Yatharth Hospital IPO

Yatharth Hospital & Trauma Care Services Limited was ranked among the top ten largest private hospitals in Delhi’s National Capital Region (“Delhi NCR”) by bed count In Fiscal 2021. (According to the CRISIL report) Yatharth Hospital IPO will hit the stock market in August 2022.

About Yatharth Hospital

They run three super specialty hospitals in the Delhi NCR, in Noida, Greater Noida, & Noida Extension. With 450 beds, its Noida Extension hospital is among the largest in the Noida Extension, Uttar Pradesh region. (According to the CRISIL report)

They just purchased a 305-bed multi-specialty hospital in Orchha, Madhya Pradesh, near Jhansi, Uttar Pradesh (“Jhansi-Orchha”), which is one of the region ‘s biggest hospitals (Source: CRISIL Report).

As of the date of this Draft Red Herring Prospectus, their overall bed capacity was expanded to 1,405 beds as a result of this recent acquisition.

In addition, as of January 31, 2022, its critical care programme has 318 critical care beds. The NABH has recognized all of their hospitals in Delhi NCR.

Centres of Excellence

Yatharth Hospital & Trauma Care Services employed 370 doctors as of January 31, 2022, and provided healthcare services in a variety of specialties and super specialties. COEs are created by providing these specialisations with (i) advanced medical infrastructure;

(ii) skilled and experienced doctors, nursing, paramedical, and other staff; and (iii) resources to improve the patient’s and attendant’s healthcare experience. Their top ten revenue-generating specialties are represented by their COEs.

Their COEs are led by a group of domain expert doctors who are ably assisted by other doctors in their efforts to provide better healthcare to their patients.

They also want to add new specialisations to their existing facilities, including radiation therapy and human organ transplant units to their oncology departments.

Journey

They started with a clinic in Noida in 2008, then in November 2010, they opened their first hospital in Greater Noida, Uttar Pradesh. This hospital has since expanded to 400 beds, including 112 critical care beds and nine modular and various operating theatres, making it a superspecialty tertiary care hospital.

Their second hospital, a 250-bed super-specialty tertiary care hospital in Noida, Uttar Pradesh, opened in 2013. Four modular and various operating theatres, and also 81 critical care beds, are available at the Noida hospital.

Their third hospital, in Noida Extension, Uttar Pradesh, is a 450-bed tertiary care facility with 11 modular and various operating theatres. It also contains 125 critical care beds and opened in May of this year (2022).

Yatharth Hospital IPO

Yatharth Hospital & Trauma Care Services Limited, headquartered in Mumbai has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of 610 Crore and 6,551,690 Equity Shares on 30 March 2022.

The offer includes a fresh issue 610 crore and there is offer for sale (OFS) of 6,551,690 Equity Shares by the promoters mentioned in the DRHP. They are also looking for a Pre-IPO placement 122 crore in this issue.

They are now waiting for approval from Securities and Exchange Board of India(SEBI) to float the initial public offering (IPO) in the market.

Financials Trends

Particulars	For the year/period ended ( in Cr.)
	30-Sep-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	331.21	308.77	287.20	256.56
Total Revenue	211.83	229.19	146.18	102.07
Profit After Tax	26.98	19.59	(2.05)	3.98

Basic and Diluted Earnings Per Share

Financial Period	Basic EPS (in INR)	Diluted EPS (in INR)	Weight
Financial Year 2021	2.77	2.77	3
Financial Year 2020	0.20	0.20	2
Financial Year 2019	0.63	0.63	1
Weighted Average	1.42	1.42
30 Sep. 2021	4.12	4.12

Objects of the Issue

• Prepayment / repayment of all or a portion of the outstanding borrowings of the company to be availed on consolidated basis.
• To meet common corporate objectives.

Basis of the offer

They feel that the following qualitative factors & business strengths enable them to compete successfully in the industry, and that these factors will be used to calculate the Offer Price:

• With a wide specialty and payer mix, it is one of the major super-specialty hospitals in Delhi NCR.
• Medical technology and equipment that is cutting-edge.
• Ability to recruit top-notch doctors, nurses, paramedics, and other healthcare professionals.
• Professional management team with extensive experience and a proven track record of success.
• Operating and financial success and growth have been consistent in the past.

Yatharth Hospital Peer Comparison

S. No.	Face Value	Company Name	PE
1	5	Apollo Hospitals Enterprise Limited	448.11
2	10	Fortis Healthcare Limited	N/A
3	10	Narayana Hrudalaya Limited	N/A
4	10	Max Healthcare Institute Limited	N/A
5	10	Krishna Institute of Medical Sciences Limited	49.56
6	10	Global Healthcare Enterprises Limited	N/A

1. All financial data for listed industry peers is on a standalone/consolidated basis and comes from the audited consolidated/standalone financial statements of the respective firms for the year ending March 31, 2021, which can be found on the Stock Exchanges’ websites.
2. The P/E ratio is calculated by dividing the closing market price of equity shares on the BSE on March 15, 2022 by the diluted EPS derived from the peer group company’s annual report for the year ended March 31, 2021.

