Shanmuga Hospital IPO: Check GMP, price band, subscription and other details

The SME IPO of Shanmuga Hospital will open for subscription on Thursday. The issue, which is entirely a fresh equity sale of 38.18 lakh shares, will be available for bidding till February 17.

Shanmuga Hospital plans to use the proceeds from the IPO for funding capital expenditure towards purchase of additional medical equipment and general corporate purposes.

Shanmuga Hospital IPO price band

The company has fixed a price band of Rs 54 per share, where investors can bid for 2000 shares in one lot.

Check Shanmuga Hospital GMP

The GMP of Maxvolt Energy Industries is currently Rs 8 in the unlisted market, indicating a premium of 15% over the issue price.

About Shanmuga Hospital IPO

Shanmuga Hospital, strategically established in Salem, Tamil Nadu, is a multi-speciality hospital equipped with advanced healthcare technology and having 151 bed capacity.

The company's medical facility encompasses a Oncology Unit, High Dependency Unit (HDU), Emergency Department (ED), Outpatient Consultation Services, Cardiac Care Unit (CCU), Intensive Care Unit (ICU), Neonatal Intensive Care Unit (NICU), Labour Room, Endoscopy Room, Neurosurgery Unit, and Cardiac Unit.

The diagnostic centre features advanced laboratory and imaging technologies such as X-Ray, Ultrasound, Computed Tomography (CT)
scan, Magnetic Resonance Imaging (MRI), and modular operational theatres. Providing extensive inpatient and outpatient care across various Medical and Surgical specialties, our facility is well-equipped to meet diverse healthcare needs.

The Indian Healthcare industry continued its healthy growth in 2023 and reached a value of $372 billion driven by both the private sector and the government, which provides the scope for company to capture growth opportunities in future.

Finshore Management Services is the book running lead manager to the issue while the registrar to the issue is Integrated Registry Management.

When is Shanmuga Hospital listing and allotment date

The share allotment for Shanmuga Hospital IPO is expected to be finalised on February 18 and the listing of shares will be on February 20. The equity shares are proposed to be listed on the BSE SME platform.

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