IPO Details
Bidding Dates
13 Feb '25 - 17 Feb '25
Minimum Investment
₹1,08,000 / 1 Lot (2000 Shares)
Price Range
₹54
Maximum Investment
₹1,08,000 / 1 Lot (2000 Shares)
Retail Discount
To be announced
Issue Size
₹20.62 Cr
Investor category and sub category
Retail Individual Investors (RII) | Non-institutional Investors (NII) |Shanmuga Hospital IPO Important Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Feb 13, 25
IPO Closing Date
Feb 17, 25
Basis of Allotment
Feb 18, 25
Initiation of Refunds
Feb 19, 25
IPO Listing Date
Feb 20, 25
Shanmuga Hospital IPO Subscription Details
| Date | NII | Retail | Total |
|---|---|---|---|
|
Day 1Feb 12, 2025 |
0.17 | 0.96 | 0.57 |
About Shanmuga Hospital IPO
Shanmuga Hospital IPO is a fixed price issue valued at ₹20.62 crore. It is a 100% fresh issue of 38.18 lakh shares. It opened for subscription on February 13, 2025, and is closing soon on February 17, 2025. The allotment is expected to be finalised on February 18, 2025, with a tentative listing date of February 20, 2025, on the BSE SME platform.
The IPO price is set at a price of ₹54 per share. Retail investors need a minimum investment of ₹1,08,000 for one lot of 2000 Shares, while HNI investors must invest in at least 2 lots, amounting to ₹2,16,000.
Finshore Management Services Limited is the book-running lead manager for this issue, while Integrated Registry Management Services Private Limited serves as the registrar. Black Fox Financial Private Limited is the market maker.
For detailed financial and operational information, investors can refer to the Shanmuga Hospital IPO RHP. This IPO presents an opportunity to invest in a growing enterprise listed on the BSE SME platform.
Industry Outlook
- The Indian healthcare industry continues to expand, reaching a market size of USD 372 billion in 2023, driven by growing demand for quality medical services and government initiatives. India's healthcare sector is among the country's largest employers, with over 7.5 lakh professionals, and advancements in telemedicine and data analytics are expected to create 2.7-3.5 lakh new jobs in the coming years.
- The Indian hospital market, valued at USD 98.98 billion in 2023, is projected to grow at a CAGR of 8% from 2024 to 2032, reaching approximately USD 193.59 billion. This growth is fueled by rising healthcare awareness, an ageing population, and increasing health insurance penetration.
Shanmuga Hospital IPO Objectives
The company proposes to utilise the net proceeds from the IPO for the following objectives:
- Funds will be used to enhance hospital facilities and upgrade medical services in Salem, Tamil Nadu.
- Investment in cutting-edge technology to improve diagnostics, treatment accuracy, and patient care.
- Strengthening departments like oncology, cardiology, and intensive care to meet growing healthcare demands.
- Enhancing MRI, CT scans, and digital pathology for improved medical assessments and treatment.
- Optimising operational efficiency, workflow management, and patient service turnaround time through automation and digital solutions.
- Supporting financial flexibility and ensuring long-term sustainability of hospital operations.
- Expanding reach in South India by improving service quality and adopting advanced treatment methodologies.
About Shanmuga Hospital Limited
Shanmuga Hospital Limited was originally incorporated as a private limited company on June 26, 2020, under the name "Shanmuga Hospital Private Limited" and later converted into a public limited company on June 6, 2024.
The hospital is strategically located at 51/24, Saradha College Road, Salem, Tamil Nadu, with a total area of approximately 45,311 square feet.
It operates as a multispecialty hospital, offering advanced medical care across various specialities, including oncology, cardiology, neurosurgery, and critical care.
The hospital is accredited by the National Accreditation Board for Hospitals and Healthcare Providers (NABH) and the National Accreditation Board for Testing and Calibration Laboratories (NABL), ensuring high-quality healthcare standards.
Its medical infrastructure includes a 151-bed capacity, advanced diagnostic and imaging facilities, modular operation theatres, and specialised intensive care units.
The company operates additional healthcare units, including Shanmuga Pharmacy & Diagnostics and Shanmuga Clinics, to extend medical services across the Salem region.
The hospital collaborates with reputed medical specialists and is empanelled with various government health schemes, including ESIC, Railway Hospital, and ECHS, to provide treatment to a wider patient base.
Through its IPO, Shanmuga Hospital Limited aims to enhance its medical infrastructure, invest in advanced healthcare technology, and expand its reach to solidify its position as a leading healthcare provider in South India.
How To Check the Allotment Status of the Shanmuga Hospital IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for Shanmuga Hospital IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Shanmuga Hospital IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Shanmuga Hospital IPO
Registered office: Shanmuga Hospital Limited, 51/24, Saradha College Road, Salem, Tamil Nadu, 636007, India.
Phone: +91 427 2706674
E-mail: cs@smrft.org
Shanmuga Hospital IPO Reservation
|
Investor Category |
Shares Offered |
|
Anchor Investor |
- |
|
Market Maker |
1,92,000 (5.03%) |
|
Other Shares |
18,13,000 (47.49%) |
|
Retail Shares |
18,13,000 (47.49%) |
Shanmuga Hospital IPO Lot Size
|
Application |
Lots |
Shares |
Amount |
|
Retail (Min) |
1 |
2000 |
₹1,08,000 |
|
Retail (Max) |
1 |
2000 |
₹1,08,000 |
|
HNI (Min) |
2 |
4000 |
₹2,16,000 |
Shanmuga Hospital IPO Promoter Holding
Dr. Panneerselvam Palaniappan Shanmugam, Dr. Prabu Sankar Panneerselvam, Dr. Priyadharshni Dhandapani, and Mrs. Jayalakshmi Panneerselvam are the promoters of the company.
