged as well.
Four doctors set up the organization to provide facilities to patients where only their physical needs are catered to. Still, even the atmosphere and surroundings have a healing effect on them.
They started Yatharth Hospital & Trauma Care Services Limited fifteen years ago with this vision in mind.
Yatharth Hospital Financial Statements
| Amount (in INR & Million) | ||||
| 30-Sept-21 | 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Assets | 3,312.09 | 3,087.71 | 2,872.00 | 2,565.56 |
| Revenue | 2,118.29 | 2,291.89 | 1,461.78 | 1,020.72 |
| Expense | 1,707.07 | 2,010.66 | 1,486.66 | 970.56 |
| Profit After Tax | 269.77 | 195.88 | (20.53) | 39.77 |
Yatharth Hospital & Trauma Care Services Limited has been in operation for over a decade, proffering treatment for various health issues.
The company has filed the DRHP with SEBI, which consists of its financial statements, another driving factor of an IPO.
The total revenue of Yatharth Hospital for the years 2019, 2020, and 2021 were – 1,020.72 million, 1,461.78 million, and 2,291.89 million, respectively.
The company went through a loss of 24.88 million in 2020 but coped with it soon and made a profit of 281.23 million in the succeeding year.
| Earnings per Equity Share (in Million) | ||||
| 30-Sept-21 | 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Basic & Diluted | 4.12 | 2.77 | (0.20) | 0.63 |
The EPS of the company was negative in 2020 to Rs. (0.20). After that, it grew to Rs. 2.77 in 2021. And as of September 30, 2021, the EPS of Yatharth Hospital was Rs. 4.12.
Yatharth Hospital IPO Review
Yatharth Hospital & Trauma Care Services Limited is engaged in the healthcare sector, an indispensable element of any society. For a better society, access to the right treatments at the right time is very crucial.
The company is providing speciality health treatments with its expanding hospitals. Their bed capacity makes it one of the top 10 in the National Capital Region of Delhi.
In the Yatharth Hospital IPO, three of the shareholders from the Promoter Group will be offering their shares in the OFS. The respective selling shareholders are Vimla Tyagi, Prem Narayan Tyagi, and Neena Tyagi.
So, all in all, it can be a future opportunity for investment as, along with maintaining the foundations of the company, it also focuses on growth and development.
Yatharth Hospital IPO Details
Here are a few more details you need to know before investing in Yatharth Hospital IPO –
Yatharth Hospital IPO Issue Object
The IPO objectives include repayment of outstanding debts and funding the company’s capital expenditure and its subsidiaries. Alongside this, the company will be gearing up some inorganic growth initiatives.
Yatharth Hospital has proposed diverse objectives for making the IPO offer and some of the objectives are:
- Repayment/ prepayment, in full or part, of certain borrowings availed by our Company.
- Repayment/ prepayment, in full or part, of certain borrowings availed by our Subsidiaries, namely, AKS Medical & Research Centre Private Limited (“AKS”) and Ramraja Multispeciality Hospital & Trauma Centre Private Limited (“Ramraja”).
- Funding capital expenditure expenses of our Company for two hospitals, namely, Noida Hospital and Greater Noida Hospital.
- Funding capital expenditure expenses of our Subsidiaries, AKS and Ramraja, for respective hospitals operated by them.
- The funding of inorganic growth initiatives through acquisitions and other strategic initiatives.
- General corporate purposes
Yatharth Hospital IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Among the leading super-speciality hospital in Delhi NCR with diverse speciality and payer mix;
- Advanced and high-end medical equipment and technology;
- Ability to attract quality doctors, nurses, paramedical, and other staff;
- Experienced and qualified professional management team with a strong execution track record; and
- Track record of stable operating and financial performance and growth.
Quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 2.77 | 25.06 | 11.06 |
| 31-Mar-20 | (0.20) | (2.40) | – |
| Mar-19 | 0.63 | 7.15 | – |
Yatharth Hospital IPO Lead Managers
Here is the list of Lead managers –
- Intensive Fiscal Services Private Limited
- Ambit Private Limited
- IIFL Securities Limited
Yatharth Hospital IPO Registrar to offer
Check out the details of the registrar here –
Link Intime India Private Limited
C-101, 1st Floor, 247 Park,
L.B.S. Marg, Vikhroli (West),
Mumbai 400 083 Maharashtra, India
Tel: +91 22 4918 6200
E-mail: yatharth.ipo@linkintime.co.in
Investor grievance e-mail: yatharth.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact person: Shanti Gopalkrishnan
SEBI Registration Number: INR000004058
Yatharth Hospital IPO – Other Details
- Statutory Auditor – R. Nagpal Associates
- Legal Counsel to the Company – J. Sagar Associates
- Bankers to the Company – ICICI Bank Limited, Kotak Mahindra Bank Limited, State Bank of India
Yatharth Hospital IPO – Conclusion
The Yatharth Hospital IPO contains Fresh Issue and Offer for Sale. The company largely operates in Delhi and is now expanding to wider regions. It has a positive EPS currently after the setbacks faced in 2020.
It has growth prospects, and investors might consider joining the journey of this super-speciality hospital in the long run.
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Yatharth Hospital IPO Review FAQs
Check out the FAQs on Yatharth Hospital IPO –
What is the Issue Size of Yatharth Hospital IPO?
The Company is making an initial public offer of 6,551,690 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of the Yatharth Hospital IPO?
The price band for this particular IPO ranges between Rs 285 to Rs 300. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Yatharth Hospital IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on 26 July 2023, while the closing date is set at 28 July 2023.
What is the Yatharth Hospital IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on 2 August 2023, refund initiation is on 3 August 2023, credit of shares is on 4 August 2023, and share listing date is on 7 August 2023.
What is the Yatharth Hospital IPO Listing Date?
Shares of this company shall be listed in the exchanges on 7 August 2023. The date, when the listing would be done, is stagnant on 7 August 2023.
Who is the Registrar of Yatharth Hospital IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Yatharth Hospital IPO?
Here are the promoters of this IPO – AJAY KUMAR TYAGI AND KAPIL KUMAR. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Yatharth Hospital IPO?
They have obtained the GMP of this IPO and it is Rs 60. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Yatharth Hospital IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Yatharth Hospital Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Million is 195.88, 2020 is (20.53), 2019 is 39.77. PAT from Sept 2021 is 269.77.
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