Shanmuga Hospital IPO: Check Latest GMP, Day 1 Subscription Status, Price Band And More
The grey market premium on the BSE SME offer of Shanmuga Hospital Ltd. stood at Rs 8 as of 4:32 p.m. on Feb. 13.
The initial public offering of Shanmuga Hospital Ltd. opened for subscription on Feb. 13. The company, which operates a multispeciality hospital in Tamil Nadu, aims to raise Rs 20.62 crore from the primary market via its IPO. Investors looking to bid in Shanmuga Hospital IPO must check out these key details before taking an investment call:
Shanmuga Hospital IPO: Key Details
Shanmuga Hospital IPO is an entirely fresh issuance of 38.18 lakh shares, offered at a fixed price of Rs 54 apiece. The total offer size is valued at Rs 20.62 crore.
The company has reserved 50% of the net offer size for retail investors whereas the remaining half is kept aside for other investors.
Retail investors may submit their bid with a minimum lot size of 2,000 shares totalling an investment of Rs 1,08,000.
The subscription window for Shanmuga Hospital IPO will remain open between Feb. 13 and Feb. 17. The company will finalise the allotment of shares in the offer on Feb. 18 followed by credit of shares into the demat account of successful bidders on Feb. 19. Initiation of refunds for the non-allottees will also be done on the same day.
Finshore Management Services Ltd. has been appointed as the book-running lead manager for Shanmuga Hospital IPO whereas Integrated Registry Management Services Pvt. is its registrar. Black Fox Financial Pvt. is the market maker for the SME offering.
Shanmuga Hospital IPO Subscription Status
Shanmuga Hospital IPO has been subscribed 0.65 times as of 5:04 p.m. on Thursday, as per Chittorgarh.
Non-Institutional Investors: 0.19 times
Retail Investors: 1.11 times
*The subscription status will be updated at regular intervals
Shanmuga Hospital IPO GMP Today
The grey market premium on the BSE SME offer of Shanmuga Hospital Ltd. stood at Rs 8 as of 4:32 p.m. on Feb. 13. According to InvestoGain, shares of the company are projected to make their market debut at a listing price of Rs 62, marking a premium of nearly 15% over the issue price.
Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.
Shanmuga Hospital Ltd. Business And Financials
Shanmuga Hospital Ltd. is a multispeciality hospital equipped with advanced healthcare technology. It is accredited by the National Accreditation Board for Hospitals & Healthcare Providers and NABL India. The 151-bed capacity hospital is located in Tamil Nadu's Salem.
Use Of Proceeds
Shanmuga Hospital has proposed to use the net proceeds from the public offer to fund its capital expenditure on the purchase of medical equipment. A portion of the money raised via the IPO will be used for general corporate purposes.
Financials
Shanmuga Hospital Ltd. posted a net revenue of Rs 24.83 crore in the first half of FY25 along with a net profit of Rs 2.39 crore. In FY24, the healthcare company's revenue stood at Rs 43.39 crore, marking a jump of 9% year-on-year from Rs 39.5 crore in the preceding fiscal. The company's net profit moved up by 10% YoY to Rs 5.26 crore in FY24 in comparison to Rs 4.76 crore in FY23.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
