IPO Details

Bidding Dates

25 Jul '23 - 27 Jul '23

Minimum Investment

₹15,000 / 1 Lots (50 Shares)

Price Range

₹285 - ₹300

Maximum Investment

₹195,000 / 13 Lots (650 Shares)

Retail Discount

Not Applicable

Issue Size

₹610 crore

Investor category and sub category

Qualified Institutional Buyers  |   Non-Institutional Investors  |   Retail Individual Investors  |  

Yatharth Hospital IPO Dates

Important dates with respect to IPO allotment and listing

IPO Open Date

Jul 25, 2023

IPO Closing Date

Jul 27, 2023

Basis of Allotment

Aug 1, 2023

Initiation of Refunds

Aug 2, 2023

Credit of Shares to Demat

Aug 3, 2023

IPO Listing Date

Aug 6, 2023

UPI Mandatory Expiry Date

Jul 27, 2023

Yatharth Hospital IPO Subscription Details

DateQIBNIIRetailTotal

Day 1Jul 25, 2023

 0.26 1.84 1.33 1.14

Day 2Jul 26, 2023

 0.29 6.08 3.53 3.15

Yatharth Hospital IPO Subscription Live Status

Investor Category Subscription (Times)
Qualified Institutions Buyers 0.29
Non-Institutional Buyers 6.08
Retail Investors 3.53
Total 3.15

About Yatharth Hospital and Trauma Care Services Ltd.

Yatharth Hospital and Trauma Care Services Limited is a prominent healthcare provider operating in the National Capital Region of Delhi ("Delhi NCR") and beyond. The company currently operates three super specialty hospitals in Delhi NCR, namely in Noida, Greater Noida, and Noida Extension, Uttar Pradesh.

Recently, Yatharth Hospital expanded its operations with the acquisition of a 305-bedded multi-specialty hospital in Orchha, Madhya Pradesh, near Jhansi, Uttar Pradesh. This hospital, named Jhansi-Orchha, began commercial operations on April 10, 2022, and is now one of the largest hospitals in the Jhansi-Orchha-Gwalior region in terms of bed capacity. With this addition, the total number of beds under Yatharth Hospital's management has increased to an impressive 1,405 beds.

The company places great importance on providing critical care services and, as of March 31, 2023, it offers 394 critical care beds across its hospitals. 

Yatharth Hospital and Trauma Care Services Ltd. IPO Details

Yatharth Hospital IPO is a fresh issue aggregating up to ₹610 crore and has an offer for sale aggregating to 6,551,690 shares of ₹10 each. The price band is set between ₹285 to ₹300 per share. It will list on BSE and NSE. 

Yatharth Hospital IPO Objectives 

The company proposes to use the net proceeds from the issue towards funding:

  • Repayment/ prepayment, in full or part, of certain borrowings availed by the company.

  • Repayment/ prepayment, in full or part, of certain borrowings availed by the subsidiaries, namely, AKS Medical & Research Centre Private Limited and Ramraja Multispeciality Hospital & Trauma Centre Private Limited.

  • Funding capital expenditure expenses of the company for two hospitals, namely, Noida Hospital and Greater Noida Hospital.

  • Funding capital expenditure expenses of the subsidiaries, AKS and Ramraja, for respective hospitals operated by them.

  • Funding inorganic growth initiatives through acquisitions and other strategic initiatives.

  • General corporate purposes.

Peer Details

Fortis Healthcare Limited, Apollo Hospitals Enterprise Limited and Max Healthcare Institute Limited are a few amongst the listed peers operating in the same service line. 

Yatharth Hospital Noteworthy Highlights

  • The eighth and 10th largest private hospital in the National Capital Region of Delhi (“Delhi NCR”), respectively, in terms of the number of beds in Fiscal 2023.

  • The company’s total operational revenue increased from ₹2,286.74 million in fiscal 2021 to ₹4,009.37 million in fiscal 2022 which further increased to ₹5,202.93 million in fiscal 2023 at a CAGR of 50.84%. 

