26 July 2023
28 July 2023
Rs. 490.00 Cr
₹ 285 to ₹ 300 per share
02 August 2023
07 August 2023
Yatharth Hospital is a multi-core hospital chain. Founded in 2008, it is among the top 10 largest private hospitals in Delhi NCR in terms of bed capacity in FY23, with a total of 1,405 beds. The hospital group operates 3 super specialty hospitals in the region of Noida, Greater Noida, and Noida Extension, Uttar Pradesh.
The company intends to utilize the net proceeds from the issue towards the funding of the following objects: 1. Partial repayment or prepayment of borrowings obtained by the Company. 2. Partial repayment or prepayment of borrowings obtained by the Subsidiaries, specifically AKS Medical & Research Centre Pvt Ltd and Ramraja Multispeciality Hospital & Trauma Centre Pvt Ltd. 3. Financing the capital expenditure for the Company's two hospitals, namely, Noida Hospital and Greater Noida Hospital. 4. Financing the capital expenditure for the respective hospitals operated by the Subsidiaries, AKS and Ramraja. 5. Financing expansion initiatives through acquisitions and other strategic actions. 6. General corporate purposes.
The book-running lead managers to the offer are: Intensive Fiscal Services Pvt Ltd Ambit Pvt Ltd IIFL Securities Ltd