Shanmuga Hospital plans to raise up to Rs. 20.62 crore from Public Issue

Company plans to issue 38.18 lakh Equity shares of Rs. 10 face value at a price of Rs. 54 per share; Shares to list on BSE SME

Salem, Tamil Nadu, 12 Feb 2025: Salem based Multispecialty Hospital, Shanmuga Hospital Ltd is planning to raise up to Rs. 20.62 crore from its SME public issue. The company has received approval to launch its public issue on BSE SME Platform. The public issue open for subscription on February 13 and closes on February 17. The Proceeds of the public issue will be used for business expansion including Funding Capital Expenditure towards Purchase of additional Medical Equipment and general corporate purposes. Finshore Management Services Limited is the lead manager of the issue.

The initial public offering of Rs. 20.62 crore comprises of a fresh issue of 38.18 lakh equity shares of face value Rs. 10 each at Rs. 54 per share. Out of the fresh issue of Rs. 20.62 crore, company plans to utilize Rs. 14.52 crore towards Capital Expenditure towards Purchase of additional Medical Equipment and Rs. 3.83 crore towards general corporate purpose. Minimum lot size for the application is 2000 shares which translates in to investment of Rs. 1.08 lakh per application. Retail investor quota for the IPO is kept at 50% of the net offer. Promoter holding post issue will be 71.95%.

For FY23-24 ended March 2024, company has reported net profit of Rs. 5.26 crore and revenue of Rs. 43.39 crore with a healthy EBITA margin of 19.77% and PAT margin of 12.13%. For the six months ended September 2024, company reported total revenue of Rs. 24.82 crore and Net Profit of Rs. 2.39 crore. As on 31^st March 2024, ROE of the company was at 30.71%, ROCE at 35.89% and RONW at 30.71% with PAT Margin of 12.13% and Debt to Equity at 0.53 times.

As on 30^th September 2024, Net Worth of the company was reported at Rs. 19.53 crore, Reserves & Surplus at Rs. 9.73 crore and Asset base of Rs. 36.53 crore. Shares of the company will be listed on BSE SME platform.

Incorporated in the year 2020, Shanmuga Hospital Limited, a Multispecialty Hospital strategically established in Salem. 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. It is also associated with Government Agencies, Companies and Organizations for providing health care facilities. Additionally, Shanmuga Hospital Limited is empanelled with the insurance and TPA providers. Patients can now get easier access to affordable healthcare and quality

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. Medical facility at the Hospital encompasses an Oncology Unit, High Dependency Unit (HDU), Emergency Department (ED), Outpatient Consultation Services, Cardiac Care Unit (CCU), Intensive Care Unit (ICU), Neonatal

Intensive Care Unit(NICU), Labour Room, Endoscopy Room, Neurosurgery Unit, and Cardiac Unit. The Diagnostic Centre features advanced laboratory and imaging technologies such as X-Ray, Ultrasound, Computed Tomography (CT) scan, Magnetic Resonance Imaging (MRI), and modular operational theatres.