Yatharth Hospital IPO Details

IPO Opening Date	August 2022
IPO Closing Date	August 2022
Issue Type	Book Building
Face Value	10 per share
IPO Price	0 to 0 per equity share
Market Lot	–
Min Amount	–
Listing At	BSE, NSE
Issue Size	–
Fresh Issue	610 Crore
Offer for Sale	6,551,690 Equity Shares

Yatharth Hospital IPO Date

Yatharth Hospital & Trauma Care Services IPO opening date is August 2022, and the closing date is August 2022. The Yatharth Hospital issue may list in August 2022.

IPO Opening Date	August 2022
IPO Closing Date	August 2022
Basis of Allotment Date	August 2022
Initiation of Refunds	August 2022
Credit of Shares to Demat Account	August 2022
IPO Listing Date	August 2022

Basis of Allotment

Type	% of Offer	Basis of Allotment
Qualified Institutional Buyer	50	Roughly  equivalent
Non Institutional Investor	15	Roughly  equivalent
Retail	35	Minimum 1 lot based on availability

Yatharth Hospital & Trauma Care Services IPO Status

Allotment of equity stocks subject to the Fresh Issue and transfer of the Promoter Selling Shareholders’ OFS Stocks to the winning Bidders subject to the Offer for Sale. Nevertheless, the status of the allotment has yet to be revealed.

Here, you can find the Allotment Status of Yatharth Hospital IPO.

Yatharth Hospital IPO GMP

Yatharth Hospital & Trauma Care Services IPO Grey Market Premium is 0. You can check out GMP of Other IPOs on below Links:

Date	GMP (in Rs)	Subject to Sauda	Kostak (in Rs)
August 2022
August 2022
August 2022
August 2022
August 2022
August 2022
August 2022
August 2022
August 2022
August 2022
August 2022
August 2022

Check Out the GMP of all Other IPOs

IPO Grey Market Premium

Yatharth Hospital & Trauma Care Services IPO Review

Yatharth Hospital & Trauma Care Services IPO review will depend on the price band which will be announced after SEBI approval. Whenever it will be announced we will update you regarding review of Yatharth Hospital IPO is good or bad.

Yatharth Hospital & Trauma Care Services IPO Risk

• They rely heavily on doctors, & other healthcare professionals, and their ability to attract, retain, and develop such personnel will have a considerable impact on their commercial & financial performance.
• As a healthcare provider, the ongoing COVID-19, rigorous limitations to slow its spread, & the subsequent impact, which is unknown, may have a significant and continuing negative impact on their business.
• Their operations are mostly focused in the Delhi NCR area. They likewise rely on a small number of specialties for the majority of their earnings.
• Failure to maintain & build their brand and reputation, as well as any unfavourable exposure and allegations in the media directed at them, may have a material and detrimental impact on market recognition and trust in their services.

Other Threats

1. They might not be able to expand their activities to other areas, which would be detrimental to their business.
2. They may not be able to achieve acceptable returns on their capital investments if they are unable to boost hospital occupancy rates, which could have a major negative impact on their operational efficiencies.
3. Their contracts with some of their doctors are on a consulting basis.
4. They get their materials and equipment from third-party vendors and manufacturers.
5. Other hospitals, pharmacies & other healthcare service providers compete with them.
6. They are now involved in litigation, the outcome of which could have a negative impact on their business.
7. They’ve had net losses in the past & may not be able to break even in the future.

Yatharth Hospital & Trauma Care Services IPO Brokerage views

Once the dates will be announced we will update the views of different brokerage firms regarding this IPO. Here is the views of different stock brokers regarding this Yatharth Hospital IPO:

• Yes Securities : Not Updated
• Choice Brokering: Not Updated
• Axis Securities: Not Updated
• IIFL Securities: Not Updated
• Trade swift: Not Updated
• Anand Rathi : Not Updated
• ICICI Securities: Not Updated

Yatharth Hospital & Trauma Care Services IPO Subscription Status

Date	Day	QIB	NII	Retail	Employees	Total Subscription
August 2022	1
August 2022	2
August 2022	3

Yatharth Hospital & Trauma Care Services Management

They are managed by a family of doctors, Dr. Ajay Kumar Tyagi and Dr. Kapil Kumar, who have a combined expertise of over 16 years in the medical field.

They believe that their success is due to the brand equity that they have built in a relatively short period of time, which has been fueled by their low-cost, high-quality services, as well as the experience of their Promoters as medical professionals.

They’ve built relationships with patients through time and attempted to build a reputation for providing high-quality medical care at affordable pricing.

Their background has given them the ability to command a higher level of patient trust. This method has been shown to be cost-effective and to improve brand recall.

Yatharth Hospital & Trauma Care Services’ Promoters

• Ajay Kumar Tyagi
• Kapil Kumar

Promoter’s Holding

Pre Issue Share Holding	59.81%
Post Issue Share Holding

Yatharth Hospital & Trauma Care Services Limited Prospectus