The Shanmuga Hospital IPO is set to open for subscription on February 13, 2025, and will close on February 17, 2025. The allotment is expected to be finalized on February 18, 2025, and the IPO is scheduled to list on BSE SME on February 20, 2025.
This is a Fixed Price Issue IPO, with the company aiming to raise ₹20.62 crores through a fresh issue of 38.18 lakh shares at a fixed price of ₹54 per share. The IPO has a 50% retail quota and a 50% HNI quota, while the QIB quota details are yet to be updated.
For investors, the minimum lot size is 2,000 shares, requiring a minimum investment of ₹1,08,000 for retail participants. High Net-Worth Individuals (HNIs) must apply for at least 2 lots (4,000 shares), which amounts to an investment of ₹2,16,000. The company has shown consistent financial growth, reporting a revenue of ₹43.39 crores in 2024, up from ₹39.5 crores in 2023. Its net profit also increased from ₹4.76 crores in 2023 to ₹5.26 crores in 2024, reflecting a positive trajectory.
Given the company’s strong financials and growth potential, the IPO may appeal to long-term investors. However, as with any investment, market conditions and individual risk tolerance should be considered before making a decision.
Overview of Contents
Shanmuga Hospital IPO Overview
| Particulars | Details |
|---|---|
| IPO Open Date | February 13, 2025 |
| IPO Close Date | February 17, 2025 |
| Listing Date | [To be updated] |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per share |
| IPO Price | ₹54 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 38,18,000 shares (₹20.62 Crores) |
| Fresh Issue | 38,18,000 shares (₹20.62 Crores) |
| Retail Investor Quota | Not more than 50% |
| NII (HNI) Quota | Not more than 50% |
| Market Maker Portion | 1,92,000 shares |
| Pre-Issue Shareholding | 97,95,000 shares |
| Post-Issue Shareholding | 1,36,13,000 shares |
| Listing Exchange | BSE SME |
| DRHP | Click here |
| RHP | Click here |
Shanmuga Hospital IPO Lot Size & Investment
| Investor Category | Lots | Total Shares | Investment Amount |
|---|---|---|---|
| Retail - Minimum | 1 | 2,000 | ₹1,08,000 |
| Retail - Maximum | 1 | 2,000 | ₹1,08,000 |
| HNI - Minimum | 2 | 4,000 | ₹2,16,000 |
Shanmuga Hospital IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | Thursday, February 13, 2025 |
| IPO Close Date | Monday, February 17, 2025 |
| UPI Mandate Confirmation Deadline | 5 PM on February 17, 2025 |
| Basis of Allotment Finalization | Tuesday, February 18, 2025 |
| Refund Initiation | Wednesday, February 19, 2025 |
| Shares Credited to Demat Accounts | Wednesday, February 19, 2025 |
| Listing Date on BSE SME | Thursday, February 20, 2025 |
Shanmuga Hospital IPO Promoter Holding
The promoters of Shanmuga Hospital IPO include Dr. Panneerselvam Palaniappan Shanmugam, Dr. Prabu Sankar Panneerselvam, Dr. Priyadharshni Dhandapani, and Mrs. Jayalakshmi Panneerselvam.
| Details | Percentage |
|---|---|
| Pre-Issue Shareholding | 100.00% |
| Post-Issue Shareholding | 71.95% |
Shanmuga Hospital IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
About Shanmuga Hosptial IPO
Shanmuga Hospital Limited, established in 2020, is a multispecialty hospital located in Salem, Tamil Nadu, with a 151-bed capacity and state-of-the-art healthcare technology. Spanning 45,311 sq. ft., the hospital provides IPD and OPD services across two blocks and three floors. It is NABH and NABL accredited, ensuring high standards in medical care, including prevention, treatment, and rehabilitation.
