Shanmuga Hospital IPO Day 2: GMP, Subscription Status And Other Key Details
The latest grey market premium on the BSE SME offer of Shanmuga Hospital Ltd. stood at Rs 8 on Feb. 14.
The initial public offering of Shanmuga Hospital Ltd. has been subscribed 0.86 times so far on the second day of bidding on Friday. The SME IPO opened for subscription on Thursday and was booked 0.65 times as per data from the market tracking site Chittorgarh.
Shanmuga Hospital, 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 GMP Today
The grey market premium on the BSE SME offer of Shanmuga Hospital Ltd. stood at Rs 8 as of 1:53 p.m. on Feb. 14. According to InvestorGain, 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 IPO Subscription Status: Day 2
Shanmuga Hospital IPO has been subscribed 1.21 times as of 4:29 p.m. on Friday, as per Chittorgarh.
Non-Institutional Investors: 0.21 times
Retail Investors: 2.21 times
*The subscription status will be updated at regular intervals
Shanmuga Hospital IPO: Key Details
Bidding dates: Feb. 13 to Feb. 17
Price range: Rs 54
Minimum investment: Rs 1,08,000
IPO size: Rs 20.62 crore
Allotment date: Feb. 18
Listing date: Feb. 20
Registrar: Registry Management Services Pvt. Ltd.
About Shanmuga Hospital
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.
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.
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.
