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

Shanmuga Hospital shares listed flat at ₹54 on the NSE SME platform, matching the issue price. The subdued debut reflects a cautious market response and limited investor enthusiasm.
Shanmuga Hospital shares debuted flat at ₹54 on NSE SME, matching issue price.
Shanmuga Hospital shares debuted flat at ₹54 on NSE SME, matching issue price.

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.

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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.

Also Read:  Stock jumps 7% after company to consider stock split

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.

Also Read:  IT stock jumps 3% after securing patent for large-scale data handling

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.

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