Yatharth Hospital IPO Allotment Today: How To Check Application Status And What GMP Signals

Yatharth Hospital and Trauma Care Services IPO: The public offer's allotment of equity shares is expected to take place on Wednesday and investors can now check their application status through various portals such as the registrar of the offer, BSE, NSE, bank accounts and demat accounts.

The Delhi-based multi-care hospital chain launched its IPO to raise Rs 686.55 crore. The issue was a success and was oversubscribed by 36.16 times.

Here's how to check the allotment of equity shares in the Yartharth Hospital IPO:

Link Intime Allotment Page:

Step 1: Visit Link Intime IPO Allotment Page (https://linkintime.co.in/MIPO/Ipoallotment.html)

Step 2: Then select the option of personal identification to proceed further to select the IPO name. These can be a Permanent Account Number (PAN) card, Aadhaar card, or DP ID options.

Step 3: After doing so, click on the drop-down menu bar to select the IPO name. Select 'Yatharth Hospital and Trauma Care Services

Step 4: Feed the details of PAN, Aadhaar, or DP ID as per your selection.

Step 5: Click on the 'Search' button lastly to proceed to check your allotment status on the screen.

BSE:

Step 1: Under the investors section of the BSE website, click on 'Status of Issue Application'. Here is the link: https://www.bseindia.com/investors/appli_check.aspx

Step 2: Select the issue type either Equity or Debt

Step 3: Select the IPO name 'Yatharth Hospital and Trauma Care Services' from the drop-down menu on the Issue Name.

Step 4: Feed in the details of either Application No. or PAN card.

Step 5: Select the captcha mode and then click on 'Search'. You get to know your allotment status accordingly.

NSE:

- Exchange will also provide Allotment information as provided by the registrar to the issue. Click here to login (https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids)

- To avail of this facility, the investor has to register one time by providing the PAN details.

- The user shall be able to view the details of the bids entered against the registered PAN number

- On registration, the investor will receive an email notification from NSE on the registered email address providing the login details.

Demat Account:

- Another method to check your application status for Yartharth Hospital IPO could be your demat account. You can call your broker, or login into your trading account for this.

- If your application is approved and Yartharth IPO shares are credited then it should reflect in your Demat account.

Bank Account:

- To check your application status, investors need to log in to their bank account from which they have applied for the Yartharth IPO.

- After logging in, you need to check your balance statement.

- If an investor has received the allotment, then the amount will be debited from your account. And if not, then the amount will be credited.

- Also, as per IPO Watch, if you got the allotment you should have gotten an SMS "Dear Customer, Bank Name Account 00001 is debited with INR 00000.00 on Date. Info: IPOName. The Available Balance is INR 000000."

On the last day of the IPO (July 28), the IPO oversubscribed by 36.16 times driven by institutional investors. Further, the portion reserved for QIBs oversubscribed by 85.10 times, while high net worth clients aka NIIs oversubscribed as well by 37.22 times. Meanwhile, the retail portion subscribed by 8.34 times.

The IPO opened on July 26 and closed on July 28 at a price band of Rs 285
to Rs 300 apiece.

As per the TopShareBrokers, the grey market premium (GMP) of the IPO is Rs 85 on Wednesday, suggesting a premium listing of 28.33% to Rs 385 (upper price band of Rs 300 + Rs 85).

After the allotment of equity shares, the initiation of refunds will be carried out on August 3rd, as per Chittorgarh's report. Investors can expect the shares to be credited to their Demat accounts by August 4, 2023.

The IPO is expected to list on stock exchanges on BSE and NSE on August 7.

Yartharth plans to utilise proceeds from the fresh issue for repayment of certain borrowings; repayment of borrowings availed by its subsidiaries such as AKS Medical & Research Centre and Ramraja Multispeciality Hospital & Trauma Centre. Further, a part of the proceeds will be used for funding CAPEX for its two hospitals namely Noida Hospital and Greater Noida Hospital. Also, it will fund CAPEX for subsidiaries AKS and Ramraja, for respective hospitals operated by them. Also, funding will be made for inorganic growth initiatives through acquisitions and other strategic initiatives; and general corporate purposes. The proceeds arising from OFS will not be utilised by the company and will be transferred to the selling shareholders.