Shanmuga Hospital Limited IPO Allotment Status: Check Latest GMP, Steps To Verify Status

Bidding for the Shanmuga Hospital Limited IPO was open from February 13 to February 17, 2025. The basis of allotment will be finalised on February 18, 2025. If you have applied for the IPO, here’s how to check the allotment status. 

Step-by-Step Procedure to Check Shanmuga Hospital Limited IPO Allotment Status Online On BSE

• Click here to visit the application status page. 
• Select “Equity” in Issue Type. 
• In Issue Name, select “Shanmuga Hospital Limited.”
• Enter your “Application No.” or “PAN No.”
• Click on “I am not a Robot” and “Submit.”

IPO Details

Shanmuga Hospital Limited IPO is offering a fresh issue of 38.18 lakh shares, aggregating to Rs 20.62 crores. The price band is set at ₹54 per share, and the tentative listing date on BSE SME is Feb 20, 2025. 

Finshore Management Services Limited is the book-running lead manager, Integrated Registry Management Services Private Limited is serving as the registrar, and Black Fox Financial Private Limited is the market maker.

Use of Proceeds

The IPO proceeds will be used to allocate funds for capital expenditures, such as acquiring additional medical equipment and meeting general corporate requirements.

Shanmuga Hospital Limited IPO - Overall Subscription Status

(February 17, 2025, end of the day)

Shanmuga Hospital Limited IPO received a total subscription of 2.43x.

The retail category saw strong demand, with a subscription of 4.41x, while the Non-Institutional Investor (NII) segment recorded a subscription of 0.71x. However, there was no subscription from Qualified Institutional Buyers (QIBs). 

GMP (Grey Market Premium) Details

The GMP of Shanmuga Hospital Limited IPO stands at Rs 3 as of 18 February 2025. The estimated listing price is ₹57, and the gain/loss per share is 5.56%. 

Note: The Grey Market Premium (GMP) is not an official price and is based on market speculation.
Source: NDTV Profit dated February 18, 2024

Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market.

Shanmuga Hospital Limited Business Overview

Accredited by the National Accreditation Board for Hospitals and Healthcare Providers (NABH) and the National Accreditation Board for Testing and Calibration Laboratories (NABL, Shanmuga Hospital is a leading multispecialty hospital located in Salem, Tamil Nadu.  

The hospital is equipped with advanced medical technology and has a 151-bed capacity. Their state-of-the-art medical facility features key departments such as the Oncology Unit, High Dependency Unit (HDU), Neonatal Intensive Care Unit (NICU), Labour Room & Endoscopy Room, etc.

Shanmuga’s comprehensive healthcare services include preventive care, treatment, and rehabilitation. Their diagnostic Centre is well-equipped for services, including X-ray, Ultrasound, CT Scan, MRI, and modular operation theatres. 

Disclaimer: Investing in SME IPOs involves a high degree of risk. Such investments may be suitable only for investors with a high-risk tolerance and the ability to bear potential losses. Perform thorough due diligence and consult a financial advisor before investing. Invest wisely and at your own discretion.

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