Yatharth Hospital & Trauma Care Services Ltd IPO
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Yatharth Hospital & Trauma Care Services Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 237.45 L | ₹ 65.52 L | ₹ 83.11 L | ₹ 391.86 L | BSE | ₹ 686.55 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 26 Jul, 23 | 28 Jul, 23 | 50 | ₹ 14,250 | Book Building | 07 Aug, 23 |
Yatharth Hospital & Trauma Care Services Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Healthcare |
| Sub Sector | NA |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 11872336 | 0 |
| NII | 0x | 3561701 | 0 |
| Retail | 0x | 8310635 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 23744672 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Yatharth Hospital & Trauma Care Services Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 670.55 | 520.29 | 400.94 |
| EBITDA | 140.01 | 110.82 | 86.65 |
| PAT | 83.99 | 64.17 | 42.09 |
| Total Assets | 666.43 | 159.04 | 112.56 |
| Share Capital | 85.85 | 65.52 | 65.52 |
| Total Borrowings | 295.57 | 170.88 | 136.07 |
| Operating Activities (Net Cash) | 97.44 | 76.82 | 55.26 |
| Investing Activities (Net Cash) | 66.99 | 46.88 | 46.88 |
| Financing Activities (Net Cash) | 295.57 | 170.88 | 136.07 |
| Net Cashflow | 227.01 | 12.74 | 1.83 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Yatharth Hospital & Trauma Care Services Ltd
Yatharth Hospital & Trauma Care Services Limited was incorporated as `Yatharth Hospital & Trauma Care Services Private Limited' in Delhi as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated February 28, 2008, issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana (RoC). Pursuant to a special resolution passed by its Shareholders on November 3, 2021, the Company was converted into a public limited company and consequently, the name of the Company was changed to `Yatharth Hospital & Trauma Care Services Limited' and a fresh certificate of incorporation dated November 18, 2021 was issued by the RoC.
The Delhi-NCR healthcare industry is highly competitive with the presence of large private and government hospitals. The region has a large number of private hospitals (chains and standalone) some of which include Medanta Medicity- Gurugram, Apollo Indraprastha, BLK Max Super Specialty Hospital, Max Super Specialty Hospital Saket, Sir Ganga Ram Hospital, Batra Hospital, Yatharth Super Specialty Hospitals, Fortis Hospitals, Park Hospitals and Manipal Hospital. The large government hospitals include Lok Nayak Jai Prakash Narayan Hospital, Dr. Ram Manohar Lohia Hospital, GB Pant Hospital and AIIMS (All India Institute of Medical Sciences).
The 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 rt). The Hospital operates three super specialty hospitals located in Delhi NCR. Further, it acquired a 305-bedded multi-speciality hospital in Orchha, Madhya Pradesh near Jhansi, Uttar Pradesh which commenced commercial operations in from April 10, 2022, and is one of the largest hospitals in Jhansi-Orchha-Gwalior region in terms of number of beds (Source: CRISIL Report). Its total bed capacity was 1,405 beds which is inclusive of 305 beds of Ramraja Multispeciality Hospital & Trauma Centre Private Limited, its Subsidiary, in Orchha.
Peer Comparison:
- Apollo Hospitals Enterprise Ltd
- Fortis Healthcare Ltd
- Narayana Hrudayalaya Ltd
- Max Healthcare Institute Ltd
- Krishna Institute of Medical Sciences Ltd
- Healthcare Global Enterprises Ltd
- Global Health Ltd
Yatharth Hospital & Trauma Care Services Ltd IPO Key Points
Strengths
- Among the leading super-specialty hospital in Delhi NCR with diverse specialty 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 strong execution track record.
- Track record of stable operating and financial performance and growth.
Risk
- The Hospital is highly dependent on doctors, nurses and other healthcare professionals and its business and financial performance will be impacted significantly if the Hospital unable to attract, retain or train such professionals.
- As a healthcare provider, the ongoing COVID-19 pandemic, stringent restrictions to slow down the Hospital spread and its resulting impact is uncertain, may be significant and continue to have an adverse effect on its business, operations and the Hospital future financial performance.
- The Hospital operations are concentrated in the Delhi NCR region. Its also significantly dependent on certain specialties for a majority of the Hospital revenues. Any impact on the revenues from these hospitals or earnings from its top specialties could materially affect the Hospital business, financial condition, results of operations and cash flows.
Strategy
- Continue to improve its quality of care and operational efficiencies.
- Introduce new specialties at existing hospitals.
- Augment scale through organic and inorganic manner in current markets and expand into adjacent regions.
- Continue to attract, engage and train prominent, skilled doctors and other healthcare professionals.
- Further leverage technology to grow its operations.
- Among the leading super-specialty hospital in Delhi NCR with diverse specialty 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 strong execution track record.
- Track record of stable operating and financial performance and growth.
How To Apply for Yatharth Hospital & Trauma Care Services Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
