Yatharth Hospital & Trauma Care Services is among the top 10 largest private hospitals in the National Capital Region of Delhi in terms of the number of beds. The company operates three super specialty hospitals in Delhi NCR, i.e., at Noida, Greater Noida, and Noida Extension, Uttar Pradesh, they are NABH certified. As of 31 March 2023, Yatharth Hospital’s total bed capacity stood at 1,405 beds, and 609 doctors, and it offered healthcare services across several specialties and super specialties. For better and more focussed patient care, it has carved out the following super specialty as Centres of Excellence (COE):
Centre of Medicine
Centre of General Surgery
Centre of Gastroenterology
Centre of Cardiology
Centre of Nephrology & Urology
Centre of Pulmonology
Centre of Neurosciences
Centre of Paediatrics
Centre of Gynaecology
Centre of Orthopaedics & Spine & Rheumatology
Establishing COEs involves equipping these specialties with (i) advanced medical infrastructure; (ii) trained and experienced doctors, nursing, paramedical and other staff; and (iii) resources to provide a better healthcare experience to the patient and attendants.
The Objective of the Issue
Repayment/ prepayment, in full or part, of certain borrowings availed by the Company.
Repayment/ prepayment, in full or part, of certain borrowings availed by the Subsidiaries, namely, AKS Medical & Research Centre Private Limited and Ramraja Multispeciality Hospital & Trauma Centre Private Limited.
Funding capital expenditure expenses of the Company for two hospitals, namely, Noida Hospital and Greater Noida Hospital.
Funding capital expenditure expenses of the Subsidiaries, AKS, and Ramraja, for respective hospitals operated by them.
Funding inorganic growth initiatives through acquisitions and other strategic initiatives.
General corporate purposes.
IPO Timetable
IPO Opening date
26 July 2023
IPO Closing
28 July 2023
Basis of Allotment
02 August 2023
Initiation Refund
03 August 2023
Credit to Demat Account
04 August 2023
Listing Date
07 August 2023
IPO details
Issue type
Book Built Issue IPO
IPO issue size
₹ 676.72 – ₹ 686.55 Crore
Fresh Issue
₹ 490 crore
Offer for sale
₹186.72 – ₹196.55 crore-65,51,690 shares
Face value
₹10 per share
PriceBand
₹285 to ₹300 per share
Lot size
50 Shares
Retail Allocation
35%
Listing Exchange
BSE & NSE
IPO Lot Size
Retail (Min)
1
50
₹15,000
Retail (Max)
13
650
₹195,000
S-HNI (Min)
14
700
₹210,000
S-HNI (Max)
66
3,300
₹990,000
B-HNI (Min)
67
3,350
₹1,005,000
Reservation Details
QIB Shares Offered
50%
NII (HNI) Shares Offered
15%
Retail Shares Offered
35%
Financial Performance
FY 2021
FY 2022
FY 2023
Revenue
228.68
400.94
520.29
Expenses
201.07
339.48
435.42
Net income
19.59
44.16
65.77
Margin (%)
8.57
11.01
12.64
(Amount in ₹ Crores)
Valuations & Margins
FY 2021
FY 2022
FY 2023
EPS
2.77
6.78
10.09
PE ratio
–
–
28.25 – 29.73
RONW (%)
25.06
37.78
35.95
NAV
11.06
17.84
27.93
ROCE (%)
18.43
22.93
26.10
EBITDA (%)
29.30
27.64
25.71
Debt/Equity
2.31
2.21
1.44
Yatharth Hospital IPO Peer Comparison
Company Name
EPS Basic(₹)
EPS Diluted(₹)
NAV (per share) (₹)
P/E (x)
RoNW (%)
Yatharth Hospital and Trauma Care Services Limited
10.09
10.09
27.93
–
35.95
Apollo Hospitals Enterprise Limited
56.97
56.97
431.02
89.44
13.22
Fortis Healthcare Limited
7.80
7.80
95.93
40.36
8.13
Narayana Hrudalaya Limited
29.85
29.85
104.30
33.29
28.44
Max Healthcare Institute Limited
11.38
11.36
76.32
52.66
14.89
Krishna Institute of Medical Sciences Limited
42.03
42.03
208.62
42.44
20.14
Healthcare Global Enterprises Limited
2.11
2.10
61.86
151.02
3.41
Global Health Limited
12.58
12.57
90.54
52.44
13.43
Company Promoters
Ajay Kumar Tyagi
Kapil Kumar
Promoter Holding
Pre Issue Share Holding
–
Post Issue Share Holding
–
Lead Manager(s)
Intensive Fiscal Services Private Limited
Ambit Private Limited
IIFL Securities Ltd
IPO Registrar
LINK INTIME INDIA PRIVATE LIMITED C-101, 1st Floor, 247 Park L.B.S. Marg, Vikhroli West Mumbai – 400 083, Maharashtra Phone: +91 22 4918 6200 Email: yatharth.ipo@linkintime.co.in Website: www.linkintime.co.in
Yatharth Hospital IPO allotment will be available on Link Intime’s website. Click on this linkto get allotment status.
Final thoughts
Yatharth Hospital IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