The hospital operates Shanmuga Pharmacy & Diagnostics, offering essential medications and reliable pathology services, along with Shanmuga Clinics, which provide specialized consultations in Salem. Key medical services include Oncology, Cardiology, General Surgery, Orthopaedics, Paediatrics, Neurology, Endocrinology, Plastic Surgery, and Respiratory Medicine.
As of August 31, 2024, Shanmuga Hospital had 72 doctors, comprising Resident, Junior, Senior Consulting, and Visiting Doctors. Its competitive strengths include a strong Oncology presence, over four decades of promoter experience, affordable healthcare for the regional population, advanced medical equipment like LINAC, CATHLAB, MRI, and Modular OT, and tie-ups with government and private insurance companies.
Objects of the Issue
- Funding Capital Expenditure towards Purchase of additional Medical Equipment
- General Corporate Purposes
Shanmuga Hospital Limited Financial Performance
Shanmuga Hospital Limited has shown consistent financial growth, with increasing assets, revenue, and net worth over the years. The company reported a profit of ₹5.26 crore in FY 2024, up from ₹4.76 crore in FY 2023. Below is the restated standalone financial summary of the company.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Revenue (₹ Cr) | 24.83 | 43.39 | 39.5 | 41.47 |
| Profit After Tax (₹ Cr) 📈 | 2.39 | 5.26 | 4.76 | 6.72 |
| Assets (₹ Cr) | 36.53 | 33.92 | 23.05 | 10.65 |
| Net Worth (₹ Cr) | 19.53 | 17.13 | 11.82 | 7.06 |
| Reserves & Surplus (₹ Cr) | 9.73 | 7.34 | 11.74 | 6.98 |
| Total Borrowing (₹ Cr) | 9.76 | 9.02 | 7.65 | — |
Shanmuga Hospital IPO Valuation – FY2024
| Metric | Value |
|---|---|
| Return on Capital Employed (ROCE) | 35.89% |
| Return on Equity (ROE) | 30.71% |
| Return on Net Worth (RoNW) | 30.71% |
| EBITDA Margin | 19.61% |
| Profit After Tax (PAT) Margin | 12.13% |
| Debt-to-Equity Ratio | 0.53 |
| Earnings Per Share (EPS) (Basic) | ₹5.37 |
| Price-to-Earnings (P/E) Ratio | 10.06 |
| Net Asset Value (NAV) per Share | ₹17.49 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Asarfi Hospital Limited | 2.33 | 37.77 | 5.98% | 35.81 | 84.40 Cr. |
| Family Care Hospitals Limited | 2.32 | 2.59 | 21.50% | 10.81 | 40.01 Cr. |
| Aashka Hospitals Limited | 1.01 | 98.37 | 2.45% | 41.20 | 22.87 Cr. |
Shanmuga Hospital IPO Review
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Shanmuga Hospital IPO Registrar
Integrated Registry Management Services Private Limited
Phone: 044 – 28140801 to 28140803
Email: smeipo@integratedindia.in
Website: https://www.integratedregistry.in/RegistrarsToSTA.aspx?OD=1
IPO Lead Managers aka Merchant Bankers
- Finshore Management Services Limited
Company Address
Shanmuga Hospital Limited
51/24,
Saradha College Road,
Salem, 636007
Phone: +91 427 2706674
Email: cs@smrft.org
Website: http://www.shanmugahospital.com/
Shanmuga Hospital IPO FAQs
When does the Shanmuga Hospital IPO open and close?
The IPO opens on February 13, 2025, and closes on February 17, 2025.
What is the IPO price and lot size?
The issue price is ₹54 per share, with a lot size of 2,000 shares.
What is the total issue size of the IPO?
The IPO consists of a fresh issue of 38.18 lakh shares, aggregating ₹20.62 crores.
Where will the Shanmuga Hospital IPO be listed?
The IPO will be listed on BSE SME on February 20, 2025.
What is the retail and HNI quota?
Retail investors have a 50% allocation, and HNIs have 50% allocation.
