Noida-based hospital chain Yatharth Hospital & Trauma Care Services intends to raise Rs 686.55 crore via maiden public issue, at upper end of price band of Rs 285-300 per share.
Netweb Technologies stock settled at Rs 910.40 with a volume of 1.7 crore equity shares on the NSE.
SBFC Finance public issue will close on August 7. The anchor book will open bidding for anchor investors for a day on August 2
Yatharth Hospital IPO | The Noida-based hospital chain is looking to raise Rs 686.55 crore through the IPO, which is a fresh issue of shares worth Rs 490 crore and an offer for sale of Rs 196.55 crore by promoters. The IPO closes July 28
FedFina had filed a draft red herring prospectus (DRHP) with the market regulator last year for an IPO. But the plans were aborted due to unfavourable market conditions
Netweb Technologies listed at Rs 947, a whopping 88 percent premium to the issue price of Rs 500, which was expected as the IPO was subscribed 90.36 time
Netweb Technologies has maintained a healthy average return on equity of around 46 percent during FY21-23. The company has forayed into developing new product lines, namely, network switches and 5G ORAN Appliances, in FY23
The IPO was subscribed 1.08 times as of 5:00 pm on July 26, the first day of subscription
According to the draft papers, healthcare-focused Asian private equity firm Quadria Capital also picked up a 20 percent stake in Concord Biotech in 2016
Netweb Technologies is well-positioned to benefit from the growth of the high-end computing market in India.
Before this, the Mumbai-based realty film filed its draft IPO papers in March 2022.
Yatharth Hospital IPO | The offer comprises a fresh issue of Rs 490 crore by the company and an offer for sale of 65.51 lakh equity shares by promoters Vimla Tyagi, Prem Narayan Tyagi and Neena Tyagi.
Yatharth Hospital said it will utilise fresh issue proceeds for repaying debts, capital expenditure for hospitals, and funding inorganic growth initiatives, besides general corporate purposes.
The bulk of the business comes from the NCR region, which is a crowded market for hospitals. Hence, investors looking for long-term gains should wait
The bidding for anchor investors will open on July 31 and the public issue will conclude on August 3, the company said in a statement.
Yatharth Hospital: Marquee investors participated in the anchor book included ICICI Prudential, Nippon Life, HDFC Mutual Fund, Aditya Birla Sun Life Trustee, Bandhan Mutual Fund, and HSBC Global Investment Funds.
Yatharth Hospital IPO: The company has fixed a price band at Rs 285-300 per share for its initial public offering. The basis of the allotment of IPO shares will be finalised by August 2 and the equity shares will be credited to the demat accounts of eligible investors by August 4.
Netweb Technologies will make its debut on the BSE and NSE on July 27, as per IPO schedule.
In the ranking of top-10 firms, Reliance remained the most valued company, followed by HDFC Bank, TCS, ICICI Bank, Hindustan Unilever, ITC, Infosys, State Bank of India, Bharti Airtel and Bajaj Finance.
The total fund raising via public offerings would be Rs 857 crore, including Rs 170 crore by the SME (small and medium enterprise) segment
US Fed, ECB will decide on interest rates. One new IPO will open for subscription. Corporate results, bank credit, flash PMIs are the other key events, data points to track
Utkarsh Small Finance Bank | This was the second stellar listing in current calendar year after Ideaforge Technology which had ended listing day with 92.8 percent gains on July 7.
Yatharth Hospital will utilise fresh issue proceeds for repaying debts, capital expenditure for hospitals, and funding inorganic growth initiatives, besides general corporate purposes
The attractive valuations along with healthy financials, improving asset quality, and reduction in exposure to unsecured micro banking segment seem to be key reasons that boosted confidence among participants.
Utkarsh Small Finance Bank shares traded with a massive 60 percent premium in the grey market, analysts said.