Shanmuga Hospital Limited IPO
Shanmuga Hospital Limited IPO
IPO Date :
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The Initial Public Offering of Shanmuga Hospital Limited's culminated in its successful listing on 21-02-2025 at the BSE trading platform. The company secured 38,18,000 Shares through this capital market exercise, with 38,18,000 Shares allocated to new capital formation.
Investors participated within the price parameters of ₹54 to ₹54, with minimum investment requirements of 2000 shares. The subscription period from 13-02-2025 to 17-02-2025 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on 18-02-2025. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Shanmuga Hospital IPO About Company
Established in 2020, Shanmuga Hospital Limited is a NABH and NABL-accredited multispecialty hospital in Salem, Tamil Nadu, offering preventive, treatment, and rehabilitation services with advanced medical technology and 151 beds. Located on Saradha College Road, the hospital covers 45,311 sq. ft. across two blocks and three floors, providing both inpatient and outpatient care. It also operates Shanmuga Pharmacy & Diagnostics for medicines and pathology services, and Shanmuga Clinics for specialized consultations and patient transfers. The hospital’s key specialties include oncology, general surgery, orthopaedics, cardiology, paediatrics, neurology, endocrinology, and respiratory medicine. As of August 2024, it employed 72 doctors, including resident, consulting, and visiting specialists.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Shanmuga Hospital IPO Strength Factors
- Expert Cancer Care – Specializes in cancer treatment with advanced facilities, earning a strong reputation in the region.
- Trusted Leadership – Led by experienced professionals with 40+ years in healthcare, ensuring steady growth and reliability.
- Affordable Treatment – Offers high-quality medical care at reasonable prices, making healthcare accessible to more people.
Shanmuga Hospital IPO Risk Factors
- Legal Issues – Ongoing court cases involving the company, its directors, and promoters could hurt business and finances if the decisions don’t go in their favor.
- Short Track Record – The company started in 2020, so investors may find it hard to judge its long-term growth and financial health.
- Reliance on Medical Staff – The hospital depends on doctors and nurses, many of whom work as consultants. If it struggles to hire or keep them, its operations and service quality could suffer.
Shanmuga Hospital IPO Lead Manager(s)
- Finshore Management Services Limited
Shanmuga Hospital IPO Promoter(s)
- Dr. Panneerselvam Palaniappan Shanmugam
- Dr. Prabu Sankar Panneerselvam
- Dr. Priyadharshni Dhandapani
- Mrs. Jayalakshmi Panneerselvam
Shanmuga Hospital IPO FAQs
Shanmuga Hospital Limited IPO subscribed 2.56 times. The public issue subscribed 4.41 times in the retail category,--times in QIB, and -- times in the HNI (10+) category byNovember 25, 2025 10:32:14 AM (Day 25).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Shanmuga Hospital IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Shanmuga Hospital IPO FAQs
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