Shanmuga Hospital IPO - Day 3 Subscription at 1.29 Times

Shanmuga Hospital's initial public offering (IPO) has demonstrated steady progress through its three-day subscription period. The ₹20.62 crore IPO has shown consistent growth in demand, with subscription rates advancing from 0.65 times on day one, improving to 1.24 times on day two, and reaching 1.29 times by 10:04 AM on the final day, reflecting measured investor interest in this multispecialty healthcare provider.

The retail segment has emerged as the strongest performer, with their portion achieving 2.33 times subscription, indicating significant confidence from individual investors in the company's regional healthcare model. This robust retail participation is particularly noteworthy given the hospital's strategic location in Salem, Tamil Nadu, and its established presence in the local healthcare ecosystem with a 151-bed capacity facility.
 

The overall response to Shanmuga Hospital IPO has gathered moderate momentum, with total applications reaching 3,526. The cumulative bid amount of ₹25.17 crores against the issue size of ₹20.62 crores demonstrates balanced investor interest, while the Non-Institutional Investors (NII) segment shows more cautious participation at 0.24 times subscription, reflecting a measured evaluation of this regional healthcare investment opportunity.

Subscription Status of Shanmuga Hospital IPO:

Here are the subscription details for Shanmuga Hospital IPO as of Day 3 (February 17, 2025, 10:04 AM):

Note:
 

• "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
• The portions of anchor investors and market maker are not included in the total shares offered.

Shanmuga Hospital IPO - Day 3 Subscription

Key Highlights:

• Overall subscription reaching 1.29 times demonstrating steady progress
• Retail investors leading with strong 2.33 times subscription, showing confidence in regional healthcare model
• NII segment maintaining consistent level at 0.24 times subscription
• Total applications reaching 3,526, indicating focused retail participation
• Cumulative bid amount reaching ₹25.17 crores against ₹20.62 crore issue size
• Strong retail momentum with bids worth ₹22.80 crores
• Market response reflecting measured evaluation of healthcare sector opportunity
• Final day witnessing continued retail interest
• Local market presence attracting regional investors
• Healthcare sector expertise driving investor confidence
• Total subscription indicating balanced market approach
• Specialized hospital services drawing investor attention
• Regional healthcare focus resonating with retail investors
• Subscription pattern reflecting strategic evaluation

Shanmuga Hospital IPO - Day 2 Subscription at 1.24 Times

Key Highlights:

• Overall subscription improving to 1.24 times showing steady growth
• Retail investors demonstrating increased confidence at 2.25 times
• NII segment showing measured participation at 0.24 times
• Day two maintaining consistent momentum
• Market response indicating growing retail interest
• Subscription trends showing focused approach
• Healthcare sector experience driving participation
• Strong retail segment momentum continuing
• Regional market potential attracting investors
• Second day building on opening response
• Measured evaluation by institutional investors
• Specialized services drawing investor attention
• Local market presence supporting subscription
• Healthcare sector expertise reflected in interest

Shanmuga Hospital IPO - Day 1 Subscription at 0.65 Times

Key Highlights:

• Overall subscription opening at 0.65 times showing steady start
• Retail investors beginning strongly at 1.11 times
• NII segment showing initial interest at 0.19 times
• Opening day demonstrating balanced response
• Initial momentum indicating market confidence
• Early subscription reflecting sector potential
• First day setting stable foundation
• Market response suggesting measured approach
• Healthcare expertise driving initial interest
• Day one establishing steady pace
• Regional presence attracting local investors
• Opening momentum building gradually
• Initial response showing focused evaluation
• First day indicating strategic approach

About Shanmuga Hospital Limited

Shanmuga Hospital Limited, established in 2020, has emerged as a significant healthcare provider in Salem, Tamil Nadu, operating a 151-bed multispecialty hospital equipped with advanced medical technology. The facility spans 45,311 square feet across two blocks and three floors, offering comprehensive inpatient and outpatient services through a team of 72 doctors, including specialists across various medical disciplines.

Their operational model demonstrates commitment to healthcare excellence through NABH and NABL accreditations, offering specialized services across multiple departments including Oncology, General Surgery, Orthopaedics, Cardiology, and more. The hospital's integrated approach includes Shanmuga Pharmacy & Diagnostics for medication and pathology services, along with Shanmuga Clinics for specialized consultations, creating a comprehensive healthcare ecosystem.

Their financial performance shows steady growth with revenue of ₹43.39 crores in FY2024 and profit after tax of ₹5.26 crores. For the six months ended September 30, 2024, the company reported revenue of ₹24.83 crores with a PAT of ₹2.39 crores, demonstrating consistent operational performance in the regional healthcare sector.

Their competitive strengths include:

• Strong presence in Oncology services
• Four decades of promoter experience
• Cost-effective healthcare delivery
• Advanced medical equipment
• Strategic regional presence
• Insurance company partnerships
• Comprehensive medical services
• Experienced medical team
• Quality accreditations
• Integrated healthcare model
   

Highlights of the Shanmuga Hospital IPO:

• IPO type: Fixed Price Issue IPO
• IPO size: ₹20.62 crores
• Fresh Issue: 38.18 lakh shares
• Face value: ₹10 per share
• Issue price: ₹54 per share
• Lot size: 2,000 shares
• Minimum investment for retail investors: ₹1,08,000
• Minimum investment for HNI: ₹2,16,000 (2 lots)
• Market maker reservation: 1,92,000 shares
• Listing at: BSE SME
• IPO opens: February 13, 2025
• IPO closes: February 17, 2025
• Allotment date: February 18, 2025
• Refund initiation: February 19, 2025
• Credit of shares: February 19, 2025
• Listing date: February 20, 2025
• Lead Manager: Finshore Management Services Limited
• Registrar: Integrated Registry Management Services Private Limited
• Market Maker: Black Fox Financial Private Limited