The Shanmuga Hospital IPO opens for subscription on February 13, 2025, and closes on February 17, 2025. The allotment for the Shanmuga Hospital IPO is expected to be finalised on Tuesday, February 18, 2025. Incorporated in 2020, Shanmuga Hospital Limited is a multispecialty hospital equipped with advanced healthcare technology. With a 151-bed capacity, it addresses the community’s medical needs, serving patients from nearby regions. In this blog, we’ll uncover all the Shanmuga Hospital IPO details, financial performance, peer analysis, and risk factors.
Shanmuga Hospital IPO Important Dates
The key pointers for the Shanmuga Hospital IPO important dates are:
- Bidding Opening Date: February 13, 2025
- Bidding Closing Date: February 17, 2025
- Basis of Allotment Date: February 18, 2025
- Initiation of Refunds (in case of less or no allotment): February 19, 2025
- Shares Credited to Your Demat Account: February 19, 2025
- IPO Listing Date: February 20, 2025
- Listing on Exchange: BSE SME
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- 20 Lac+ unique clients
- 33+ Years of Serving
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Shanmuga Hospital Limited IPO Issue Size
Shanmuga Hospital IPO valuation is set at around ₹20.62 crores with just the fresh issue component.
Here are the important Shanmuga Hospital IPO details:
- Price Band: ₹54 per share
- Face Value: ₹10 per share
- Shanmuga Hospital IPO Lot Size: 2,000 Shares
- Issue Size and Amount: 38,18,000 shares (amounting to ₹20.62 Cr)
- Fresh Issue Size and Amount: 38,18,000 shares (amounting to ₹ 20.62 Cr)
Shanmuga Hospital IPO Proceeds Usage
Shanmuga Hospital Limited IPO proceeds will be used for the following purposes:
- The company focuses on investing in advanced medical equipment to enhance the hospital’s diagnostic and treatment capabilities. Upgrading technology will improve patient care, expand service offerings, and support overall operational efficiency.
- Funds allocated for general corporate purposes will be used to meet day-to-day operational expenses, manage working capital, repay debts if any, and support administrative activities, ensuring smooth business operations and future growth opportunities.
Shanmuga Hospital IPO Reservations
Shanmuga Hospital IPO reservations to different investors are:
- For Retail Investors: 50% of the net issue
- Other shares offered: 50% of the net issue
Shanmuga Hospital IPO Lot Size
Shanmuga Hospital IPO lot size is 2,000 shares, wherein bidding can be done in further multiples. The minimum and maximum of the lot size that each category of investor can apply in this IPO are:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,08,000 |
| Retail (Max) | 1 | 2000 | ₹1,08,000 |
| HNI (Min) | 2 | 4,000 | ₹2,16,000 |
Shanmuga Hospital IPO Details: Promoter Holding
The current promoters of Shanmuga Hospital Limited are:
- Dr. Panneerselvam Palaniappan Shanmugam
- Dr. Prabu Sankar Panneerselvam
- Dr. Priyadharshni Dhandapani
- Mrs. Jayalakshmi Panneerselvam
Shanmuga Hospital IPO: Company Overview
Established in 2020, Shanmuga Hospital Limited is a renowned multispecialty hospital based in Salem, Tamil Nadu. With 151 beds and cutting-edge medical technology, the hospital caters to the healthcare needs of the surrounding communities. The facility holds accreditations from both NABH and NABL, emphasizing its commitment to delivering high-quality healthcare services, including prevention, treatment, and rehabilitation.
Situated at 51/24 Saradha College Road, the hospital is 45,311 square feet across two blocks and three floors. It offers a range of IPD and OPD services with a skilled medical team. The hospital operates Shanmuga Pharmacy & Diagnostics for medication and pathology services and Shanmuga Clinics in Salem for specialized outpatient care.
