Yatharth Hospital & Trauma Care Services files draft papers to raise funds through IPO
Yatharth Hospital & Trauma Care Services has filed draft red herring prospectus (DRHP) with Securities and Exchange Board of India (SEBI) for its initial public offering (IPO) that will include sale of fresh equity shares worth Rs 610 crore.
The firm intends to utilise the net proceeds for repayment or prepayment in full or part of certain borrowings availed by the company and its subsidiaries, and for funding capital expenditure expenses, among others. The proceeds will also be used for funding inorganic growth initiatives through acquisition and other strategic initiatives, and for general corporate purposes. Intensive Fiscal Services, Ambit and IIFL Securities are the book-running lead managers for the IPO.
The company operates and manages private hospitals in the Delhi-NCR region.
