According to market sources, the grey market premium (GMP) of Yatharth Hospital was Rs 55. Ahead of the IPO opening, the company raised nearly Rs 206 crore from 18 anchor investors.
Yatharth Hospital said it will utilise fresh issue proceeds for repaying debts, capital expenditure for hospitals, and funding inorganic growth initiatives, besides general corporate purposes.
"On FY23 financials, the IPO is valued at 39.2x P/E, 20.9x EV/EBITDA and 5.4x EV/sales," Reliance Securities said while assigning a subscribe rating. Yatharth Hospital & Trauma Care Services is a private hospital which provides healthcare services and is based in the northern region of India.
Yatharth Hospital IPO opens on July 26. The company raised ₹206 crore from anchor investors. Price band set at ₹285 to ₹300 per share. IPO aims to raise ₹490 crore. IPO closes on July 28.
Yatharth Hospital IPO opens for subscription, with a price band of ₹285 to ₹300 per share. The IPO has raised ₹205.96 crores from anchor investors. The net proceeds will be used to pay off debt, fund capital expenditure, and for inorganic growth initiatives.