Key services include Oncology, General Surgery, Orthopaedics, Cardiology, Neurology, Pediatrics & Neonatology, and more. As of August 31, 2024, the hospital employed 72 doctors, including resident, junior, senior consulting, and visiting consultants.
Competitive strengths include a strong oncology presence, over four decades of promoter experience, affordable care for regional populations, advanced equipment like LINAC, CATHLAB, MRI, and Modular OT, along with insurance tie-ups with both government and private insurers.
Shanmuga Hospital Limited IPO: Financial Performance
Shanmuga Hospital Limited key financials for different periods are as follows:
| Particulars | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | % Change (FY24 – FY23) |
|---|---|---|---|---|
| Assets | 36.53 | 33.92 | 23.05 | 47% |
| Revenue | 24.83 | 43.39 | 39.5 | 10% |
| Profit After Tax | 2.39 | 5.26 | 4.76 | 11% |
| Net Worth | 19.53 | 17.13 | 11.82 | 45% |
| Reserves and Surplus | 9.73 | 7.34 | 11.74 | -37% |
| Total Borrowing | 9.76 | 9.02 | 7.65 | 18% |
*Amount in ₹ Crore
WHY SMC
- 20 Lac+ unique clients
- 33+ Years of Serving
- Advance Technical Analysis
- Free Demat Account
Risk Factors in Shanmuga Hospital Limited IPO
The company is exposed to various risk factors that can eventually affect the business and investor perception.
- The company, its directors, promoters, and group companies are involved in legal cases. Any unfavourable rulings could negatively affect the business operations and financial health.
- With only a few years of operation since its incorporation in 2020, the company lacks an extensive track record, making it difficult for investors to evaluate its long-term growth prospects.
- The hospital heavily relies on doctors and nurses, many of whom are engaged on a consultancy basis. Failure to attract or retain skilled professionals could disrupt operations and affect financial performance.
- Orders for key medical equipment have yet to be placed. Any delays in procurement could increase costs and disrupt operational timelines.
- Revenue partly depends on government-sponsored health schemes. Policy changes, delays in patient payments, existing debt obligations, and past instances of negative cash flow or compliance delays may impact the company’s financial stability and growth.
Shanmuga Hospital Limited IPO Details: Contact Information
For inquiries related to the Shanmuga Hospital Limited IPO details, you can contact at the following places:
- Registered Office Address: 51/24, Saradha College Road, Salem – 636007, Tamil Nadu, India
- Phone: +91 427 2706674
- Email: cs@smrft.org
- Website: http://www.shanmugahospital.com/
Shanmuga Hospital IPO Registrar
Integrated Registry Management Services Private Limited
- Phone: 080-23460815
- Email: smeipo@integratedindia.in
For all the insights on Shanmuga Hospital IPO and detailed expert advice, you can download the SMC ACE App or visit the SMC telegram channels. Take smart decisions and apply for this IPO easily on the SMC ACE App by opening demat account now.
Frequently Asked Questions – FAQs
1. What are the open and close dates of the Shanmuga Hospital Ltd IPO?
The open and close dates of the company are 13 February, 2025 to 17 February, 2025.
2. When is Shanmuga Hospital allotment?
The allotted shares will be credited to your demat account by Wednesday, February 19, 2025, following the completion of the Basis of Allotment for the Shanmuga Hospital IPO on Tuesday, February 18, 2025.
3. What is the lot size and minimum order quantity of the Shanmuga Hospital Ltd IPO?
An application must have a minimum lot size of 2,000. Retail investors must make a minimum investment of ₹1,08,000. For HNI, the minimum lot size investment is two lots (4,000 shares), or ₹2,16,000.
4. Who is the registrar of Shanmuga Hospital IPO?
Integrated Registry Management Services Private Limited is the registrar of Shanmuga Hospital IPO.
Reference:
https://shanmugahospital.com/policy-documents/Prospectus.pdf
Author: All Content is verified by SMC Global Securities.
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