Yatharth Hospital IPO: Issue subscribed 1.08 times on day 1; check details

Yatharth Hospital IPO was subscribed 1.08 times on Day 1, with positive response from retail investors and non-institutional investors.

Dhanya Nagasundaram
Published26 Jul 2023, 12:41 PM IST
Yatharth Hospital IPO opens for subscription on Wednesday, 26 July, and close on Friday, 28 July.
Yatharth Hospital IPO opens for subscription on Wednesday, 26 July, and close on Friday, 28 July.

Yatharth Hospital Subscription Status: Yatharth Hospital IPO was subscribed 1.08 times on Day 1. Yatharth Hospital IPO opens for subscription on Wednesday, 26 July, and close on Friday, 28 July.

Yatharth Hospital IPO saw overall positive response from Non Institutional Investors(NIIS) and retail investors followed by Qualified Institutional Buyers (QIBs) on day 1.

Yatharth Hospital IPO's retail investors portion was subscribed 1.25 times, and NIIs portion was subscribed 1.77 times, QIBs was subscribed 26%.

The Yatharth Hospital IPO has received bids for 1,78,44,450 shares against 1,65,17,823 shares on offer, according to data from the BSE.

Yatharth Hospital IPO: Issue subscribed over 3 times on day 2 ; check detail

The retail investors' portion received bids for 1,03,62,900 shares against 83,10,636 shares on offer for this segment.

The non-institutional investors' portion received bids for 62,94,900 shares against 35,61,701 on offer for this segment.

The QIBs portion received bids for 11,86,650 shares against 35,61,701 on offer for this segment.

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 market, the estimated listing price of Yatharth Hospital share is 355 apiece, which is 18.33% higher than the IPO price of 300.

Yatharth Hospital IPO: What GMP signals as subscription opens tomorrow

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First Published:26 Jul 2023, 12:41 PM IST
HomeMarketsIPOYatharth Hospital IPO: Issue subscribed 1.08 times on day 1; check details

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