February 25, 2024

Yatharth Hospital & Trauma Care Limited raises Rs. 1,200 million via a Pre-IPO Placement

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Yatharth Hospital & Trauma Care Limited, in consultation with the BRLMs, has undertaken a Pre-IPO placement of 4,000,000 equity shares for cash at a price of Rs. 300 per equity share (including a share premium of Rs. 290 per equity share) aggregating to Rs. 1,200 million (“Pre-IPO Placement”) as approved by the Board at its meeting held on July 05, 2023 and by the Shareholders at their extra ordinary general meeting held on July 05, 2023.

The Pre-IPO Placement comprises of 2,000,000 equity shares amounting to Rs. 600 million allotted to Plutus Wealth Management LLP; 1,000,000 equity shares amounting to Rs. 300 million allotted to Think India Opportunities Master Fund LP; 333,333 equity shares amounting to Rs. 100 million allotted to Vikas Vijaykumar Khemani; 433,334 equity shares amounting to Rs. 130 million allotted to Rosy Blue Diamonds Pvt. Ltd. and 233,333 equity shares amounting to Rs. 70 million allotted to Viraj Russell Mehta.

The company has filed DRHP with SEBI for a proposed IPO. The size of the fresh issue of up to Rs. 6,100 million, has been reduced by Rs. 1,200 million pursuant to the Pre-IPO placement, and accordingly, the revised size of the fresh issue is up to Rs. 4,900 million and an Offer for Sale remains up to 6,551,690 equity shares by “Promoter Group Selling Shareholder” (The “Offer for Sale”).

The offer for sale up to 6,551,690 equity shares comprises of up to 3,743,000 equity shares by Vimla Tyagi; up to 2,021,200 equity shares by Prem Narayan Tyagi and up to 787,490 equity shares by Neena Tyagi (“Promoter Group Selling Shareholder”)

Intensive Fiscal Services Private Limited, Ambit Private Limited and IIFL Securities Limited are the Book Running Lead Managers to the Issue.