IPO Update: Yatharth Hospital & Trauma Care Service Ltd has filed Draft papers to SEBI for IPO

IPO Update: Yatharth Hospital & Trauma Care Service Ltd has filed Draft papers to SEBI for IPO Yatharth Hospital & Trauma Care Services Ltd has filed preliminary papers with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO) that will entail the sale of new equity shares for Rs 610 crore. In the Delhi-NCR region, the organisation operates and administers private hospitals. The Initial Public Offering (IPO) consists of a fresh issue of equity shares worth up to Rs 610 crore and an Offer For Sale (OFS) offer by the company's proprietors and promoter group companies to sell up to 65.51 lakh equity shares. Vimla Tyagi will sell 37.43 lakh equity shares, Prem Narayan Tyagi will sell 20.21 lakh equity shares, and Neena Tyagi will sell 7.87 lakh equity shares. A pre-IPO placement of up to Rs 122 crore may also be considered by the company. The net proceeds will be used to repay or prepay in full or in part certain borrowings taken out by the company and its subsidiaries, as well as to support capital expenditure expenses, among other things. The funds will be used to fund inorganic growth activities such as acquisitions and other strategic initiatives, as well as for general business objectives. The corporation owns and maintains three super specialty hospitals in Delhi-NCR, as well as a hospital in Madhya Pradesh.

About Yatharth Hospital and Trauma Care Services Pvt. Ltd

Yatharth Hospital & Trauma Care Services Private Limited is a Private incorporated on 28 February 2008. It is classified as Non-govt company and is registered at Registrar of Companies, Delhi. Its authorized share capital is Rs. 200,000,000 and its paid up capital is Rs. 163,792,256. It is involved in Human health activities. The Noida Extension facility and the Jhansi-Orchha Hospital are administered by its subsidiaries AKS and Ramraja, respectively. There are 11 modular and varied operating theatres, as well as 125 critical care beds, within the 450-bed tertiary care hospital in Noida Extension. Jhansi-Orchha Hospital in Jhansi, India, is a 305-bed super-specialty hospital. The hospital in Noida is a super-specialty tertiary care centre with a capacity of 250 beds. Among the facilities are four high-end modular and non-modular surgery theatres, an emergency resuscitation and observation centre, 81 critical care beds, a specialized endoscopic unit, and an advanced dialysis unit. As of January 31, 2019, the Greater Noida facility was a significant super-specialty tertiary care hospital with 400 beds, including 112 critical care beds and nine modular and varied operating theatres.