Shanmuga Hospital Itemizing: Shanmuga Hospital shares made a flat market debut on Friday, February 21, as they have been listed at ₹54 apiece on the BSE SME, the identical because the IPO value. Put up itemizing, the inventory tumbled to ₹51.30 apiece, 5% decrease than the IPO value.
The IPO was open for bidding from February 13 to February 17 and garnered 2.51 occasions the bids. The retail portion was booked 4.41 occasions, whereas the non-institutional investor (NII) portion was subscribed 0.6 occasions.
The ₹20.62 crore IPO was solely a recent problem of 38.18 lakh shares. The IPO was priced at ₹54 per share. The corporate plans to make the most of the funds raised for buying extra medical tools and basic company functions.
About Shanmuga Hospital
Shanmuga Hospital, positioned in Salem, Tamil Nadu, is a multispecialty facility with 151 beds, providing superior healthcare providers. Accredited by NABH and NABL, it ensures high-quality care in prevention, therapy, and rehabilitation. The hospital options specialised items, together with Oncology, HDU, ED, CCU, ICU, NICU, Labour Room, endoscopy room, neurosurgery, and cardiac items.
Its Diagnostic Centre is supplied with state-of-the-art imaging and laboratory applied sciences like X-Ray, Ultrasound, CT scan, MRI, and modular operation theatres. Shanmuga Hospital gives complete inpatient and outpatient care throughout a spread of specialties, assembly the various healthcare wants of the area.
The corporate can be related to authorities businesses, firms, and organizations for offering well being care services to their workers and their dependants. Moreover, it’s empaneled with the insurance coverage and TPA suppliers.
In Fiscal 2024, Fiscal 2023, and Fiscal 2022, the corporate generated a complete earnings of ₹43.39 crores, ₹39.50 crores, and ₹41.47 crores, respectively, EBITDA (working revenue) of ₹8.95 crores, ₹7.44 crores, and ₹9.13 crores, respectively, and internet revenue after tax of ₹5.26 crores, ₹4.76 crores, and ₹6.72 crores, respectively.
It has reported a Return on Internet Value of 30.71%, 40.28%, and 95.16% for Fiscal 2024, Fiscal 2023, and Fiscal 2022, respectively, as per the corporate’s DRHP report.
Disclaimer: The views and suggestions given on this article are these of particular person analysts. These don’t characterize the views of Mint. We advise traders to test with licensed consultants earlier than taking any funding choices.
