Shanmuga Hospital IPO Subscribed overall 2.51 times on the last day, a retail quota was subscribed over 4.41 times, NII was subscribed over 0.6 times, and QIB was 0.00 respectively.
Details About Shanmuga Hospital IPO
Shanmuga Hospital got approval from SEBI for an IPO of around ₹20.62 crores. Shanmuga Hospital IPO is fully a fresh issue of ₹20.62 crores with a face value of Rs 10 each. Further, Shanmuga Hospital had a set price band between ₹54 Per Share.
In Shanmuga Hospital IPO 2000 shares were in 1 lot size for retail minimum and maximum category as well. Moreover, 4000 shares were in 2 lot sizes for the S-HNI category.
To invest in Shanmuga Hospital IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹1,08,000.
- SHNI (S-HNI): Minimum investment of ₹2,16,000.
Shanmuga Hospital IPO’s Subscription Duration
The opening date of the Shanmuga Hospital IPO was February 13, 2025, and the closing date was February 17, 2025. The IPO allotment date of Shanmuga Hospital IPO was February 18, 2025, and the investors will receive a refund on February 19, 2025. Whereas the listing date of Shanmuga Hospital IPO is scheduled for February 20, 2025.
Shanmuga Hospital IPO Funds Deployment
- The proceeds raised from the IPO will be utilized for the Funding of Capital Expenditure towards Purchase of Additional Medical Equipment
- The remaining funds will be allocated for the company’s General Corporate Purposes.
About Shanmuga Hospital Company
Shanmuga Hospital established in the year 2020 in Salem is a Multispecialty Hospital renowned for providing a complete range of products and services to the patients. The company offers advanced healthcare technology with a 151-bed capacity, always ready to meet its patient’s medical needs and serve all the nearby patients with extra consciousness. Shanmuga Hospital is engaged with providing a comprehensive range of services including Oncology, HDU, ED, Outpatient Consultations, CCU, ICU, NICU, Labour Room, Endoscopy, Neurosurgery, and Cardiac Care, X-Ray, Ultrasound, CT scan, MRI, and modular operation theatres. The company has established itself by providing high-quality healthcare products to its patients a affordable price rates making it one of the trustworthy companies. If we talk financially then, the revenue portion of FY 2024 was 43.04 crore which was substantial in contrast to the last two years, as well as H1 FY 2025 revenue is also 24. 62 crore respectively.
Financial Resort of the Shanmuga Hospital Company
In 2024, Shanmuga Hospital generated a revenue of ₹43.39 crore compared to ₹39.5 crore in 2023. Whereas in 2024, the company reported a profit of ₹5.26 crores compared to a profit of ₹4.76 crores in 2023.
