Public Market

IPO

Yatharth Hospital & Trauma Care files for IPO

Economic Times  

Yatharth Hospital & Trauma Care Services filed for an IPO comprising INR 610 crore fresh issue and an offer for sale (OFS) of 6,551,690 equity shares by promoters. The OFS comprises 37,43,000 equity shares by Vimla Tyagi, 20,21,200 equity shares by Prem Narayan Tyagi and 7,87,490 equity shares by Neena Tyagi. The company may consider a pre-IPO placement aggregating INR 122 crore. The company plans to use the proceeds from the fresh issue to repay debt, and for capital expansion, acquisitions and general corporate purposes. It operates three super specialty hospitals at Noida, Greater Noida and Noida Extension.