Yatharth Hospital IPO day 1 subscription: Retail and NII portions fully booked

26 Jul 2023 , 03:48 PM

Noida-based Yatharth Hospital & Trauma Centre has opened for subscription today and the public issue has already garnered 82% subscription on day 1 by 3.44 PM. Click here to subscribe the IPO.

On the debut day, retail investors displayed strong interest, buying 1.01 times of the shares reserved for them. Similarly, the portion set aside for high net worth individuals (HNIs) was subscribed at 1.10 times.

Qualified institutional buyers (QIBs) also participated actively, placing bids for 11,68,600 equity shares, which accounts for a portion of the allotted quota of 46.45 lakh equity shares.

The company has allocated 50% of its offer size for qualified institutional buyers, 15% for high net worth individuals, and the remaining 35% for retail investors. The IPO subscription period will end on July 28.

Through the anchor book, which is a part of the qualified institutional buyers’ portion, the hospital chain operator raised Rs 206 crore. Consequently, the offer size has been reduced by Rs 205.96 crore, resulting in the new offer size being Rs 480.59 crore, down from the initial Rs 686.55 crore.

As per the IPO schedule, the basis of allotment for IPO shares will be finalized by August 2. Subsequently, trading in equity shares is expected to commence on August 7.

Yatharth Hospital & Trauma Care Ltd IPO important details:

Open date	26 July 2023
Close date	28 July 2023
Lot size	50 shares
IPO size (Rs crore)	Rs 686.55 crore
IPO price range (Rs)	Rs 285-300 per share
Minimum investment	Rs 15,000
Basis of allotment date	2 August 2023
Refunds date	3 August 2023
Credit to demat account date	4 August 2023
Listing date	7 August 2023