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Yatharth Hospital & Trauma Care Services Ltd IPO

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.

Yatharth Hospital & Trauma Care Services Ltd IPO Details

Total Shares Offered

₹ 2,37,44,672

Offer to Public

65,51,690

Retail Max (Shares)

₹ 83,10,635

Pre Issue Promoters Holding

₹ 3,91,86,000

Exchange

BSE

Issue size

₹ 686.55 Cr

IPO Open Date

Jul 26, 2023

Close Date

Jul 28, 2023

Lot Size

Min Investment

₹ 14,250

Issue Type

Book Building

Listing Date

Aug 7, 2023

Yatharth Hospital & Trauma Care Services Ltd IPO Dates

Jul 26, 2023

Opening date

Jul 28, 2023

Closing date

Aug 2, 2023

Basis of Allotment

Aug 3, 2023

Initiation of Refunds

Aug 4, 2023

Credit of Shares

Aug 7, 2023

Listing date

Details

Sector	Type
Sector	Healthcare
Sub Sector	NA
Issue Type	Book Building

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	11872336
NII	0x	3561701
Retail	0x	8310635
Employee	0x	0
Total	0x	23744672

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

11872336

3561701

8310635

23744672

Yatharth Hospital & Trauma Care Services Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	880.49	670.55	520.29
EBITDA	156.75	140.01	110.82
PAT	87.69	83.99	64.17
Total Assets	1,008.11	666.43	159.04
Share Capital	96.35	85.85	65.52
Total Borrowings	528.57	295.57	170.88
Operating Activities (Net Cash)	106.35	97.44	76.82
Investing Activities (Net Cash)	80.66	66.99	46.88
Financing Activities (Net Cash)	528.57	295.57	170.88
Net Cashflow	299.49	227.01	12.74

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).

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 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.

How To Apply for Yatharth Hospital & Trauma Care Services Ltd IPO Online?

Step 1:

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.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Yatharth Hospital & Trauma Care Services Ltd IPO?

Yatharth Hospital & Trauma Care Services Ltd's IPO offers shares for up to 490 It begins on Jul 26, 2023 and ends on Jul 28, 2023.

What is the price of the Yatharth Hospital & Trauma Care Services Ltd IPO?

The price of Yatharth Hospital & Trauma Care Services Ltd IPO ranges between ₹285 to ₹300 per share.

What are the open and close dates for the Yatharth Hospital & Trauma Care Services Ltd IPO?

The Yatharth Hospital & Trauma Care Services Ltd IPO opens on Jul 26, 2023 and closes on Jul 28, 2023.

When will the Yatharth Hospital & Trauma Care Services Ltd IPO be allotted?

The allotment for the Yatharth Hospital & Trauma Care Services Ltd IPO will be finalised on Aug 2, 2023. The shares will be listed on BSE and NSE on Aug 7, 2023.

What is the minimum lot size required for Yatharth Hospital & Trauma Care Services Ltd IPO?

The minimum lot size for Yatharth Hospital & Trauma Care Services Ltd IPO is 50 shares, priced between ₹285 to ₹300 per share.

What is the GMP of Yatharth Hospital & Trauma Care Services Ltd IPO?

The GMP (Grey Market Premium) of Yatharth Hospital & Trauma Care Services Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Yatharth Hospital & Trauma Care Services Ltd IPO?

To check the allotment status of Yatharth Hospital & Trauma Care Services Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Yatharth Hospital & Trauma Care Services Ltd IPO getting listed?

The Yatharth Hospital & Trauma Care Services Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jul 26, 2023, and closes on Jul 28, 2023. The allotment is finalised on Aug 2, 2023.

How do you apply for the Yatharth Hospital & Trauma Care Services Ltd IPO?

To apply for the Yatharth Hospital & Trauma Care Services Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.