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Yatharth Hospital spurts on launching QIP; floor price of Rs 626.18 /share As on : 19-Dec-24  10:59

The company's board authorized and declared the opening of the issue on Wednesday, 18 December 2024.

The floor price of Rs 626.18 is at a premium of 1.87% to the scrip's previous closing price of Rs 614.65 on the BSE.

The company stated that it may offer a discount of not more than 5% on the floor price so calculated for the issue.

Yatharth Hospital & Trauma Care Services (Yatharth Hospitals) is one of North India's leading healthcare providers, known for its commitment to delivering high-quality medical care through a network of state-of-the-art facilities. It operates five super specialty hospitals located in North India, i.e., at Noida, Greater Noida, Noida Extension, and Faridabad in Delhi NCR, and Jhansi-Orchha in Madhya Pradesh.

The company's consolidated net profit increased 12.31% to Rs 31 crore on 27.14% rise in revenue from operations to Rs 217.80 crore in Q2 FY25 over Q2 FY24.

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