Yatharth Hospital IPO: Allotment of IPO shares of super specialty hospital chain Yatharth Hospital and Trauma Care Services is going to happen tomorrow. The IPO of the company was open from 26 to 28 July. In such a situation, investors have subscribed it 36.15 times. Tomorrow i.e. on August 2, 2023, the allotment of IPO shares will be done. At the same time, the date of listing of shares has been done till 7 August 2023. It is worth noting that the size of this IPO is Rs 686.55 crore.
Good response from investors
Significantly, the IPO of Yatharth Hospital has received a good response from the investors and the issue has been subscribed up to 36.15 times in three days. Out of this, maximum subscription has been done by Qualified Institutional Investor (QIB). QIB has subscribed its portion a total of 85.1 times. On the other hand, High Net Individual has subscribed its share up to 37.22 times. At the same time, retail investors have also invested heavily in the IPO of Yatharth Hospital. 83,10,636 shares were reserved for this category of investors and applications have been received for a total of 6,92,98,400 shares. The total return quota for retail investors has been subscribed 8.34 times. The company had already deposited a total of Rs 206 crore from anchor investors.
What’s up with the gray market?
After getting a good response from the investors to the IPO of Yatharth Hospital, good demand is also being seen in the gray market. This IPO is trading at a premium of Rs 85 in the unlisted market. In such a situation, if seen with the highest level price band of the company, then its listing can be done at Rs 385 per share. In such a situation, investors can get strong benefits along with listing.
What does the company do?
It may be noted that Yatharth Hospital is a multi-specialty hospital located in Noida, Greater Noida and Noiza Extension. Apart from this, the company also has a hospital near Orchha in Madhya Pradesh. The company will use the amount raised through the IPO to repay the loan, capital expenditure and meet general corporate needs. The shares of the company will be listed on BSE and NSE on August 7, 2023.
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