Shanmuga Hospital IPO is a fixed-price issue amounting to ₹20.62 crores, consisting entirely of a fresh issue of 38.18 lakh shares.
The bidding for Shanmuga Hospital IPO opened on February 13, 2025, and will close on February 17, 2025. The allotment process is expected to be finalized on Tuesday, February 18, 2025. The IPO is set to list on BSE SME, with a tentative listing date scheduled for Thursday, February 20, 2025.
Shanmuga Hospital is a multispecialty hospital located in Salem, Tamil Nadu. It provides a wide range of medical and surgical care across various specialties, including oncology, neurosurgery, cardiology, emergency care, intensive care, neonatal care, and outpatient consultation.
The issue price for Shanmuga Hospital IPO is ₹54 per share. Investors are required to apply for a minimum lot size of 2,000 shares. The minimum investment required for retail investors is ₹1,08,000, while for HNIs, the minimum application is 2 lots (4,000 shares), amounting to ₹2,16,000.
Finshore Management Services Limited is the book-running lead manager for the Shanmuga Hospital IPO, with Integrated Registry Management Services Private Limited acting as the registrar. The market maker for the issue is Black Fox Financial Private Limited.
Shanmuga Hospital IPO Details:
| Company Name | Shanmuga Hospital Limited |
| Sector | Hospital |
| IPO Type | SME |
| IPO Open date | 13th Feb 2025 |
| IPO Close date | 17th Feb 2025 |
| Listing Exchanges | BSE |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Shanmuga Hospital IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 2000 | 1,08,000 |
| HNI (Min) | 2 | 4000 | 2,16,000 |
Shanmuga Hospital IPO Timeline:
| IPO Open Date | 13th Feb 2025 |
| IPO Close Date | 17th Feb 2025 |
| Basis of Allotment | 18th Feb 2025 |
| Refund Initiation Date | 19th Feb 2025 |
| Shares Credit to Demat | 19th Feb 2025 |
| Listing Date | 20th Feb 2025 |
Things to Consider before applying for an IPO
Financial Performance: Review Shanmuga Hospital’s Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Hospital Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Shanmuga Hospital and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
