Shanmuga Hospital IPO Allotment Status

Summary

Shanmuga Hospital Limited, established in 2020, has emerged as a significant healthcare provider in Salem, Tamil Nadu. Operating from a 45,311-square-foot facility across two blocks and three floors, this NABH and NABL-accredited multispecialty hospital offers comprehensive medical services through its 151-bed facility. The hospital's strength lies in its experienced medical team of 72 doctors, including 9 resident doctors, 7 junior doctors, 28 senior consulting doctors, and 28 visiting consultants as of August 2024.

Shanmuga Hospital IPO comes with a total issue size of ₹20.62 crore, which is entirely a fresh issue of 38.18 lakh shares. The IPO opened on February 13, 2025, and closed on February 17, 2025. The allotment date for the Shanmuga Hospital IPO is expected to be finalized on Tuesday, February 18, 2025.

Steps to Check Shanmuga Hospital IPO Allotment Status on Registrar Site

• Visit the Integrated Registry Management Services Private Limited website
• Select "Shanmuga Hospital IPO" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Shanmuga Hospital IPO Allotment Status on BSE/NSE

• Navigate to the BSE SME IPO Allotment Status Page
• Choose "Shanmuga Hospital IPO" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Shanmuga Hospital IPO Subscription Status 

Shanmuga Hospital IPO received moderate investor interest, being subscribed 2.51 times overall. Here is a category-wise breakdown of the subscription as of 6:54:49 PM on February 17, 2025:

• Retail Category: 4.41 times
• Non-Institutional Investors (NII): 0.60 times

As of 6:54:49 PM

Utilization of IPO Proceeds 

The funds raised through the IPO will be utilized as follows:

• Capital Expenditure: Purchase of additional medical equipment
• General Corporate Purposes: Supporting various business initiatives

Shanmuga Hospital IPO - Listing Details 

The shares are scheduled to list on February 20, 2025, on BSE SME. The subscription rate of 2.51 times shows moderate investor interest in Shanmuga Hospital's business model and growth prospects. The company has shown steady performance with revenue of ₹24.83 crore and profit after tax of ₹2.39 crore for the period ended September 30, 2024. Their specialized equipment like LINAC, CATHLAB, and MRI, along with strong promoter experience and strategic partnerships with insurance companies, positions them well in the regional healthcare sector, though investors should note the competitive nature of the industry and the company's localized presence in Salem.