Yatharth Hospital & Trauma Care Services Ltd has filed preliminary papers with SEBI for an IPO that will include sale of fresh equity shares worth ₹ 610 crore. The company may also consider a pre-IPO placement aggregating up to ₹ 122 crore. Yatharth operates and manages private hospitals in the Delhi-NCR region. The IPO consists of a fresh issue of equity shares aggregating up to ₹ 610 crore and an Offer For Sale (OFS) offer for sale of up to 65.51 lakh equity shares by the company’s promoter group entities and promoters.
As many as 37.43 lakh equity shares would be sold by Vimla Tyagi, 20.21 lakh equity shares by Prem Narayan Tyagi and 7.87 lakh equity shares by Neena Tyagi. The firm intends to utilise the net proceeds for repayment or prepayment in full or part of certain borrowings availed by the company and its subsidiaries, and for funding capital expenditure expenses, among others.
The proceeds will also be used for funding inorganic growth initiatives through acquisition and other strategic initiatives, and for general corporate purposes.
The company operates three super specialty hospitals in Delhi-NCR and recently, it expanded to Madhya Pradesh.
Intensive Fiscal Services Pvt Ltd, Ambit Pvt Ltd and IIFL Securities Ltd are the book-running lead managers for the IPO.
Yatharth Super Speciality Hospital Greater Noida and Noida have also been accredited by National Accreditation Board for Hospitals and Healthcare Providers for its processes and high quality patient care.
Yatharth hospitals are equipped with machines and devices with sophisticated technology. Yatharth hospitals are designed to assist our practitioners in providing timely, efficient and quality healthcare. All our hospitals in the Delhi NCR region are accredited by the NABH. In addition, we also equip our hospitals with advanced medical technology and equipment and diagnostic instruments with the aim of providing our patients with accurate diagnoses and effective treatments. We continuously strive to introduce cutting-edge medical technology and state-of-the-art equipment and facilities across each aspect of our healthcare services, from out-patient to in-patient.
Source: Business standard
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