AgenciesThe 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 Noida-based hospital chain sold its shares in a price band of ₹285 to ₹300 per share.
The IPO consisted of a fresh share issue worth ₹490 crore and an offer-for-sale worth ₹197 crore from existing shareholders.
The company will use the net proceeds from the fresh issue to repay loans of the company and its subsidiaries. The firm will also use the fund for capital expenditure of their two hospitals. Yatharth Hospital is a private hospital based in the northern region of India.
Saturday, 29 Jul, 2023- Front Page
- Pure Politics
- Companies
- Brands & Companies
- More
Indian Cos Can Directly List Overseas Soon: FMFinance Minister Nirmala Sitharaman Friday said domestic companies would soon be allowed to directly list their securities on overseas exchanges in specified jurisdictions, expanding capital-access opportunities for businesses in India that is poised to dwarf Germany and Japan and become the world’s third-largest economy in a few years.
India Next Chip Hub: PM ModiPrime Minister Narendra Modi on Friday pitched India as the next hub for semiconductor manufacturing, highlighting its stable, responsible and reform-oriented government, large talent pool and improving infrastructure that the industry can leverage.
Aviation Min, MCA Take Different Flight Paths on IBC MoratoriumThe civil aviation ministry has asked the corporate affairs ministry for exemption from the asset moratorium rule for leased aircraft during the insolvency resolution of an airline, persons aware of the details said.
Read More News on
Download The Economic Times News App to get Daily Market Updates & Live Business News.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
Get Unlimited Access to The Economic Times 
