Yatharth Hospital and Trauma Care Service Limited, A Delhi-NCR-based super specialty hospital chain, finalized the allotment basis of its shares on Wednesday, August 2, 2023.
The company launched a $82 million initial public offering (IPO) last month, which received a strong response from bidders over the three-day bidding period.
The hospital chain’s IPO was sold in the $5.75 – $6 range between July 26th and July 28th, 2023. The lot size for Yatharth Hospital was 50 shares each. The bidding was arranged based on allotments, with qualified institutional bidders (QIB) booking 86.37 bids, while non-institutional bidders (NII) and retail investors booked 38.62 and 8.66 times, respectively.
Founded and incorporated in 2008, Yatharth Hospital and Trauma Care Service Limited currently operates 4 super-specialty hospitals in three locations across Delhi – Noida, Greater Noida, and Noida Extension. Recently, the company acquired a 305-bed multi-specialty hospital in Madhya Pradesh, India.
When Is The Yatharth Hospital Stock Listing Date?
IPO bidders received their shares on August 4 and they will be listed on the Bombay Stock Exchange (BSE), and National Stock Exchange (NSE) on August 7.
Intensive Fiscal Services, Ambit, and IIFL Securities have signed up as book-running lead managers for the IPO, while Link Intime India has been appointed as the registrar of Yatharth Hospital shares.
How To Check Your Yatharth Hospital IPO Allotment Status?
If you have applied for the Yatharth Hospital IPO, your allotment may have already been finalized, and its status can be checked on the Link Intime, BSE, or NSE websites.
Follow these steps to check the allotment status of your Yatharth Hospital IPO with the registrar:
To check your allotment status on the Bombay Stock Exchange (BSE), follow these steps:
To check the status of your issue allotment on the National Stock Exchange (NSE), follow these steps:
What Is The GMP For Yatharth Hospital IPO?
Grey market premium (GMP) indicates the additional amount that investors are willing to pay over the issue price of a stock.
According to data compiled by Top Sharebrokers, the grey market premium for Yatharth Hospital IPO is +80. Sources say that the issuer commanded a premium of $1.03 – $1.09 per share in the grey market.
Once the share opened for subscription on July 26th, it surged from $0.60 to its current rate of $0.98, indicating that Yatharth Hospital IPO was trading at a high in the GMP.
Considering the premium on Yatharth Hospital IPO in the grey market and the upper price band of the stock, market analysts expect Yatharth Hospital shares to be priced at $4.59 each. This figure is 26.67% higher than the original IPO price of $3.62.
However, in Tuesday’s market session, the GMP of Yatharth Hospital IPO fell, but the share was trading at a high of $4.65.
When Will I See The Credit For My Yatharth Hospital Shares?
Bidders who were allotted shares will see the credit of their issue in the Demat Account on Friday, August 4, 2023. Meanwhile, for those who could not get an allotment in the IPO, the company will initialize refunds starting Thursday, August 3, 2023.
When Will The Ipo Be Listed On The Stock Exchange?
Listing of the Yatharth Hospital IPO on the BSE and NSE exchanges is expected to take place on Monday, August 7, 2023.
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