What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Shanmuga Hospital Limited IPO allotment date?

The basis of allotment for Shanmuga Hospital Limited IPO is scheduled to be finalized on 18 Feb 2025.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 19 Feb 2025.

Shanmuga Hospital Limited

ListedSME

Healthcare · BSE

Established in 2020, Shanmuga Hospital Limited is a NABH and NABL-accredited multispecialty hospital in Salem, Tamil Nadu, offering preventive, treatment, and rehabilitation services with advanced medical technology and 151 beds. Located on Saradha College Road, the hospital covers 45,311 sq. ft. across two blocks and three floors, providing both inpatient and outpatient care. It also operates Shanmuga Pharmacy & Diagnostics for medicines and pathology services, and Shanmuga Clinics for specialized consultations and patient transfers. The hospital’s key specialties include oncology, general surgery, orthopaedics, cardiology, paediatrics, neurology, endocrinology, and respiratory medicine. As of August 2024, it employed 72 doctors, including resident, consulting, and visiting specialists.

Price Band

₹54

Issue Size

₹20.62 Cr

Lot Size

2000 shares

GMP

₹3

+5.6%

Est. Listing

₹57

at current GMP

Subscribed

2.56x

overall

Open

13 Feb 2025

17 Feb 2025

Allotment

18 Feb 2025

Refund

19 Feb 2025

Demat Credit

20 Feb 2025

Listing

21 Feb 2025

Last updated 11 months ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Shanmuga Hospital Limited Allotment Status

Designated Registrar: Integrated Registry Management Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

18 Feb 2025

Basis finalization

Refunds Initiate

19 Feb 2025

Mandate release

Demat Credit

20 Feb 2025

Shares in demat

Listing Debut

21 Feb 2025

Trading begins

How to Check Shanmuga Hospital Limited IPO Allotment Status

Click the Check on Registrar button above to visit Integrated Registry Management Services Private Limited's allotment portal.
Select Shanmuga Hospital Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About Shanmuga Hospital Limited Public Issue & Market Profile

Shanmuga Hospital Limited is bringing an initial public offering (IPO) in the Healthcare sector with an aggregate issue size of ₹20.62 Crores. The shares are offered at a price band of ₹54 to ₹54 per equity share on BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 2000 shares (approx. ₹1,08,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Official Allotment Timelines & Registrar Guidance:

Allotment reconciliation will be managed by Integrated Registry Management Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-02-20, while un-allotted funds or UPI block mandates will be released on 2025-02-19.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.