Yatharth Hospital & Trauma Care Services Limited (“YHTCSL” or “The Company”), which is amongst the top 10 largest private hospitals (in Fiscal 2021) in the National Capital Region of Delhi (“Delhi NCR) in terms of number of beds (Source: CRISIL Report), has filed its Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”).
The Company plans to raise funds through offer of equity shares of face value of Rs. 10 each. The offer consist of fresh issue aggregating up to Rs. 6,100 million (The “Fresh Issue”) and an Offer for Sale aggregating up to 6,551,690 equity shares by “Promoter Group Selling Shareholder” (The “Offer for Sale”).
The Company proposes to utilize the net proceeds from the fresh issue towards (i) repayment / prepayment of full / part of total borrowing availed by the company and its subsidiary; (ii) Funding capital expenditure requirement of the company and its subsidiary and funding inorganic growth; (iii) other strategic initiatives and balance amount towards general corporate purposes.
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.
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