Yatharth Hospital and Trauma Care Services Limited – Globe Capital Market LTD.
Yatharth Hospital and Trauma Care Services Limited
Closed
Price Band
₹285 to ₹300 per share
IPO Issue Period
Jul 26, 2023 to Jul 28, 2023
Issue Size
₹686.55 CR
Face value
₹10 per share
Fresh issue
₹490.00 Cr
Offer for sale
6,551,690 shares of ₹10 (aggregating up to ₹[.] Cr
Minimum Shares for Retail
50 Shares
Listing on
NSE, BSE
Issue Type
Book Building
Registrar to the Issue
Link Intime India Private Ltd
Tentative Listing Date
Monday, 7 August 2023
QIB
50%
NII
15%
Retail
35%

Incorporated in 2008, Yatharth Hospital and Trauma Care Services Limited is a multi-care hospital chain. They rank among the top 10 largest private hospitals in the National Capital Region of Delhi.

Yatharth Hospital presently operates three super specialty hospitals situated in Delhi NCR, i.e., at Noida, Greater Noida, and Noida Extension, Uttar Pradesh. Further, Noida Extension Hospital has 450 beds and is one of the largest hospitals around the area.

To extend its operations and services, the company acquired a 305-bedded multi-specialty hospital in Orchha, Madhya Pradesh. This too is among the largest hospital in the locality.

A team of 370 doctors is engaged with the company. They offer healthcare services across numerous specialties and super specialties.

The super specialty or Centres of Excellence (COE) of the hospital includes:

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 and Spine & Rheumatology.

For year/ period ended ( in Cr.)

H1FY23 FY22 FY21
Total Revenue 523.10 402.59 229.19
Profit After Tax 65.77 44.16 19.59
EPS 10.09 6.78 2.77
OPM (%) 25.71% 27.64% 29.30%
PATM(%) 13% 11% 9%

 

  • Among the leading super-specialty hospital in Delhi NCR with diverse specialty and payer mix;
  • Advanced and high-end medical equipment and technology;
  • Ability to attract quality doctors, nurses, paramedical, and other staff;
  • Experienced and qualified professional management team with strong execution track record; and
  • Track record of stable operating and financial performance and growth.
  1. Repayment/ prepayment, in full or part, of certain borrowings availed by the Company.
  2. 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.
  3. Funding capital expenditure expenses of the Company for two hospitals, namely, Noida Hospital and Greater Noida Hospital.
  4. Funding capital expenditure expenses of the Subsidiaries, AKS and Ramraja, for respective hospitals operated by them.
  5. Funding inorganic growth initiatives through acquisitions and other strategic initiatives.
  6. General corporate purposes.
  • At the upper band of offer price, the IPO is valued at 30x. Hence, investors may subscribe it with a long-term perspective.
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