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Shanmuga Hospital IPO
Price Band
₹
Issue Size
₹20.62 Cr
Lot Size
2,000 shares
Min Investment
₹108,000
GMP
+₹3.0 (5.56%)
Issue Price
₹54.0
Subject to Sauda
₹4600
Paid only if allotted
Shanmuga Hospital IPO AI Summary
- Shanmuga Hospital IPO is listed on BSE SME.
- Subscription window: 13 Feb–17 Feb 2025, listing on 21 Feb 2025.
- Current GMP is +₹3.0 (5.56%) — unofficial and can change daily.
Shanmuga Hospital Limited is a new entrant in the healthcare sector, aiming to provide high-quality medical services. With a focus on advanced healthcare technology and a strong team of medical professionals, the IPO presents an opportunity for investors to consider, keeping in mind the associated risks and market conditions.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Shanmuga Hospital IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 17 Feb 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Shanmuga Hospital IPO Grey Market Premium (GMP) Today
GMP
+₹3.0
GMP %
+5.56%
Est. Listing
₹57.0
Updated: 25 Jul 2026 14:30
About the Company
Incorporated in 2020, Shanmuga Hospital Limited is a Multispecialty Hospital. Shanmuga Hospital is equipped with advanced healthcare technology and having 151 bed capacity, it addresses the community’s medical needs, serving patients from nearby regions. Accredited by NABH and NABL, the hospital is dedicated to providing high-quality healthcare services, including prevention, treatment, and rehabilitation. Located at 51/24 Saradha College Road, Salem, Tamil Nadu, the hospital spans 45,311 square feet across two blocks and three floors, offering IPD and OPD services with a dedicated team. Hospital Units: Shanmuga Pharmacy & Diagnostics:The hospital operates Shanmuga Pharmacy, providing medications to OPD and IPD patients. Shanmuga Diagnostics offers reliable pathology services for accurate medical evaluations and treatment planning. Shanmuga Clinics:The hospital extends services through Shanmuga Clinics, providing specialized consultations and treatments in Salem. Critical patients are transferred to the main hospital for advanced care when necessary. Services: Oncology, General Surgery, Orthopaedics, Cardiology,General Medicine, Paediatrics & Neonatology, Neurology, Endocrinology & Diabetes Department, Plastic Surgery, Respiratory Medicine. As on August 31, 2024, the hospital had 72 doctors, out of whom 9 doctors were Resident Doctors, 7 Junior Doctors, 28 Senior Consulting Doctors and 28 Consulting Visiting Doctors. Competitive Strengths: Oncology Presence Rich experience of promoters of over four decades Cost Affordable to Regional Population Specialized Equipment like LINAC, CATHLAB, MRI, MODULAR OT Tie-up with Government and Private Insurance Companies
Company Financials (₹ Cr)
As of 2024-09-30
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 36.53 | 33.92 | 23.05 | 10.65 |
| Total Income | 24.83 | 43.39 | 39.50 | 41.47 |
| Profit After Tax | 2.39 | 5.26 | 4.76 | 6.72 |
| NET Worth | 19.53 | 17.13 | 11.82 | 7.06 |
| Reserves and Surplus | 9.73 | 7.34 | 11.74 | 6.98 |
| Total Borrowing | 9.76 | 9.02 | 7.65 |
Key Ratios
EPS
₹5.37
NAV
₹17.49
ROE
30.71%
ROCE
35.89%
RoNW
30.71%
P/B Value
3.09
P/E Ratio
10.05
Market Cap
₹73.51 Cr
PAT Margin
12.13%
Debt/Equity
0.53
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic |
|---|---|---|---|---|
| Aashka Hospitals Ltd | 41.2 | 2.45% | 98.37 | 1.01 |
| Family Care Hospitals Limited | 10.81 | 21.5% | 2.59 | 2.32 |
| Asarfi Hospital Ltd | 35.81 | 5.98% | 37.77 | 2.33 |
| Shanmuga Hospital Limited This IPO | 17.49 | 30.71% | 10.05 | 5.37 |
Promoters
Panneerselvam Palaniappan Shanmugam, Prabu Sankar Panneerselvam, Priyadharshni Dhandapani and Jayalakshmi Panneerselvam
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding Capital Expenditure towards Purchase of additional Medical Equipment 14.53 2 General Corporate Expenses 3.83 3 Issue Expenses 2.26 Total 20.62
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹41.47 Cr in the period ending 31 Mar 2022, followed by a slight decrease to ₹39.50 Cr by 31 Mar 2023. This figure further declined to ₹43.39 Cr by 31 Mar 2024, but then dropped to ₹24.83 Cr by 30 Sep 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹6.72 Cr in the period ending 31 Mar 2022, decreasing to ₹4.76 Cr by 31 Mar 2023. It rose to ₹5.26 Cr by 31 Mar 2024 but then fell to ₹2.39 Cr by 30 Sep 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
At the issue price of ₹54.0, Shanmuga Hospital has an implied P/E ratio of 10.05, compared to peers trading at P/E ratios ranging from 2.59 to 98.37.
Grey Market Premium, Explained
The grey market premium (GMP) is an unofficial indicator of how much a stock might list above its issue price. A positive GMP indicates that there is demand for the stock, while a negative GMP suggests weak demand. Investors should be cautious as GMP can fluctuate significantly.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their financial goals and risk tolerance. It's important to consider the company's fundamentals and market conditions before making any investment decisions.
Who May Want to Wait
Investors with a low risk tolerance or those seeking stable, predictable returns may want to avoid IPOs like this, which can be subject to market fluctuations and uncertainties.
IPO Timeline, Explained
The IPO opens for subscription on February 13, 2025, and closes on February 17, 2025. Allotment of shares will be done on February 18, 2025, and the shares are expected to be listed on February 21, 2025.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when a stock lists at a price higher than its issue price. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and overall demand for the stock on listing day.
This evaluation is generated from Shanmuga Hospital's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Shanmuga Hospital IPO GMP today?
Shanmuga Hospital IPO GMP today is +₹3.0 (5.56%). GMP is an unofficial grey-market indicator and can change daily.
When does Shanmuga Hospital IPO open and close?
Shanmuga Hospital IPO opens on 13 February 2025 and closes on 17 February 2025.
When does Shanmuga Hospital IPO list on the stock exchange?
Shanmuga Hospital IPO listed on 21 February 2025 at ₹57.0.
What is the lot size for Shanmuga Hospital IPO?
The lot size for Shanmuga Hospital IPO is 2000 shares, requiring a minimum investment of ₹108,000.
What is the lot size for this IPO?
The lot size for Shanmuga Hospital's IPO is 2000 shares.
What is the minimum investment required?
The minimum investment required is ₹108,000.
What is the issue price of the IPO?
The issue price of the IPO is ₹54.0.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the stock in the grey market.
When is the listing date for the IPO?
The listing date for the IPO is February 21, 2025.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
13 Feb 2025
Close
17 Feb 2025
Allotment
18 Feb 2025
Listing
21 Feb 2025
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