Shanmuga Hospital, LK Mehta Polymers IPOs open for subscription; check key details

The BSE SME initial public offers of Shanmuga Hospital and LK Mehta Polymers opened for public subscription on Thursday, February 13.

The initial share sales will conclude on February 17, and the basis of allotment will be finalised on February 18.

Shanmuga Hospital IPO

The funds raised will be used for capital expenditure towards the purchase of medical equipment and general corporate purposes.

Investors can apply for at least 2,000 shares, needing an investment of ₹1,08,000.

Finshore Management Services Ltd is the book-running lead manager for the issue, while Integrated Registry Management Services Pvt Ltd is the registrar.

Salem-based Shanmuga Hospital is a multispecialty hospital equipped with advanced healthcare technology. The National Accreditation Board for Hospitals and Healthcare (NABH) accredited healthcare facility has a 151-bed capacity.

The medical facility has an oncology unit, a high dependency unit, an emergency department, outpatient consultation services, a cardiac care unit, an intensive care unit, a neonatal intensive care unit, a labour room, an endoscopy room, a neurosurgery unit, and a diagnostic centre.

LK Mehta Polymers IPO

The LK Mehta Polymers issue is a fresh issuance of 10.40 lakh shares worth ₹7.38 crore. It is a fixed-price issue at ₹71 per share.

The money generated will be used for incremental working capital requirements and general corporate purposes.

The minimum lot size is 1,600 shares worth ₹1,13,600.

Swastika Investmart Ltd is the issue's book-running lead manager, while Bigshare Services is the registrar.

LK Mehta Polymers manufactures plastic products and trades raw materials such as polypropylene and polyethylene granules.