SEBI Gives Green Signal for Yashoda Hospitals IPO, Set to Enter the Share Market Soon

Yashoda Healthcare Services, which operates Yashoda Hospitals, has received SEBI approval for its initial public offering (IPO). The company had filed its IPO application in September, and the issue will include a fresh issue of equity shares along with an Offer for Sale (OFS). The IPO size is estimated to be in the range of ₹3,000–4,000 crore. The funds raised will be utilised for setting up hospitals in new cities, expanding bed capacity, and acquiring advanced medical technology and equipment.

In addition, SEBI has granted approval to the IPOs of six more companies. These include RSB Retail India, Fusion CX, Orient Cables, TurtleMint Fintech Solutions, SFC Environmental Technologies and Lohia Corp. Collectively, these companies are expected to raise around ₹6,000 crore.

RSB Retail India is planning a ₹500 crore IPO, of which ₹275 crore will be used to repay debt and ₹118 crore will be allocated for opening new stores. Fusion CX is preparing for a ₹1,000 crore IPO. Orient Cables will raise funds through a combination of a fresh issue and an OFS. SFC Environmental Technologies’ IPO will comprise both a fresh issue and an OFS, while Lohia Corp’s IPO will be entirely an OFS, which is noteworthy.