December 1st: Yatharth Hospital and Trauma Care Services Limited, a leading provider of healthcare services in North India, made its debut on the Indian stock exchanges in July 2023. The company’s initial public offering (IPO) was well-received by investors, with the issue being oversubscribed by 8.66 times.
The IPO raised ₹687 crore, which the company intends to utilize for expanding its existing facilities, setting up new hospitals, and upgrading its medical equipment. The listing of Yatharth Hospital marked a significant milestone for the company, as it paved the way for future growth and expansion.
Key Highlights of the Yatharth Hospital IPO
Issue Size: ₹687 crore
Price Range: ₹285 to ₹300 per share
Issue Subscription: 8.66 times oversubscribed
Listing Date: August 7, 2023
Listing Price: ₹304 per share
Company Overview
Yatharth Hospital and Trauma Care Services Limited is a multi-specialty healthcare provider with a strong presence in North India. The company operates a network of hospitals and diagnostic centers across various cities in the region. Yatharth Hospital is known for its high-quality healthcare services, experienced medical professionals, and affordable treatment options.
Financial Performance
Yatharth Hospital has exhibited strong financial performance in recent years. The company’s revenue has grown at a CAGR of 15% over the past three years, while its EBITDA has grown at a CAGR of 20% during the same period. The company’s net profit has also grown at a healthy pace, reaching ₹100 crore in FY23.
Future Prospects
The Indian healthcare sector is expected to grow at a CAGR of 12% over the next five years, driven by increasing disposable incomes, rising demand for quality healthcare, and government initiatives to expand healthcare infrastructure. Yatharth Hospital is well-positioned to capitalize on this growth opportunity due to its strong brand, experienced management team, and expanding network of hospitals.
Conclusion
The Yatharth Hospital IPO was a success, reflecting investor confidence in the company’s growth potential. With its strong financial performance, experienced management team, and expanding network of hospitals, Yatharth Hospital is well-positioned to capitalize on the growing Indian healthcare sector.
Additional Insights
The Yatharth Hospital IPO was particularly notable for its strong retail investor participation. This suggests that retail investors are increasingly recognizing the potential of investing in the healthcare sector. The IPO also highlights the growing demand for quality healthcare services in North India.
Overall, the Yatharth Hospital IPO is a positive development for the Indian healthcare sector. It demonstrates the strong investor appetite for healthcare stocks and the growing demand for quality healthcare services in India.
By
Sujata Muguda
Shreyas WebMedia Solutions