Yatharth Hospital & Trauma Care Services Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹300
Per ShareLot Size
50 Shares
Minimum Investment
₹15,000
Issue Size
₹672.72 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
Yatharth Hospital & Trauma Care Services Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
56.37%
Issue Type
Book Building
ISIN
INE0JO301016
About the Company
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.
Industry Overview
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).
Company History
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.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of 22,885,023^ equity shares of face value of Rs. 10 each ("Equity Shares") of Yatharth Hospital & Trauma Care Services Limited (the "Company" or the "Issuer") for cash at a price of Rs. 300 per equity share (including a share premium of Rs. 290 per equity share) ("Offer Price") aggregating to Rs. 686.55^ crores (the "Offer") comprising a fresh issue of 16,333,333^ equity shares aggregating to Rs. 490.00* crores by the company (the "Fresh Issue") and an offer for sale of 6,551,690^ equity shares aggregating up to Rs. 196.55^ crores by the selling shareholders (the "Offer for Sale") comprising 3,743,000^ equity shares aggregating to Rs. 112.29^ crores by Vimla Tyagi, 2,021,200^ equity shares aggregating to Rs. 60.64^ crores by Prem Narayan Tyagi and 787,490^ equity shares aggregating to Rs. 23.63^ crores by Neena Tyagi (collectively "Promoter Group Selling Shareholders" and such equity shares, the "Offered Shares"). The offer shall constitute 26.66^% of the post-offer paid-up equity share capital of the company. The face value of equity shares is Rs. 10 each. The offer price is 30 times the face value of the equity shares. *The company has undertaken a pre-ipo placement by way of private placement of 4,000,000 equity shares for cash at a price of Rs. 300 per equity share aggregating to Rs. 120.00 crores, in consultation with the brlms, pursuant to the resolution of the board dated july 6, 2023. the size of the fresh issue of Rs. 610.00 crores has been reduced by Rs. 120.00 crores pursuant to the pre-ipo placement, and accordingly, the fresh issue size is Rs. 490.00 crores. ^Subject to finalisation of basis of allotment.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.