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Yatharth Hospital & Trauma Care Services is a private hospital that provides healthcare services and is based in the northern region of India. It has four operational hospitals and 1,405 beds and as of March 23, with 609 doctors engaged on its panel for servicing the patients.
According to market sources, the grey market premium (GMP) of Yatharth Hospital was Rs 55. Ahead of the IPO opening, the company raised nearly Rs 206 crore from 18 anchor investors.
"On FY23 financials, the IPO is valued at 39.2x P/E, 20.9x EV/EBITDA and 5.4x EV/sales," Reliance Securities said while assigning a 'subscribe' rating. Yatharth Hospital & Trauma Care Services is a private hospital which provides healthcare services and is based in the northern region of India.
Ahead of the IPO opening, the company raised nearly Rs 206 crore from 18 anchor investors. The issue has received a thumbs-up from analysts, with most recommending a "subscribe" given strong financials and growth potential in Northern India.
Yatharth Hospital’s IPO is being offered in the Rs 285-300 price band, with a lot size of 50 equity shares. The issue will conclude on July 28.