Yatharth Hospital stock will list on the exchanges on Monday. The IPO was oversubscribed by 37 times with strongest response in Qualified Institutional segment with 86 times oversubscription. In retail investors segment, the Yatharth Hospital IPO received 8.6 times oversubscription. In the grey market, Yatharth Hospital is currently trading at Rs 75-80 premium.

The grey market premium suggests that IPO could see a strong listing with at least Rs 70 -100 premium to listing price. Yatharth Hospital issued stocks in price range of Rs 285 – 300. Market experts believe that the stock could list in range of Rs 380 – 400, depending on the market sentiment on Monday.

In the recent weeks, IPO listings have witnessed strong response in the secondary market. Primary market investors have made decent earnings as IPOs like IKIO Lighting, ideaForge Technology, Netweb Technologies, Asarfi Hospital, Utkarsh Small Finance Bank and Cyient DLM.

As per statement published by Bombay Stock Exchange, “Effective from Monday, August 7, 2023, the equity shares of Yatharth Hospital & Trauma Care Services Limited shall be listed and admitted to dealings on the Exchange in the list of 'B' Group of Securities.”

Talking about listing expectations from Yatharth Hospital, Prashanth Tapse, Research Analyst and Sr VP - Research at Mehta Equities said, "We are expecting a healthy and decent 20-25 percent listing gain on the back of reasonable ask valuations along with healthy margins when compared to peers and long term expansion plans targeting to tap the medical tourism segment. In addition to the above factors Yatharth will also become a debt-free company after its IPO which would also expand its bottom-line post IPO."

Yatharth Hospital will use the proceeds from IPO for repayment of debt and capital expenditure. The company is also looking to invest nearly Rs 65 crore for acquisitions. The company currently operates four hospitals with 1,405 beds. The hospital chain works with nearly 609 doctors and expansion plans are on the cards.