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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
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
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%) |
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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