Shanmuga Hospital Limited IPO

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Shanmuga Hospital Limited is a premier multispecialty hospital, strategically located in Salem, Tamil Nadu. With a focus on addressing the diverse medical needs of the region, the hospital boasts 151-bed capacity and is equipped with state-of-the-art healthcare technology. Its advanced infrastructure and patient-centric approach have made it a trusted name in the healthcare sector, catering to patients from Salem and nearby areas.

The hospital is NABH (National Accreditation Board for Hospitals and Healthcare) and NABL (National Accreditation Board for Testing and Calibration Laboratories) accredited, signifying its unwavering commitment to delivering high-quality healthcare services. These accreditations reflect the hospital’s focus on maintaining strict standards in patient safety, service quality, and diagnostic accuracy.

Shanmuga Hospital offers a wide range of inpatient and outpatient services across various medical and surgical specialties. Its advanced facilities include:

i. Medical Units and Specialties: Oncology Unit, High Dependency Unit (HDU), Emergency Department (ED), Cardiac Care Unit (CCU), Intensive Care Unit (ICU), Neonatal Intensive Care Unit (NICU), Labour Room, Endoscopy Room, Neurosurgery Unit and Cardiac Unit.

ii. Diagnostic Centre: Advanced laboratory services, Cutting-edge imaging technologies, including

iii. Surgical Capabilities: Fully modular operational theatres equipped with the latest surgical tools and systems for a wide array of procedures.

Future Vision and Growth

As a growing organization, Shanmuga Hospital Limited is focused on continuously improving its facilities and standards of care. With a commitment to adopting new technologies, enhancing its infrastructure, and expanding its services, the hospital aims to solidify its position as a leading healthcare provider in the region.

By aligning its goals with the highest industry standards, the hospital strives to set benchmarks in healthcare excellence, ensuring the delivery of comprehensive, compassionate, and efficient medical care to every patient.

Objects of the Shanmuga Hospital Limited IPO:

The Objects of the Issue are: i. Funding Capital Expenditure towards Purchase of additional Medical Equipment ii. General Corporate Purposes.
DRHP of Shanmuga Hospital Limited IPO
RHP of Shanmuga Hospital Limited IPO

Shanmuga Hospital Limited IPO Details:

Open Date: Feb 13 2025
Close Date: Feb 17 2025
Total Shares: 38,18,000
Face Value: ₹ 10 Per Equity Share
Issue Size: 20.62 Cr.
Lot Size: 2000 Shares
Issue Price: ₹ 54 Per Equity Share
Listing At: BSE SME
Listing Date: Feb 20 2025

Promoters And Management:

Dr. Panneerselvam Palaniappan Shanmugam, aged 71, is a Promoter and Managing Director of the Company, serving as a Director since its inception. He holds an M.B.B.S. from the University of Madras (1977) and an M.S. in General Surgery from Madurai Kamaraj University (1980). A fellow of the International College of Surgeons (1988) and a life member of the Indian Medical Association (1991), he has over 40 years of experience in healthcare. He also serves as Chairman-cum-Managing Trustee of the Shanmuga Medical Research Foundation Trust and was paid ₹33 lakhs in FY 2023-24. Dr. Prabu Sankar Panneerselvam, aged 40, is a Promoter, Executive Director, and CEO of the Company, serving as one of the First Directors since incorporation. He holds an M.B.B.S. from Annamalai University (2007) and an M.S. in General Surgery from Rajiv Gandhi University of Health Sciences (2011). With over 9 years of experience in healthcare, he played a key role in securing NABH and NABL accreditations for the hospital. Registered in the Independent Director’s Databank, he oversees the Company's overall management and was paid ₹28.60 lakhs in FY 2023-24. Mrs. Jayalakshmi Panneerselvam, aged 60, is an Executive Director of the Company and has been associated with it since incorporation as Procurement Head. She holds an M.A. from Annamalai University (2004) and has over 30 years of experience in the healthcare sector. Appointed to the Board on July 4, 2024, she currently oversees procurement, HR, and administration. She is also a partner in M/s. Shanmuga Hospital since 1992 and was paid ₹19.70 lakhs in FY 2023-24.

Financials of Shanmuga Hospital Limited IPO:

(In Crores)
Particulars Sep 30, 2024 March 31, 2024 March 31, 2023 March 31, 2022
Revenue from Operations 24.62 43.03 39.34 41.38
EBITDA 4.40 8.50 7.27 9.00
EBITDA Margins 17.74% 19.61% 18.42% 21.72%
PAT 2.39 5.26 4.76 6.71
PAT Margins 9.64% 12.13% 12.06% 16.20%
ROCE 35.89% 42.72% 125.69%
D/E Ratio 0.50 0.53 0.65 -
CFOA 0.70 9.57 2.94 1.92

Comparison With Peers:

Companies Revenue EBITDA Margins PAT Margins D/E Ratio MCap P/E
Shanmuga Hospital  (FY 2024) 43.03 Cr. 19.61% 12.13% 0.50 73.51 Cr. 13.97
Asarfi Hospital (TTM) 80.93 Cr 20.17% 5.20% 0.45 181 Cr. 42.99
Family Care Hospitals (TTM) 40 Cr. 17% 32.50% 0.14 31 Cr. In Loss
Aashka Hospitals (TTM) 24.43 Cr. 33.16% 14.53% 0.18 234 Cr. 65.90

Lead Manager of Shanmuga Hospital Limited IPO:

  1. Finshore Management Services Limited

Registrar of Shanmuga Hospital Limited IPO:

  1. Integrated Registry Management Services Private Limited

Company Address:

Shanmuga Hospital Limited 51/24, Saradha College Road, Salem, 636007 Phone: +91 427 2706674 Email: cs@smrft.org Website: http://www.shanmugahospital.com/

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