Yatharth Hospital IPO subscription was overall positive on the final day with overwhelming response from Non Institutional Investors(NIIS) and Qualified Institutional Buyers (QIBs) followed by retail investors.
Yatharth Hospital IPO's retail investors portion was subscribed 5.53 times, and NIIs portion was subscribed 17.96 times, QIBs was subscribed 12.07 times.
Yatharth Hospital IPO has received bids for 16,52,14,000 shares against 1,65,17,823 shares on offer, at 13:00 IST, according to data from the BSE.
The retail investors' portion received bids for 4,59,83,200 shares against 83,10,636 shares on offer for this segment.
The non-institutional investors' portion received bids for 6,31,42,000 shares against 35,61,701 on offer for this segment.
The QIBs portion received bids for 5,60,88,800 shares against 46,45,486 on offer for this segment. Employee portion did not see any subscription on both the days.
The company has fixed the price band at ₹285 to ₹300 per equity share for the proposed initial public offer.
Also Read: Yatharth Hospital IPO: Issue subscribed over 3 times on day 2 ; check detail
Yatharth Hospital IPO raised ₹205.96 crores from 18 anchor investors at the upper price band of ₹300 per equity share on Tuesday, July 25.
SBI Life Insurance Company, Goldman Sachs (Singapore), Kotak Mahindra Life Insurance Company, ICICI Prudential Mutual Fund, Max Life Insurance Company, HDFC MF, and BNP Paribas Arbitrage are a few prominent anchor investors.
Yatharth Hospital IPO consists of a fresh issuance of shares for ₹490 crore and an offer by the promoters Vimla, Prem Narayan, and Neena Tyagi to sell 65.51 lakh equity shares.
Yatharth Hospital intends to use the net proceeds to pay off or advance debt, Fund capital expenditure expenses for the company's two hospitals, Noida Hospital and Greater Noida Hospital, as well as for the hospitals run by the company's subsidiaries AKS and Ramraja. Additionally, fund inorganic growth initiatives through acquisitions and general corporate purposes.
Also Read: Yatharth Hospital IPO: Issue subscribed 1.08 times on day 1; check details
Yatharth Hospital IPO has reserved not more than 50% of the shares in the public issue for Qualified Institutional Buyers (QIB), not less than 15% for Non Institutional Investors (NII), and not less than 35% of the offer is reserved for Retail Investors.
Yatharth Hospital IPO GMP today: According to topsharebrokers.com, Yatharth Hospital IPO grey market premium (GMP) today is ₹53. This indicates that Yatharth Hospital shares were trading at a premium of ₹53 in the grey market on Friday.
Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Yatharth Hospital share is ₹353 apiece, which is 17.67% higher than the IPO price of ₹300.
Also Read: Yatharth Hospital IPO opens: GMP, subscription status, should you subscribe or not?
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