Yatharth Hospital share allotment will take place on Wednesday, August 2. The investors who applied for the issue can check the Yatharth Hospital IPO allotment status through the registrar Link Intime India Private Ltd's portal or BSE, and NSE website as well
The Rs 687-crore IPO of the specialty hospital chain had received a strong response from the investors during the three-day bidding. The issue was overall subscribed more than 37.28 times. The IPO price band was fixed at Rs 475-500 apiece, and the issue was open for subscription between July 26-28 with a lot size of 50 shares
Yatharth Hospital IPO bidding was led by qualified institutional bidders (QIBs), whose quota was booked 86.37 times, while the portions for non-institutional bidders (NIIs) and retail investors were booked 38.62 times and 8.66 times, respectively. Investors can find out if and how many shares they have been given through the basis of allotment
Visit the Link Intime India Private Ltd portal and choose the IPO in the dropbox that will only have its name set in, if the allocation is completed. Pick one of all three options to check the status: Application No, Demat Account, or PAN. Choose between ASBA and non-ASBA under application type, and include the information for the mode chosen earlier. Click submit after filling out the captcha to see the status
Visit BSE's official website. In the menu bar, select 'Investors', then go to the 'Investor Services' section and choose 'Status of issue application'. Under 'Issue Type', select 'Equity' and choose the IPO from the drop-down option under 'Issue Name'. Enter PAN or application number, click 'I am not a Robot', and then click on 'Submit'
Visit NSE's official website. Go to the 'invest' section and click on 'check trade/bids'. By selecting the 'Click here to sign up' option on the NSE website, register with PAN. Enter user name, password, and captcha code. Check IPO allotment status on the new page
Last heard, Yatharth Hospital shares were commanding a grey market premium (GMP) of close to Rs 85-90 apiece. The premium has surged from Rs 50 per share on July 26, when the issue was open for subscription. The company is likely to deliver a decent listing pop, as per the current grey market signals. The estimated listing price of Yatharth Hospital is Rs 385 per share, which is 28.33% higher than the IPO price of Rs 300
Bidders who could not get allotment in the IPO may see the initialisation of refunds on Thursday, August 03. Others, who would be allotted shares may see the credit of shares, in the Demat account by Friday, August 04. The listing of the IPO is likely on Monday, August 7, 2023
Majority of the brokerages were positive on the issue and suggested subscribing to the issue. However, select brokerage firms are skeptical over the issue on the back of high fixed cost, debt-heavy operational expenses, dependency on select special facilities, and government deals compressing the margins
Intensive Fiscal Services, Ambit and IIFL Securities are the book running lead managers to the issue, while Link Intime India has been appointed as the registrar to the issue. The stock will be listed on both BSE and National Stock Exchange (NSE)