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Yatharth Hospital Opens QIP with Floor Price at ₹626.18/Sh

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Synopsis:

Yatharth Hospital Trauma Care Services Ltd opens its QIP, targeting ₹450 crore with an upsize option of ₹700 crore. The floor price is ₹626.18, with shares ending at ₹619.90 on Wednesday.


Yatharth Hospital Trauma Care Services Ltd on Wednesday announced the opening of its Qualified Institutional Placement (QIP). The floor price for the issuance has been set at ₹626.18 per share, with the company planning to issue up to 1.17 crore equity shares. The indicative issue size is pegged at ₹450 crore, with an option to upsize the offering to ₹700 crore.

Also read: IOL Chemicals to Consider Stock Split on December 27

YATHARTH HOSP & TRA C S L

Trade

63218.00 (2.93 %)

Updated - 19 December 2024
635.80day high
DAY HIGH
595.00day low
DAY LOW
887257
VOLUME (BSE)

Key Takeaways:

  • Floor price: ₹626.18 per share.

  • Discount: Indicative issue price set at ₹595, offering a 4.98% discount to the floor price.

  • QIP size: ₹450 crore, with an option to upsize to ₹700 crore.

  • Shares offered: Up to 1.17 crore equity shares.

  • Lock-in period: 45 days for promoters, 90 days for promoter group.

Also read: F.I.L.A. to Sell 4.57% Stake in DOMS via Block Deal at ₹2,755/Sh

Indicative Issue Price and Market Impact

The indicative issue price of ₹595 per share represents a 3.09% discount to the company’s closing price of ₹619.90 on Wednesday. Yatharth Hospital Trauma Care Services Ltd share price rose 2.40% during the day, reflecting investor interest amid the QIP announcement.

Key Information

Details

Floor Price for QIP

₹626.18

Indicative Issue Price

₹595

Discount to Floor Price

4.98%

Indicative QIP Size

₹450 crore

Upsize Option

₹700 crore

Closing Price on BSE

₹619.90 (+2.40%)

Growth Prospects for Yatharth Hospital

Yatharth Hospital aims to achieve occupancy rates of 70-75% in its Noida and Greater Noida hospitals within 2-2.5 years. The Faridabad facility, acquired recently, is expected to turn profitable in the next 15 months. The company’s Average Revenue Per Occupied Bed (ARPOB) has been growing steadily, with a 10% year-on-year increase.

The QIP by Yatharth Hospital Trauma Care Services Ltd marks a significant step in its growth strategy, leveraging strong occupancy and ARPOB trends to boost expansion. The QIP announcement reflects its intent to drive long-term value for stakeholders.

Also read: Zaggle Prepaid Launches QIP at ₹550.73/Share Floor Price

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Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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