Yatharth Hospital & Trauma Care Services IPO
Yatharth Hospital & Trauma Care Services IPO — date, price band, lot size & details 2023
Yatharth Hospital & Trauma Care Services listed on 7 Aug 2023 at ₹306.1, 2% above the ₹300 issue price.
Yatharth Hospital & Trauma Care Services runs super specialty hospitals in Delhi NCR and a hospital in Orchha, Madhya Pradesh, with total bed capacity of 1,405. Its total income was Rs 523.10 crore in FY2023.
Stock price
Yatharth Hospital & Trauma Care Services is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 26 Jul 2023
- Close 28 Jul 2023
- Allotment 02 Aug 2023
- Refund/credit 03 Aug 2023
- Listing 07 Aug 2023
Issue summary
The terms of the offer, as filed.
| IPO Dates | 26 to 28 Jul, 2023 |
|---|---|
| Price Band | ₹285 – ₹300 |
| Face Value | ₹10 |
| Lot Size | 50 Shares |
| Issue Size | ₹686.55 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 15,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 50 shares at the ₹300 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 50 | ₹15,000 |
| Retail (max) | 13 | 650 | ₹1,95,000 |
| S-HNI (min) | 14 | 700 | ₹2,10,000 |
| S-HNI (max) | 66 | 3,300 | ₹9,90,000 |
| B-HNI (min) | 67 | 3,350 | ₹10,05,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 229.19 crore in FY2021 to Rs 523.10 crore in FY2023.
- 02Profit after tax rose from Rs 19.59 crore in FY2021 to Rs 65.77 crore in FY2023.
- 03Rs 490.00 crore of the issue was fresh capital, much of it for repaying debt.
- 04It had total bed capacity of 1,405 across 4 hospitals.
- 05The source puts return on net worth at 35.95% and the PAT margin at 12.64%.
Risks · 5
- 01Total borrowing was Rs 263.78 crore on 31 March 2023, above net worth of Rs 182.96 crore.
- 02The pre-issue P/E was 31.71 at the upper band of Rs 300, based on EPS of Rs 9.46.
- 03Three of its 4 hospitals are in one region, Delhi NCR, so local competition matters.
- 04COVID-19 patients made up a large share of beds in Fiscal 2021 and 2022, so earlier growth may not repeat. Debt to equity was 1.44 as per the source.
- 05Promoters and the promoter group held 91.34% before the issue and about 66.33% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Yatharth Hospital & Trauma Care Services offer document.
| Metric | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 485.97 | 426.02 | 308.77 |
| Total Income | 523.10 | 402.59 | 229.19 |
| Profit After Tax | 65.77 | 44.16 | 19.59 |
| NET Worth | 182.96 | 116.89 | 72.46 |
| Total Borrowing | 263.78 | 258.19 | 186.11 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Yatharth Hospital & Trauma Care Services RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Yatharth Hospital & Trauma Care Services IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹9.46 | ₹7.66 |
| P/E Ratio (x) | 31.71 | 39.16 |
| Market Cap at Offer Price (₹ Cr) | ₹2,085.73 | ₹2,575.85 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹300 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹569.71 Cr of the issue is earmarked to named objects.
Yatharth Hospital & Trauma Care Services IPO Anchor Investors
18 anchor investors across 13 fund houses committed ₹205.92 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
As per CRISIL, its Noida Extension and Greater Noida hospitals were the eighth and 10th largest private hospitals in Delhi NCR by beds in Fiscal 2023. It also acquired a 305-bed multi-speciality hospital in Orchha, Madhya Pradesh, near Jhansi, which began operations on 10 April 2022.
As of the prospectus date its total bed capacity was 1,405 beds, including the Orchha hospital run by its subsidiary Ramraja.
The IPO was Rs 686.55 crore, with Rs 490.00 crore of fresh issue and Rs 196.55 crore of offer for sale by three promoter group members. Rs 245.00 crore was planned for repaying borrowings of the company and its subsidiaries, and Rs 65.00 crore for acquisitions.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Yatharth Hospital & Trauma Care Services IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Ambit Capital
17 issues handledBest listing: Chemcon Speciality Chemicals (+115.0%). Weakest: Metro Brands (-12.6%).
IIFL Capital Services Limited
146 issues handledBest listing: Unicommerce eSolutions (+117.6%). Weakest: ICICI Securities (-16.3%).
Intensive Fiscal Services Pvt. Ltd
13 issues handledBest listing: Chemcon Speciality Chemicals (+115.0%). Weakest: Gopal Snacks (-12.5%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Yatharth Hospital & Trauma Care Services?
The current Grey Market Premium is ₹75, or 25% over the issue price.
What is the Yatharth Hospital & Trauma Care Services IPO price band?
₹285 to ₹300, on a face value of ₹10.
When is the allotment?
The basis of allotment is 2 August 2023, with listing on 7 August 2023.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
