Yatharth Hospital & Trauma Care Service IPO: All you need to know

Last updated:
Yatharth Hospital & Trauma Care Service  IPO

The IPO of Yatharth Hospital & Trauma Care Services Ltd commenced on Wednesday, July 26th, 2023, and concluded on July 28th. IPO price per share is set between ₹285 and ₹300. The IPO is scheduled to be listed on the 7th of August 2023.

Yatharth Hospital IPO grey market premium (GMP) is ₹53. This indicates that Yatharth Hospital shares were trading at a premium of ₹53 in the grey market on Friday, As per tosharebrokers.com.

Yatharth Hospital & Trauma Care Service Limited IPO: About the firm

Yatharth Hospital has established itself as a dominant player in the healthcare sector of Delhi NCR. With a vast network of facilities across the region, including a 450-bed facility in Noida and a new 305-bed hospital in Orchha, Madhya Pradesh, the hospital chain is one of the largest providers of medical services in the region and is officially recognized by the National Accreditation Board for Hospitals & Healthcare Providers (NABH) and some branches by the National Accreditation Board for Testing and Calibration Laboratories (NABL). 

As of December 31, 2022, the hospital had of 370 doctors, including 207 consultants, 110 residents, and 53 visiting doctors, and a total bed capacity of 1405 beds.

Hospital Industry Overview

India's healthcare market is poised to hit a whopping ₹5 trillion by Fiscal 2022, according to a forecast by CRISIL. With a strong emphasis on inpatient services, which is projected to contribute to 70% of the revenues, the private sector is anticipated to bolster government efforts in healthcare this year. A prominent player in the private sector, Yatharth Hospital is set to play a crucial role in this growth story.

Yatharth Hospital & Trauma Care Service Limited: IPO Details

Yatharth Hospital & Trauma Care Service has set the price range for its upcoming initial public offering (IPO) at Rs 285- 300 per share.  The IPO had an exceptional response on the final day, with a subscription of 36.16 times. 

Retail investors subscribed 8.34 times, NIIs 37.22 times, and QIBs 85.10 times. The total bids received were for 59,72,19,650 shares against 1,65,17,823 shares on offer, as per BSE data.

Lot Size:50 Shares
Issue Price₹285 to ₹300 per share
Opening DateJuly 26th, 2023
Closing DateJuly 28th, 2023
Bases of AllotmentAugust 2nd, 2023
Listing DateAugust 7th, 2023

(Source: DRHP)

Yatharth Hospital IPO Reservation

Anchor Investor Shares Offered6,865,506 (30.00%)
QIB Shares Offered4,577,004 (20.00%)
NII (HNI) Shares Offered3,432,754 (15.00%)
Retail Shares Offered8,009,759 (35.00%)
Total Shares Offered22,885,023 (100%)

(Source: DRHP)
Objects of the Issue:

1) Repayment/ prepayment, in full or part, of certain borrowings availed by the Company.

2) Paying off, either in full or partially, some loans taken by the subsidiaries, specifically, AKS Medical & Research Centre Private Limited and Ramraja Multispeciality Hospital & Trauma Centre Private Limited.

3) Funding capital expenditure expenses of our Company for two hospitals, namely, Noida Hospital and Greater Noida Hospital.

4) Funding capital expenditure expenses of our Subsidiaries, AKS and Ramraja, for respective hospitals operated by them. 

5) Funding inorganic growth initiatives through acquisitions and other strategic initiatives.

6) General corporate purposes.

Yatharth Hospitals: Financial Performance

Particulars31st March, 2023(in crores)31st March, 2022( in crores)31st March, 2021( in crores)

The Revenue has increased from Rs 299.8 Crores in March 2022 to Rs 373.1 Crores in March 2023, which has shown an increase of 24.45%.

Similarly, profits have also increased from Rs 239.5 Crores in March 2022 to Rs 287.5 Crores in March 2023, with a significant jump of 20.04%.

In terms of profit, the hospital has experienced a significant growth in total profit, rising from Rs. 42.3 Crores in FY22 to Rs. 64.4 Crores in FY23, with a significant increase of 52.25% over the past year.

Key Performance IndicatorValue
Earnings Per Share (ESP)10.09
Return on Net Worth35.95%

(Source: DRHP)

Yatharth Hospital IPO Peer Comparison:

In a market with formidable players like Apollo Hospitals, Fortis Healthcare, and Max Healthcare Institute, Yatharth stands tall due to its steady growth, cutting-edge medical technology, high-quality personnel, and an experienced leadership team.

Yatharth Hospital IPO Peer ComparisonEPS BasicEPS DilutedNAV (per share) (Rs)P/E (x)RoNW (%)
Yatharth Hospital and Trauma Care Services Limited10.0910.0927.93 35.95
Apollo Hospitals Enterprise Limited56.9756.97431.0289.4413.22
Fortis Healthcare Limited7.87.895.9340.368.13
Narayana Hrudalaya Limited29.8529.85104.333.2928.44
Max Healthcare Institute Limited11.3811.3676.3252.6614.89
Krishna Institute of Medical Sciences Limited42.0342.03208.6242.4420.14
Healthcare Global Enterprises Limited2.112.161.86151.023.41
Global Health Limited12.5812.5790.5452.4413.43

(Source: DRHP)

This is not investment advice. Investments in the securities market are subject to market risk, read all the related documents carefully before investing. Past performance is not indicative of future returns.

  • What is Yatharth Hospital & Trauma Care Services Ltd?

  • When did the Yatharth Hospital IPO commence?

  • What was the IPO price per share for Yatharth Hospital?

  • When is the Yatharth Hospital IPO scheduled to be listed?

  • What is the lot size for the Yatharth Hospital IPO?

  • What are the main objectives of the Yatharth Hospital IPO?

  • When is Yatharth Hospital IPO allotment?