Shanmuga Hospital IPO allotment: How to check status online on BSE, Integrated Registry Management Services

Shanmuga Hospital IPO allotment status is scheduled to be finalised on Tuesday, February 18, after the public offer closed with a decent subscription. The initial public offering of the multispecialty hospital closed for bidding on February 17.

The company launched its IPO on the BSE SME platform on February 13 to raise ₹20.62 crore from the primary market.

The investors awaiting the finalisation of IPO share allotment status can check details on the BSE. The bid finalisation details can also be checked on the portal of the issue registrar, Integrated Registry Management Services Pvt Ltd.

The BSE SME IPO attracted bids for 92.56 lakh shares against 36.26 lakh shares on offer, leading to an overall subscription of 2.55 times.

The Non-Institutional Investors (NIIs) booked 70% of their allocated quota of 18.13 lakh shares. The NIIs submitted bids for 12.86 lakh shares. The retail portion of the IPO was subscribed 4.4 times with bids for 79.7 lakh shares against 18.13 lakh shares on offer.

Steps to check Shanmuga Hospital IPO allotment status on the BSE website:

• Visit the BSE IPO allotment status page at: https://www.bseindia.com/investors/appli_check.aspx
• Click on ‘equity’ as the issue type out of two options
• Select Shanmuga Hospital Ltd from the list of IPO names
• Enter your Application Number and PAN details
• Click ‘Submit’ to view the IPO share allocation details

Shanmuga Hospital IPO allotment status check on Integrated Registry Management Services

• Open the IPO allotment status page on the official website of the issue registrar, Integrated Registry Management Services Private Ltd: https://ipostatus.integratedregistry.in/RegistrarsToSTANew.aspx
• Select Shanmuga Hospital Ltd from the drop-down menu for company names
• Choose any of these- PAN, Application Number, or DP ID/Client ID
• Enter the relevant details for verification
• Click on the ‘Submit’ button

The IPO allotment status will be available only after the company completes the share allocation process.

Shanmuga Hospital IPO key details

• Shanmuga Hospital IPO consisted exclusively of only fresh issue of 38.18 lakh shares, worth up to ₹20.62 crore. It did not include any offer-for-sale (OFS) component.
• The IPO price was fixed at ₹54 per share. The minimum lot size was 2,000 shares.
• Finshore Management Services Ltd is the book-running lead manager of Shanmuga Hospital IPO.
• Black Fox Financial Pvt Ltd is the market maker for the said IPO.
• Refunds are scheduled to be conducted on Wednesday, February 19, and shares will be credited to allottees' Demat accounts on the same day.
• The company has proposed to list its shares on the BSE SME platform on Thursday, February 20.

About Shanmuga Hospital and use of IPO proceeds

Shanmuga Hospital is a multi-specialty medical facility that offers a wide range of services, including oncology, emergency care, cardiac care, intensive care, neurosurgery, and neonatal care, among others. The hospital was set up in 2020, in Salem, Tamil Nadu.

The hospital comprises a bed capacity of 151 beds, and is equipped with advanced healthcare technology, Shanmuga Hospital caters to the medical needs of the region, establishing itself as a leading healthcare provider.

The multispecialty hospital plans to use the proceeds generated from its initial public offering to fund capital expenditure (capex) aimed at purchasing additional medical equipment, along with utilizing the funds for general corporate purposes.

As of September 30, 2024, Shanmuga Hospital’s total revenue stood at ₹24.83 crore, while profit after tax (PAT) was ₹2.39 crore. In the financial year ended March 31, 2024 (FY24), the company’s total revenue was reported at ₹43.39 crore, and PAT at ₹5.26 crore.

Key Performance Indicators (FY24)