The Yatharth Hospital and Trauma Care Services IPO have garnered strong interest from investors, with the offer already subscribed 3.03 times on the second day of bidding. The IPO, which opened on July 26, will close on July 28, aiming to raise around Rs 687 crore via primary markets.
Investors have shown enthusiasm, with bids pouring in for 5.01 crore equity shares against the IPO size of 1.65 crore shares. High networth individuals (HNIs) and retail investors have subscribed to their quotas 5.85 times and 3.36 times, respectively, while qualified institutional buyers (QIBs) bid for 29% of the reserved shares.
The IPO price band is set at Rs 285 to Rs 300 per equity share. The company plans to issue fresh shares worth Rs 490 crore and the promoters Vimla, Prem Narayan, and Neena Tyagi will sell 65.51 lakh equity shares.
Yatharth Hospital's objective is to use the net proceeds to pay off debt, fund capital expenditure for its hospitals, and support growth initiatives through acquisitions.
The IPO reservation includes 50% for QIBs, 15% for HNIs, and 35% for retail investors.
The allotment and listing are scheduled for August 2 and August 7, respectively.
Brokerage firms have mostly given positive recommendations for the IPO. While some express concerns about high fixed costs and debt-heavy operational expenses, others highlight the company's expansion plans and growth potential in northern India.
As with any investment decision, it is essential to consult certified experts before making choices. Keep close eye on IPO's progress, and make an informed decision on the last day!
Disclaimer: This article provides information about Yatharth Hospital IPO. Investors are advised to seek advice from certified experts before investing.