Shanmuga Hospital Limited (BSE SME)

Feb 13, 2025 - Feb 17, 2025

Premium	₹3
Price	₹54 - ₹54
Lot size	2000
Allotment	Feb 18, 2025
Listing	Feb 21, 2025

Category	Lot(s)	Qty	Amount	Reserved
Retail	1	2000	108000	907
HNI	2	4000	216000	906

Last updated on 17-Feb-2025 18:52:02

Category	Offered	Applied	Times
HNIs	1812000	1286000	0.71
Retail	1814000	7994000	4.41
Total	3626000	9280000	2.56
Total Applications: 6563

HNI Interest Cost Per Share (7 Days)
@7% ₹0.1	@8% ₹0.1	@9% ₹0.1	@10% ₹0.1	@11% ₹0.1	@12% ₹0.1

About

IPO Reservation

Category	Shares Offered	No. of Shares
Retail	47.50%	1814000
Other	47.50%	1812000
Market Maker	5.00%	192000
Total No. of Shares	100%	3818000

Shanmuga Hospital IPO Details

Issue Size	38,18,000 shares (aggregating up to ₹20.62 Cr)
Fresh Issue	38,18,000 shares (aggregating up to ₹ 20.62 Cr)
Issue Type	Fixed Price Issue IPO
Listing At	BSE SME
Share Holding Pre Issue	97,95,000 shares
Share Holding Post Issue	1,36,13,000 shares
Market Maker Portion	1,92,000 shares
Market Maker	Black Fox Financial

Key Performance Indicator

KPI	Sep-24	Mar-24	Mar-23
ROE	12.25%	30.71%	40.28%
ROCE	15.09%	35.89%	42.72%
D/E	0.5	0.53	0.65
RONW	12.25%	30.71%	40.28%
EPS (basic)	2.44	5.37	4.9
P/E Pre IPO		10.05
P/E Post IPO	11.36

Company Financials In Crores

Period Ended	Sep-24	Mar-24	Mar-23	Mar-22
Assets	37	34	23	11
Revenue	25	43	40	41
Profit After Tax	3	5	5	7
Net Worth	20	17	12	7
Reserves and Surplus	10	7	12	7
Total Borrowing	10	9	8

About Company

Incorporated in 2020, Shanmuga Hospital Limited is a NABH and NABL-accredited multispecialty hospital in Salem, Tamil Nadu, offering high-quality healthcare services across prevention, treatment, and rehabilitation. With a 151-bed capacity and advanced medical technology, the hospital spans 45,311 sq. ft. across two blocks and three floors at 51/24 Saradha College Road, providing both IPD and OPD services. It operates Shanmuga Pharmacy & Diagnostics, supplying medications and pathology services, and Shanmuga Clinics, offering specialized consultations with critical patient transfers to the main hospital when needed. The hospital provides services in Oncology, General Surgery, Orthopaedics, Cardiology, General Medicine, Paediatrics & Neonatology, Neurology, Endocrinology & Diabetes, Plastic Surgery, and Respiratory Medicine. As of August 31, 2024, Shanmuga Hospital had 72 doctors, including 9 Resident Doctors, 7 Junior Doctors, 28 Senior Consulting Doctors, and 28 Consulting Visiting Doctors, ensuring comprehensive medical care for the community

Lead Manager(s)

Finshore Management Services Limited

Strength

Strong Oncology Presence – Offers specialized cancer care with advanced treatment facilities, enhancing its reputation in the region.

Experienced Promoters – Backed by over four decades of healthcare expertise, ensuring strong leadership and strategic growth.

Affordable Healthcare – Provides cost-effective medical services, making quality treatment accessible to the regional population.

Weakness

Legal Proceedings – Ongoing legal cases involving the company, directors, promoters, and group entities could negatively impact operations and financial stability if rulings are unfavorable.

Limited Operating History – With a short track record since 2020, investors may find it challenging to evaluate the company's long-term growth and financial performance.

Dependence on Healthcare Professionals – The hospital relies heavily on doctors and nurses, many on a consultancy basis, and any difficulty in attracting or retaining them could affect business operations and service quality.

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