Religare Health Trust ("Religare" or "RHT" or the "Company") registered its prospectus today. The link is here and my IPO preview is here.

RHT is offering 567,455,000 common units at $0.90 each. It has priced its offer at the lower end of the indicative range. RHT offers investors an exposure into Indian healthcare centre. Based on the offering price, the projected yield for FY2013 (annualised) is 8.9% and 9.1% for FY2014. 12m shares will be offered to the public and the rest will be via placement. The offer will end at 12pm on 18 Oct 2012 and starts trading on 22 Oct 2012. Considering that it is open to the public for such a short period of time, you can probably guess that the placement tranche has already been fully placed out. While there are claims that the placement is 2.5x subscribed, i do have my ...