IPO Corner: Yatharth Hospital & Trauma Care Services Ltd.

Yatharth Hospital & Trauma Care Services Limited proposes to open its initial public offering of equity shares of face value ₹ 10 each on Wednesday, July 26, 2023. The initial public offering comprises of a fresh issue of Equity Shares aggregating up to ₹ 4,900 million and an offer for sale up to 6,551,690 Equity Shares by selling shareholders. The Anchor Investor Bidding Date shall be Tuesday, July 25, 2023.  The Offer will open on Wednesday, July 26, 2023 for subscription and will close on Friday, July 28, 2023.

• Bid/ Offer opens: Wednesday, July 26, 2023
• Offer Closes: Friday, July 28, 2023
• Anchor Investor Bidding: Tuesday, July 25, 2023;
• Price Band: ₹ 285 to ₹ 300 per Equity Share
• Bids: Minimum of 50 Equity Shares and in multiples

The Price Band of the Offer has been fixed at ₹ 285 to ₹ 300 per Equity Share. Bids can be made for a minimum of 50 Equity Shares and in multiples of 50 Equity Shares thereafter.

The Company proposes to utilized fund raised through net proceeds of the Fresh Issue towards funding – (i) Repayment/ prepayment, in full or part, of certain borrowings availed by the Company up to ₹ 1,000 million; (ii)  Repayment/ prepayment, in full or part, of certain borrowings availed by the Company’s subsidiaries, namely, AKS Medical & Research Centre Private Limited and Ramraja Multispeciality Hospital & Trauma Centre Private Limited up to ₹ 1,450 million; (iii) Funding capital expenditure expenses of the Company for two hospitals, namely, Noida Hospital and Greater Noida Hospital up to ₹ 256.44 million ; (iv) Funding capital expenditure expenses of the Company’s subsidiaries, AKS and Ramraja, for respective hospital operated by them up to ₹ 1,069.66 million; (v) Funding inorganic growth initiatives through acquisitions and other strategic initiatives up to ₹ 650 million; and (vi) Balance amount towards general corporate purposes.

The Offer for Sale comprises of up to 3,743,000 Equity Shares of Vimla Tyagi, up to 2,021,200 Equity Shares of Prem Narayan Tyagi and up to 787,490 Equity Shares of Neena Tyagi.

The Equity Shares are being offered through the red herring prospectus of the Company dated July 18, 2023 filed with Registrar of Companies, National Capital Territory of Delhi and Haryana and are proposed to be listed on recognized stock exchanges being BSE Limited and the National Stock Exchange of India Limited. For the purposes of the Offer, BSE is the Designated Stock Exchange.