Shanmuga Hospital IPO Live
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Schedule of Shanmuga Hospital
| Issue open date | 13 Feb 2025 |
| Issue close date | 17 Feb 2025 |
| UPI mandate deadline | 17 Feb 2025 (5 PM) |
| Allotment finalization | 18 Feb 2025 |
| Refund initiation | 19 Feb 2025 |
| Share credit | 19 Feb 2025 |
| Listing date | 20 Feb 2025 |
| Mandate end date | 04 Mar 2025 |
| Lock-in end date for anchor investors (50%) | 20 Mar 2025 |
| Lock-in end date for anchor investors (remaining) | 19 May 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Shanmuga Hospital
Shanmuga Hospital Limited, established in 1981 as a sole proprietorship in Salem, Tamil Nadu, was later incorporated as Shanmuga Hospital Private Limited in 2020. Over the years, it has grown into a multispecialty hospital, offering a broad range of medical services with specialties in oncology, cardiac care, critical care, and surgical procedures.
With 151 beds, the facility includes an Oncology Unit, Intensive Care Unit (ICU), Neonatal ICU (NICU), Emergency Department (ED), High Dependency Unit (HDU), and advanced diagnostic and imaging services such as MRI, CT scan, and X-ray. The hospital is NABH and NABL accredited, ensuring high standards of healthcare.It continues to expand its facilities and enhance its capabilities, solidifying its position as a leading regional healthcare provider.
Financials of Shanmuga Hospital
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹20.62 crores |
| Fresh Issue | ₹20.62 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital Expenditure | 14.53 (70.45%) |
| Issue related expenses | 2.26 (10.96%) |
| General corporate purposes | 3.83 (18.59%) |
Strengths
- Strong oncology department with advanced treatment technology.
- Promoters have over four decades of healthcare experience.
- Affordable healthcare services for the regional population.
- Cutting-edge medical equipment including LINAC, MRI.
- Strategic tie-ups with government and insurance companies.
Risks
- Legal proceedings could impact business operations and reputation.
- High dependency on key personnel and specialists.
- Regulatory changes may impact profitability and operations.
- Competition from other hospitals and healthcare providers.
- Operational risks due to medical equipment failures.
- Failure to maintain service quality may harm reputation.
Allotment Status for Shanmuga Hospital
To check your allotment status – click here.