Shalby Hospitals IPO (Shalby Limited IPO) Detail

Ahmedabad: Shalby Hospitals ( Shalby Limited) has fixed the price band for its initial public offering of about 1 million equity shares of Rs 10 each between Rs 245 and Rs 248 per share. Shalby Limited aims to raise about Rs580 crore through the issue of new shares, according to the draft IPO documents. The IPO will include an offer for sale of about 1 million shares by promoter Dr Vikram Shah, following which his stake will drop to about 7.5% from 9.85% now.

Shalby Hospital proceeds are expected to be used to repay borrowings as well as to purchase medical equipment for existing and upcoming hospitals. Shalby also plans to use part of the proceeds to purchase medical equipment, interiors, furniture, and allied infrastructure for upcoming hospitals besides leaving a portion for general corporate purposes.

Date Founded: Shalby Hospitals ( Shalby Limited), established by Dr. Vikram I. Shah in 1994 in Ahmedabad, Gujarat
Headquarters: Shalby Limited, Opp. Karnavati Club, S G Road, Ahmedabad – 380015, Gujarat, India
Industries: Multispecialty Hospitals
Company Description: Shalby Hospitals is an Indian organisation which was established in Ahmedabad as a joint replacement centre in 1994 by Dr. Vikram Shah. Shalby runs a chain of hospitals in Vapi, Jabalpur, Indore, Jaipur, Kolkata and Punjab.
Shalby Hospitals ( Shalby Limited), established by Dr. Vikram I. Shah in 1994 in Ahmedabad, Gujarat, operates a chain of multispecialty hospitals across India, holding an aggregate bed capacity of over 2000 hospital beds. Shalby’s recognition as a multispecialty tertiary hospital chain in the Indian healthcare industry was envisioned by its founder Dr. Vikram Shah – CMD, who has been felicitated by Ethicon India for the development of the ‘OS Needle’.
Dr Darshini Shah
Shanay Shah
Shah Family Trust
Zodiac Mediquip Limited
Registrar to the Issue: Karvy Computershare Private Limited


Shalby Limited IPO details

Issue Size: Offer for sale of up to 1,000,000 Equity Shares
Issue Will Open on: 5 December – 7 December
Price Range: Rs 245-248 per share
Face Value: Rs. 10
Issue Type: Book Built Issue IPO
Minimum Order Quantity: 60 Shares
Listing At: NSE SME

Registrar of Shalby Limited IPO
Karvy Computershare Private Limited » Report
Karvy House, 46, Avenue 4, Street No. 1, Banjara Hills, Hyderabad – 500 034

Phone: +91-40-23312454
Fax: +91-40-23311968

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