New Delhi: The initial public offer (IPO) of Yatharth Hospitals, which operates and manages private hospitals in the Delhi-NCR region, will open on July 26.
Yatharth Hospitals IPO: 10 key things you need to know
1. Yatharth Hospital & Trauma Care Ltd has set a price band of Rs 285-300 per share for its initial share sale, which will open for public subscription on July 26.
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2. According to the Red Herring Prospectus (RHP), the public issue will close on July 28 and bidding for anchor investors will open on July 25.
3. The IPO comprises fresh issue of equity shares aggregating up to Rs 490 crore and offer for sale (OFS) of 65.51 lakh equity shares by the promoters and promoter group entities of the company.
4. The Company intends to use the net proceeds to repay debt, finance capital expenditure expenditures, finance inorganic growth initiatives through acquisitions and other strategic initiatives, and for general corporate purposes.
5. The issue is expected to fetch Rs 677 crore at the upper end of the price band and Rs 687 crore at the lower end.
6. Half of the issue size has been reserved for qualified institutional investors, 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors.
7. Earlier this month, Yatharth Hospital raised Rs 120 crore from institutional investors.
8. The participants in the IPO round include Wealth Management LLP, Think India Opportunities Master Fund LP and Rosy Blue Diamonds Pvt Ltd.
9. This brought down the size of the fresh issue to Rs.490 crore from Rs.610 crore planned earlier.
10. Intensive Fiscal Services Private Limited, Ambit Private Limited and IIFL Securities Limited are the Book-running Lead Managers for the IPO.