  • Yatharth Hospitals’ non-COVID-19 revenue increased from ₹1,528.23 million in fiscal 2021 to ₹ 3,119.84 million in fiscal 2022 which further increased to ₹5,202.93 million in fiscal 2023 at a CAGR of 84.51%.


Yatharth Hospital Financials

Particulars As of March 31 2023 (Rs. millions) As of March 31 2022 (Rs. millions) As of March 31 2021 (Rs. millions)
Revenue From Operation 5,202.93 4,009.37 2,286.74
EBITDA 1,337.65 1,108.11 670.11
EBITDA Margin 25.71% 27.64% 29.30%
Profit After Tax 657.68 441.62 195.88
ROE 35.95% 37.78% 25.06%

Know before investing

Strengths

3

  1. The company is among the leading super-specialty hospital in Delhi NCR with a diverse specialty and payer mix. They are among the top ten private healthcare providers.

  2. Yatharth hospitals are equipped with machines and devices with sophisticated technology. It has equipped all its hospitals with advanced medical technology and equipment and diagnostic instruments intending to provide its patients with accurate diagnoses and effective treatments.

  3. The company has demonstrated stable operating, financial performance and growth over the past three fiscals. It has recorded an operating margin of 25.71% in Fiscal 2023.

Risks

3

  1. The offer price, market capitalisation to revenue multiple, price to earnings ratio and EBITDA based on the offer price of the company, may not be indicative of the market price of the company on listing or thereafter.

  2. Yatharth Hospitals operate in an industry with high fixed costs, and its fixed costs have had and will continue to have, an adverse impact on the company’s results of operations and profitability.

  3. The company relies on financing from banks or financial institutions to carry on its business operations, and the inability to obtain additional financing on terms favourable to Yatharth Hospitals or at all can have an adverse impact on its financial condition.

  • How to Apply in IPO
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Yatharth Hospital Peer Comparison

Key Financials EBITDA (in million Rs) 2 Year CAGR (2019-2021) Profit After Tax (PAT)
AHEL 6087 -25% 1368
FHL 4707 -18% -562
HGEL 1430 16% -2211
MHIL 6360 74% -950
NHL 1971 -20% -207
KIMS 3803 50% 2055
BSL 358 -3% -188
GHL 2224 8% 132
JHL -25 NA 1224
KHL 800 35% 233
YHTC 675 85% 196

Yatharth Hospital IPO FAQs

What is Yatharth Hospital IPO?

The Yatharth Hospital and Trauma Care Services Ltd IPO contains a fresh issue worth ₹610 crore, and an offer for sale of 6,551,690 shares.

When will Yatharth Hospital IPO allotment will be available?

Wednesday, 2 August 2023

When will Yatharth Hospital IPO open for subscription?

 Wednesday, 26 July 2023

What is the minimum lot size that retail investors can subscribe to?

Retail investors can apply for a minimum of one lot.

When is the Yatharth Hospital IPO listing date?

Monday, 7 August 2023

Which exchanges will Yatharth Hospital list on?

Yatharth Hospital IPO will list on BSE and NSE exchanges.

Can I submit more than one application for the public issue of Yatharth Hospital using one PAN?

 You can submit only one application using your PAN card.

Who is the owner of Yatharth Hospital?

Dr Kapil Tyagi is the founder of Yatharth Hospital and Amit Singh is the current group CEO of the company.

What would be the listing gains on the Yatharth Hospital and Trauma Care Services Limited IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is Monday, 7 August 2023, for Yatharth Hospital and Trauma Care Services Ltd. 

I have finished the application process for the Yatharth Hospital and Trauma Care Services Limited IPO, but the funds still need to be debited. What is the reason?

The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you. 

How do I approve the UPI mandate request for Yatharth Hospital and Trauma Care Services Limited's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.