HomeTech newsIPO Watch: Reality Hospital gets SEBI nod for IPO, know special things...

IPO Watch: Reality Hospital gets SEBI nod for IPO, know special things related to it

IPO Tracker: Healthcare sector company Satyath Hospital and Trauma Care Services Limited has got the approval of capital markets regulator SEBI to bring an initial public offer (IPO). The proceeds from the IPO will be used to fund the expansion plan and for general corporate purposes.

What is in the DRHP deposited with SEBI
According to the draft document submitted with SEBI, the IPO of Reality Hospital will see a fresh issue of equity shares of up to Rs 610 crore. Apart from this, the offer for sale (OFS) of 65.51 lakh equity shares by the promoters of the company and promoter group entities will also be included.

how will ipo
The issue of equity shares with a face value of Rs 10 will be issued in the IPO. The complete details of the IPO along with the price bands for equity shares will be shared after SEBI’s approval. Promoters like Vimala Tyagi will sell 37,43,000 equity shares through the offer for sale.

Know the details of IPO
50 percent of the size of the IPO of Reality Hospital is reserved for Qualified Institution Buyers (QIBs). Apart from this, 15 percent of the offer size is to be kept for non-institution investors (NIIs) and the remaining 35 percent for retail investors.

Know about the business of the company
The company operates three super specialty hospitals in Delhi-NCR. According to the figures of FY 2021, the actual hospital is one of the 10 largest private hospitals in Delhi and NCR in terms of bed numbers. Recently it has also expanded its presence in Madhya Pradesh.

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