|
Share Holding Pre-Issue |
100.00% |
|
Share Holding Post Issue |
71.95% |
Key Performance Indicators for Shanmuga Hospital IPO
As of March 31, 2024, the market capitalisation of Shanmuga Hospital's IPO is ₹73.51 crore. Here are the KPIs of Shanmuga Hospital:
|
KPI |
Value |
|
RoNW (%) |
30.71 |
|
RoCE (%) |
35.89 |
|
EBITDA Margin (%) |
19.61 |
|
PAT Margin (%) |
12.13 |
Price Metrics
|
Metric |
Pre-IPO |
Post-IPO |
|
EPS (₹) |
5.37 |
4.75 |
|
P/E (x) |
10.05 |
11.36 |
Note: The Pre IPO EPS is calculated based on pre-issue shareholding as of the date of RHP and the latest FY earnings as of March 31, 2024, that is available in RHP.
The post-issue EPS is calculated based on the post-issue shareholding and annualised FY earnings of September 30, 2024, that are available in RHP.
Shanmuga Hospital IPO Prospectus
Shanmuga Hospital IPO Registrar and Lead Managers
Shanmuga Hospital IPO Lead Managers
- Finshore Management Services Limited
Registrar for Shanmuga Hospital IPO
Integrated Registry Management Services Private Limited
- Contact Number: 044 - 28140801
- Email Address:smeipo@integratedindia.in
Shanmuga Hospital IPO Registrar
Financial Performance of Shanmuga Hospital Limited
| Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 | Year ending on March 31, 2022 |
|---|---|---|---|
| Revenue from operations (in ₹ lakh) | 4,303.74 | 3,934.47 | 4,138.20 |
| PAT (in ₹ lakh) | 526.15 | 476.22 | 671.82 |
| EBITDA (in ₹ lakh) | 850.87 | 727.63 | 900.77 |
| RONW (%) | 30.71 | 40.28 | 95.16 |
| ROCE (%) | 35.89 | 42.72 | 125.69 |
| Debt Equity Ratio (x) | 0.53 | 0.65 | - |
| Total Income (in ₹ lakh) | 4,338.78 | 3,949.56 | 4,147.10 |
Know before investing
Strengths
8-
Established healthcare provider with a strong presence in Salem, Tamil Nadu, offering multispecialty medical services.
-
Accredited by NABH and NABL, ensuring high-quality healthcare standards and patient safety.
-
Advanced medical infrastructure, including a 151-bed capacity, modular operation theatres, and specialised intensive care units.
-
Strong oncology, cardiology, and critical care departments with experienced medical professionals.
-
Empanelled with government schemes such as ESIC, Railway Hospital, and ECHS, ensuring a steady patient inflow.
-
Expansion plans include upgrading medical technology and increasing hospital capacity using IPO proceeds.
-
Rising healthcare demand in India, driven by increasing health awareness, insurance penetration, and medical tourism.
-
Government initiatives and healthcare policies provide long-term growth opportunities in the sector.
Risks
8-
Intense competition from established hospitals and healthcare providers in Salem and surrounding regions.
-
Dependence on key medical professionals, with any attrition potentially impacting service quality and patient trust.
-
Regulatory risks, including strict healthcare compliance requirements and the need for timely approvals.
-
Delayed payments from government health schemes, insurance companies, or corporate clients may affect cash flow.
-
Rising operational costs, including medical equipment, skilled labour, and infrastructure maintenance, impacting profitability.
-
Potential reputational risks due to medical malpractice claims or negative patient feedback.
-
Risk of inefficient utilisation of IPO proceeds affecting planned expansion and financial stability.
-
Economic slowdowns or changes in government healthcare policies may impact patient demand and revenue growth.
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Shanmuga Hospital Limited Peer Details Comparison
| Company Name | EBITDA Margin (%) | PAT Margin (%) | Return on Net Worth (%) | Growth (%) |
|---|---|---|---|---|
| Shanmuga Hospital Limited | 19.61 | 12.13 | 30.71 | 9.85 |
| Asarfi Hospital Limited | 18.22 | 4.89 | 5.98 | 17.85 |
| Family Care Hospitals Limited | 15.39 | 29.05 | 21.50 | 0.39 |
| Aashka Hospitals Limited | 15.24 | 8.70 | 2.45 | 22.86 |
Shanmuga Hospital IPO FAQs
Shanmuga Hospital IPO is a fixed price issue IPO. It will be open from February 13, 2025, to February 17, 2025.
The Basis of Allotment will happen on Tuesday, February 18, 2025.
The IPO subscription window will open on February 13, 2025.
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 2000 shares.
The listing date for Shanmuga Hospital Limited is Thursday, February 20, 2025.
The issue size of the Shanmuga Hospital IPO is up to ₹20.62 crores, consisting of a 100% fresh issue of 38.18 lakh shares.
The open and close dates for Shanmuga Hospital IPO are from February 13, 2025, to February 17, 2025.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
- Multiple Submissions: Use different Demat accounts to make multiple applications.
- Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
- Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
To read Shanmuga Hospital’s financial statements, download the IPO’s RHP document.
Pre-apply allows investors to apply for the Shanmuga Hospital IPO two days before the subscription period opens, ensuring an early submission of your application.
Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.
You will receive a notification once your order is successfully placed with the exchange after the bidding starts.
Integrated Registry Management Services Private Limited is the registrar responsible for managing the IPO allotment process and handling investor queries.
Shanmuga Hospital Limited IPO is proposed to be listed on the SME platform of the Bombay Stock Exchange (BSE).
