Yatharth Hospital IPO: Get Ready for an Exciting Offering
The highly anticipated Yatharth Hospital IPO is set to open for subscribers on July 26th, 2023, and will remain open for bidders until July 28th, 2023. The public issue has been priced attractively, with a price band ranging from ₹285 to ₹300. But here’s the interesting part – even before the subscription opening date, the book build issue has already made its debut in the unlisted stock market, and market observers have noted that shares of Yatharth Hospital Ltd are available at a premium of ₹76 in the grey market today.
The Grey Market Premium (GMP) for Yatharth Hospital IPO currently stands at ₹76. This means that the unlisted market is expecting a strong debut for the public issue in the primary market when bidding opens on Wednesday. Overall sentiment in the primary market is highly bullish, particularly after the strong response to recently listed IPOs like ideaForge, Senco Gold, and Netweb Technologies IPO. Given this positive market sentiment and the robust GMP, the book build issue is likely to attract a high number of bidders.
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Now, you might wonder, what exactly does this GMP signify? According to market observers, the Yatharth Hospital IPO GMP of ₹76 implies that the grey market expects the IPO listing price to be around ₹376 (₹300 + ₹76), representing a substantial 25 percent increase from the IPO price band of ₹285 to ₹300 per equity share.
Despite the enticing GMP, stock market experts caution that it should not be the sole criteria for deciding whether to apply for the IPO or not. They strongly advise investors to carefully examine the company’s balance sheet, as it provides a concrete fundamental picture of the company’s financial health.
Here are the essential Yatharth Hospital IPO details: The public issue opens on July 26th, 2023, and closes on July 28th, 2023. The allotment date is expected to be around August 2nd, 2023, while the probable listing date on BSE and NSE is August 7th, 2023. The company has fixed the Yatharth Hospital IPO price band at ₹285 to ₹300 per share, and one lot of the IPO consists of 50 shares.
Be sure to mark your calendars and carefully evaluate the investment opportunity presented by the Yatharth Hospital IPO. Happy investing!