Share Market News: How Was The First Day for Yatharth Hospitals IPO?

08 Aug, 2023

Yatharth Group of Hospitals, which was listed today, July 8, 2023, did not provide investors with the opportunity to generate big profits on the first day of trading. This stock is listed on the NSE and BSE, and it was listed at a nearly flat level when compared to its issue price.

The Price at which the shares were issued

Its shares were sold to IPO investors for Rs 300 each (Yatharth Hospital Issue Price). Today, it was listed on the BSE-NSE at Rs 304, implying that IPO investors received no big listing gain. Despite the fact that the shares rose after the listing and finished at Rs 333.75 (Yatharth Hospital Share Price) on the BSE at the end of the day, investors who bought in the IPO are profiting 11.25 percent on each share. It had reached Rs 342.70 intraday.

The Rs 676.7 crore IPO of Yatharth Hospital was open for subscription from July 26 to July 28. Investors responded enthusiastically to the issue, which was subscribed to 37.28 times in total. Its reserved share for Qualified Institutional Investors (QIB) was subscribed to 86.37 times, 38.62 times for Non-Institutional Investors (NII), and 8.66 times for Retail Investors.

 

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