Shanmuga Hospital came to market through an SME IPO that opened on 13 February 2025 and closed on 17 February 2025, and the shares listed on 21 February 2025 on BSE SME. The price band was ₹54 per share and one lot was 2000 shares, so the minimum application was ₹1,08,000. The issue size was ₹20.62 crore. The whole issue was fresh shares, so the money raised went to the company.
Integrated Registry Management Services Private Limited was the registrar to the issue, and Finshore Management Services Limited was the lead manager.
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Shanmuga Hospital Limited is a Multispecialty Hospital, incorporated in 2020. Shanmuga Hospital is equipped with advanced healthcare technology and having 151 bed capacity, it addresses the community's medical needs, serving patients from nearby regions. Accredited by NABH and NABL, the hospital is dedicated to providing high-quality healthcare services, including prevention, treatment, and rehabilitation. The hospital is situated at 51/24 Saradha College Road, Salem, Tamil Nadu.
It occupies 45,311 square feet area spread across two blocks with three floors offering IPD and OPD facilities with a team of dedicated professionals. On 31st August 2024, the total number of doctors in the hospital was 72, out of which 9 were Resident Doctors, 7 Junior Doctors, 28 Senior Consulting Doctors, and 28 Consulting Visiting Doctors.
As described in the offer document.
| Metric | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
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Dr. Panneerselvam Palaniappan Shanmugam, Dr. Prabu Sankar Panneerselvam, Dr. Priyadharshni Dhandapani, Mrs. Jayalakshmi Panneerselvam. Promoter holding 100% before the issue and 71.95% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Shanmuga Hospital IPO was a ₹20.62 crore fixed-price issue, made up entirely of a fresh issue. It was priced at ₹54 per share with a lot size of 2,000 shares (₹1,08,000). The IPO was open from February 13 to February 17, 2025. Shares listed on BSE SME on February 21, 2025 at ₹54, in line with the issue price of ₹54. Integrated Registry Management Services Private Limited is the registrar. Finshore Management Services Limited is the book running lead manager.
The issue price of Shanmuga Hospital IPO is ₹54 per share (fixed price).
The lot size of Shanmuga Hospital IPO is 2000 shares.
The minimum investment for Shanmuga Hospital IPO is approximately ₹1,08,000 based on the issue price.
The allotment date of Shanmuga Hospital IPO is Feb 18, 2025.
Shanmuga Hospital IPO's final recorded GMP before listing was ₹2 per share (a 4% premium over the ₹54 upper price band). The shares listed at ₹54. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check Shanmuga Hospital IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Shanmuga Hospital IPO allotment status on Rupix for quick and easy access.
₹54 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 2000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,08,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,08,000, for one lot of 2000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 13 February 2025 and closed on 17 February 2025.
The basis of allotment was published on 18 February 2025 by Integrated Registry Management Services Private Limited, and allotted shares were credited to demat accounts before listing.
The shares listed on 21 February 2025 on BSE SME.
The issue size was ₹20.62 crore. The fresh issue was 38,18,000 shares (aggregating up to ₹20.62 crore).