Shanmuga Hospital: Shanmuga Hospital shares get listed flat at ₹54!Shanmuga Hospital: Shanmuga Hospital shares get listed flat at ₹54!

Shanmuga Hospital shares had a subdued listing on the NSE SME platform, debuting at ₹54, the same as its issue price. The stock’s flat opening reflects a muted market response, indicating cautious investor sentiment toward its initial public offering.

Shanmuga Hospital IPO saw a subscription of 2.51 times on Day 3, driven by strong retail demand at 4.41 times, while NII subscribed 0.6 times. The overall response showed good interest from retail investors.

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Shanmuga Hospital Limited, a multispecialty hospital in Salem, offers 151 beds with advanced healthcare technology. Accredited by NABH and NABL, it provides ICU, NICU, and CCU services. Empanelled with ESIC, Railways, and insurers, it ensures affordable, high-quality treatment through strategic healthcare initiatives and skilled professionals.

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Shanmuga Hospital Ltd plans to use ₹14.52 crore for medical equipment to enhance capacity and ₹3.83 crore for corporate purposes, including growth initiatives, brand building, and infrastructure improvements, ensuring better healthcare services and market expansion.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.