IPO
Yatharth Hospital's Rs.687-Cr IPO subscribed 36x
The INR 687 crore initial public offering (IPO) of Nodia-based Yatharth Hospital was subscribed 36 times. The issue received bids for 59.72 crore shares against the issue size of 1.65 crore shares. The IPO consisted of a fresh share issue of INR 490 crore and an offer-for-sale of INR 197 crore from existing shareholders. The qualified institutional buyers' portion was subscribed 85 times, while the non-institutional investors' (NIIs) segment was subscribed 37 times. The shares reserved for retail individual investors (RIIs) were subscribed 8.34 times. The shares were sold in a price band between INR 285 and INR 300 per share.
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