Shanmuga Hospital will make its debut on the NSE SME platform on Thursday. Going by the GMP trends, the company's listing premium will likely be in the mid single digits.
Compared with an IPO price of Rs 54, the GMP around Rs 3, which is a premium of 5% over the issue price.
The company plans to use the proceeds from the IPO for funding capital expenditure towards purchase of additional medical equipment and general corporate purposes.
Salem’s Shanmuga Hospital has emerged as a leading healthcare provider, strategically established with state-of-the-art medical technology and a 151-bed capacity.
Accredited by the National Accreditation Board for Hospitals and Healthcare (NABH) and the National Accreditation Board for Testing and Calibration Laboratories (NABL), the hospital is committed to delivering high-quality healthcare services, including prevention, treatment, and rehabilitation.
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