February 21, 2025
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What was the last grey market premium of Shanmuga Hospitals IPO?
Rs. 3
Listing Review: On 21st February 2025, the scrip is listed at Rs. 54, at par to the issue price. The listing is below the expectations of the grey market players.
Subscription status of Shanmuga Hospitals IPO
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Shanmuga Hospital Limited IPO Price Rs. 54 Lot 2000 shares, Rs. 20.62 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 0.60 | 4.41 | 2.51 | 6563 | |
| Amount wise bids recd. Rs. ? Crore | ||||
| Note: | ||||
What is the business of Shanmuga Hospitals?
Shanmuga Hospital Limited, founded in 2020, is a multispecialty hospital dedicated to meeting the diverse medical needs of the community.
With state-of-the-art healthcare technology and a 151-bed capacity, Shanmuga Hospital serves patients from nearby regions, offering comprehensive services in prevention, treatment, and rehabilitation. The hospital is accredited by NABH and NABL, ensuring high-quality healthcare standards.
Located at 51/24 Saradha College Road, Salem, Tamil Nadu, the hospital occupies 45,311 square feet across two blocks and three floors, providing both inpatient (IPD) and outpatient (OPD) services with a skilled medical team.
Hospital Units:
- Shanmuga Pharmacy & Diagnostics:
The hospital operates Shanmuga Pharmacy, offering medications to both OPD and IPD patients. Shanmuga Diagnostics provides accurate pathology services for effective medical evaluations and treatment planning. - Shanmuga Clinics:
Shanmuga Clinics offer specialized consultations and treatments in Salem. Critical patients are transferred to the main hospital for advanced care when required.
Medical Services Include:
- Oncology
- General Surgery
- Orthopaedics
- Cardiology
- General Medicine
- Paediatrics & Neonatology
- Neurology
- Endocrinology & Diabetes
- Plastic Surgery
- Respiratory Medicine
As of August 31, 2024, Shanmuga Hospital employs 72 doctors, including 9 Resident Doctors, 7 Junior Doctors, 28 Senior Consulting Doctors, and 28 Consulting Visiting Doctors.
Get more information about the company @ http://www.shanmugahospital.com/
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Shanmuga Hospitals IPO Details |
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| IPO opens on | 13 February 2025 |
| IPO closes on | 17 February 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 3818000 Shares / Rs 20.62 Crore |
| * Fresh Issue | 3818000 Shares / Rs 20.62 Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | 192000 Shares |
| Net offer to Public | 3626000 Shares/ Rs 19.58 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 54 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2000 Shares |
| Listing will at | BSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (50%) | – | – |
| HNI (15%) | 1813000 | 9.79 |
| RII (35%) | 1813000 | 9.79 |
| Total Shares | 3626000 | 19.58 |
| Retail portion will be oversubscribed by |
907 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 2000 Shares | Rs.108000 |
| Min HNI Application | 4000 Shares | Rs. 216000 |
Who are the Promoters of Shanmuga Hospitals?
Dr. Panneerselvam Palaniappan Shanmugam, Dr. Prabu Sankar Panneerselvam, Dr. Priyadharshni Dhandapani, and Mrs. Jayalakshmi Panneerselvam are the promoters of the company.
What are the Objects of Shanmuga Hospitals IPO?
The Objects of the Issue are:
- Funding Capital Expenditure towards Purchase of additional Medical Equipment
2 General Corporate Purposes
Tentative timetable |
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| IPO opens on | 13 February 2025 |
| IPO Closes on | 17 February 2025 |
| IPO Allotment on | 18 February 2025 |
| Refund Initiation | 19 February 2025 |
| Credit of Shares | 19 February 2025 |
| Listing on | 20 February 2025 |
| Registered Office of the Company Shanmuga Hospital Limited 51/24, Saradha College Road, Salem, 636007 |
| Who is the Lead Manager of this IPO? Finshore Management Services Ltd |
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Who is the Registrar to IPO? |
Shanmuga Hospitals IPO GMP grey market premium, review, Subscription, allotment, listing estimate
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Shanmuga Hospitals IPO Financial & Analytical Ratios |
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| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 41.47 | 6.72 | ||
| 2022-23 | 39.50 | 4.76 | ||
| 2023-24 | 43.39 | 5.26 | 5.37 | 30.71 |
| Book Value of the Share on 31.03.2024 |
– | |||
| BV of the Share at cap price after IPO |
Rs. | |||
| Offer Price/upper band | Rs. | 90 | ||
Key Performance
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| Price/EPS of 23-24 | 10.05 |
| Price/BV Ratio | 3.09 |
| Debt/Equity Ratio | 0.53 |
How Shanmuga Hospitals IPO compares with the Peers?
| As per RHP | FV | Price | PE |
| Bookvalue | Ratio | ||
| Ratio | |||
| Shanmuga Hospitals | 3.09 | 10.05 | |
| Asarfi Hospitals | 1.86 | 37.77 | |
| Familycare Hospitals | 0.60 | 2.59 | |
| Aaska Hospitals | 1.88 | 98.37 | |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Shanmuga Hospitals IPO Review by Paresh Gordhandas, CA & Research Analyst.
F
+ from fundamental angle: May Apply
+ from grey market angle:
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Shanmuga Hospitals IPO GMP today allotment, review?
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