Shanmuga Hospital IPO
- IPO Date13 Feb, 2025 to 17 Feb, 2025
- Listing Date20 Feb, 2025
- Face Value₹10 per share
- Issue Price-
- Lot Size2000 Shares
- Minimum Investment₹0
- Listing AtBSE SME
- Total Issue Size38,18,000 Shares
- Fresh Issue38,18,000 Shares
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue97,95,000
- Shareholding post issue1,36,13,000
IPO Dates
Closing Date
17 Feb, 2025
Initiation of Refunds
19 Feb, 2025
Listing Date
20 Feb, 2025
13 Feb, 2025
Opening Date
18 Feb, 2025
Basis of Allotment
19 Feb, 2025
Credit of Shares
Shanmuga Hospital Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Max) | 1 | 2000 | ₹1,08,000 |
| Retail (Min) | 1 | 2000 | ₹1,08,000 |
| B-HNI (Min) | - | - | - |
| S-HNI (Min) | 2 | 4000 | ₹2,16,000 |
| S-HNI (Max) | - | - | - |
Shanmuga Hospital Promoter Holding
Dr. Panneerselvam Palaniappan Shanmugam, Dr. Prabu Sankar Panneerselvam, Dr. Priyadharshni Dhandapani, and Mrs. Jayalakshmi Panneerselvam are the promoters of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 71.95% |
Shanmuga Hospital COMPANY INFORMATION
Shanmuga Hospital IPO is a fixed price issue of Rs 20.62 crores. The issue is entirely a fresh issue of 38.18 lakh shares. Shanmuga Hospital IPO opens for subscription on February 13, 2025 and closes on February 17, 2025. The allotment for the Shanmuga Hospital IPO is expected to be finalized on Tuesday, February 18, 2025. Shanmuga Hospital IPO will be list on BSE SME with a tentative listing date fixed as Thursday, February 20, 2025. Shanmuga Hospital IPO price is ₹54 per share. The minimum lot size for an application is 2000. The minimum amount of investment required by retail investors is ₹1,08,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹2,16,000. Finshore Management Services Limited is the book running lead manager of the Shanmuga Hospital IPO, while Integrated Registry Management Services Private Limited is the registrar for the issue.The market maker for Shanmuga Hospital IPO is Black Fox Financial Private Limited.
Incorporated in 2020, Shanmuga Hospital Limited is a Multispecialty Hospital.
Shanmuga Hospital is equipped with advanced healthcare technology and having 151 bed capacity, it addresses the community’s medical needs, serving patients from nearby regions.
Accredited by NABH and NABL, the hospital is dedicated to providing high-quality healthcare services, including prevention, treatment, and rehabilitation.
Located at 51/24 Saradha College Road, Salem, Tamil Nadu, the hospital spans 45,311 square feet across two blocks and three floors, offering IPD and OPD services with a dedicated team.
Hospital Units:
- Shanmuga Pharmacy & Diagnostics:
The hospital operates Shanmuga Pharmacy, providing medications to OPD and IPD patients. Shanmuga Diagnostics offers reliable pathology services for accurate medical evaluations and treatment planning. - Shanmuga Clinics:
The hospital extends services through Shanmuga Clinics, providing specialized consultations and treatments in Salem. Critical patients are transferred to the main hospital for advanced care when necessary.
Services: Oncology, General Surgery, Orthopaedics, Cardiology,General Medicine, Paediatrics & Neonatology, Neurology, Endocrinology & Diabetes Department, Plastic Surgery, Respiratory Medicine.
As on August 31, 2024, the hospital had 72 doctors, out of whom 9 doctors were Resident Doctors, 7 Junior Doctors, 28 Senior Consulting Doctors and 28 Consulting Visiting Doctors.
Competitive Strengths:
- Oncology Presence
- Rich experience of promoters of over four decades
- Cost Affordable to Regional Population
- Specialized Equipment like LINAC, CATHLAB, MRI, MODULAR OT
- Tie-up with Government and Private Insurance Companies
Shanmuga Hospital IPO
IPO Overview and Key Highlights
Shanmuga Hospital Limited, a Salem-based multi-specialty healthcare provider, is launching its Initial Public Offering (IPO). The IPO consists of a fresh issue of up to 38,18,000 equity shares with a face value of ₹10 per share. There is no Offer for Sale (OFS), making it a 100% fresh issue. The funds will be utilized for business expansion, working capital, and general corporate purposes. The shares will be listed on the SME Platform of BSE.
Key IPO Details
- Type of Issue • Fixed Price Issue
- Total Issue Size • 38,18,000 equity shares
- Face Value • ₹10 per share
- Issue Price • ₹54 per share
- Offer Opens • February 13, 2025
- Offer Closes • February 17, 2025
- Listing Exchange • BSE SME
- Lot Size • 2,000 equity shares
Company Overview
Shanmuga Hospital Limited was originally incorporated as Shanmuga Hospital Private Limited in 2020. The company was later converted into a public limited company in 2024. It operates a multi-specialty hospital, offering a range of healthcare services.
- Promoters • Dr. Panneerselvam Palaniappan Shanmugam, Dr. Prabu Sankar Panneerselvam, Dr. Priyadharshni Dhandapani, and Mrs. Jayalakshmi Panneerselvam
- Headquarters • Salem, Tamil Nadu
- Corporate Identification Number (CIN) • U85110TZ2020PLC033974
Financial Overview
Shanmuga Hospital Limited has demonstrated consistent revenue growth, benefiting from the rising demand for quality healthcare services. The IPO proceeds will be used to expand hospital facilities, acquire medical equipment, and strengthen financial stability.
Key Strengths of Shanmuga Hospital
- Established Reputation • Recognized multi-specialty hospital in Tamil Nadu.
- No OFS • Entire issue is a fresh issue, ensuring funds are directed towards business growth.
- Strategic Expansion Plans • Plans to enhance hospital infrastructure and add new medical departments.
- Experienced Leadership • Led by renowned medical professionals with extensive experience.
IPO Pros and Cons
Pros
- Growing Healthcare Industry • Increasing demand for multi-specialty hospitals.
- Proceeds Utilization • Funds will be used for infrastructure expansion and medical advancements.
- Listing on BSE SME • Offers better visibility and credibility.
Cons
- Market Dependency • Revenue depends on the healthcare industry trends.
- Competitive Industry • Faces competition from corporate hospitals and government healthcare facilities.
- Regulatory Compliance • Subject to healthcare laws and accreditation requirements.
Risk Factors
Potential investors should consider the following risks before investing:
- Healthcare Industry Challenges • Hospitals require continuous investments in infrastructure and equipment.
- Operational Risks • Dependence on experienced medical professionals and staff retention.
- Regulatory Compliance • Adherence to medical industry regulations and government policies.
Conclusion
The Shanmuga Hospital Limited IPO presents an opportunity to invest in a well-established multi-specialty hospital with a strong industry presence. With no Offer for Sale, all funds raised will be used for expansion and operational growth, making it an attractive investment. However, investors should evaluate factors like market dependency, regulatory risks, and competition before making a decision.
FAQs About Shanmuga Hospital Ipo
Shanmuga Hospital IPO will open on 13 Feb, 2025 and close on 17 Feb, 2025. Investors must apply within this period to participate.
The Shanmuga Hospital IPO price band is set between ₹54.00 and ₹0.00 per share. The minimum lot size is 2000, requiring an investment of at least ₹0.00.
The Shanmuga Hospital IPO shares are expected to be listed on 20 Feb, 2025, subject to regulatory approvals and final allotment.
You can track your Shanmuga Hospital IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Shanmuga Hospital IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.