Yatharth Hospital IPO GMP Soars to ₹85, Trading at Premium of 28% Over Issue Price
Mumbai, 1 August 2023: The grey market premium (GMP) for the Yatharth Hospital IPO has soared to ₹85, indicating that investors are willing to pay a premium of 28% over the issue price of ₹300 per share. The IPO opened for subscription on 26 July 2023 and closes on 28 July 2023.
The Yatharth Hospital IPO is a ₹686.55 crore issue and is the first IPO by a private hospital in India in the last two years. The company is a leading multi-specialty hospital chain with operations in Delhi and NCR. The IPO is being subscribed by both retail and institutional investors.
The high GMP for the Yatharth Hospital IPO is a positive sign for the company and indicates that investors are bullish on the future prospects of the hospital chain. The IPO is expected to be a success and the company is likely to raise the full amount it is seeking to raise.