Yatharth Hospital has submitted the Monitoring Agency Report, issued by CARE Ratings Limited, covering the utilization of its Initial Public Offer (IPO) proceeds for the quarter ending December 31, 2025. The total IPO amount aggregated to ₹569.71 crore. As of the quarter-end, the total utilized amount stood at ₹521.26 crore, leaving an unutilized balance of ₹48.45 crore. The report notes ongoing delays in the implementation timelines for several objects, although there were no material deviations observed in fund deployment.
IPO Proceeds Monitoring Report Submission
Yatharth Hospital & Trauma Care Services Limited has submitted the mandatory Monitoring Agency Report to the stock exchanges concerning the utilization of funds raised through its Initial Public Offer (IPO). This report pertains to the quarter ended December 31, 2025.
Utilization Summary (As of December 31, 2025)
The total offer proceeds aggregated to ₹569.71 crore. By the close of the reporting quarter, the cumulative amount utilized across all specified objects was ₹521.26 crore. This leaves a residual unutilized amount of ₹48.45 crore, which is detailed as deployed in fixed deposits and other instruments, earning returns up to 5.90%.
Progress Against Objects of Issue
The monitoring agency confirmed that the utilization for several key objects concluded by the originally proposed completion date of FY24:
- Repayment of Borrowings (Company): Fully utilized (₹100.00 crore).
- Funding Capital Expenditure (Noida/Greater Noida Hospitals): Fully utilized (₹25.64 crore).
- Funding Inorganic Growth Initiatives: Fully utilized (₹65.00 crore).
Objects listed as Ongoing include borrowings repayment for subsidiaries (₹145.00 crore proposed, ₹142.72 crore utilized) and capital expenditure for subsidiary hospitals (₹106.97 crore proposed, ₹64.23 crore utilized).
Key Observation on Timelines
The Monitoring Agency highlighted that the implementation timeline for certain ongoing objects experienced delays, categorized as: “Ongoing delays in the implementation timeline for some objects.” The specific completion dates originally slated for FY24 and FY25 are currently past due for these categories, although the reasons for delay were noted as being beyond the Monitoring Agency’s review scope.
Deployment of Unutilized Proceeds
The unutilized amount of ₹48.45 crore has been placed in various short-term instruments, predominantly Axis Bank Fixed Deposits, with a consistent rate of return of 5.90% per annum. These investments carry maturity dates ranging up to March 25, 2026, indicating plans to deploy these funds in the near term.
Declaration and Audit Confirmation
The report confirms that the information was sourced from management certificates and a limited assurance CA certificate dated January 30, 2026. The Audit Committee of the Board reviewed and noted this Monitoring Agency Report during its meeting held on February 05, 2026.
Source: BSE
