Bookbuilding IPO | ₹505 Cr | Listed at BSE, NSE | Tue, Dec 5, 2017 - Thu, Dec 7, 2017
Shalby IPO is a book build issue of ₹504.80 crores. The issue is a combination of fresh issue of 1.94 crore shares aggregating to ₹480.00 crores and offer for sale of 0.10 crore shares aggregating to ₹24.80 crores.
Shalby IPO bidding started from Dec 5, 2017 and ended on Dec 7, 2017. The allotment for Shalby IPO was finalized on Dec 12, 2017. The shares got listed on BSE, NSE on Dec 15, 2017.
Shalby IPO price band is set at ₹248 per share. The lot size for an application is 60. The minimum amount of investment required by an retail is ₹14,880 (60 shares) (based on upper price). The lot size investment for sNII is 14 lots (840 shares), amounting to ₹2,08,320, and for bNII, it is 68 lots (4,080 shares), amounting to ₹10,11,840.
The issue includes a reservation of up to 1,21,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Edelweiss Financial Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Shalby IPO RHP for detailed Information.
IPO Open
Tue, Dec 5, 2017
IPO Close
Thu, Dec 7, 2017
Issue Price
₹248 per share
Market Cap (Pre-IPO)
₹2,678.64 Cr
| IPO Date | 5 to 7 Dec, 2017 |
| Listed on | Fri, Dec 15, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹245 to ₹248 |
| Issue Price | ₹248 per share |
| Lot Size | 60 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,03,54,838 shares (agg. up to ₹505 Cr) |
| Fresh Issue | 1,93,54,838 shares (agg. up to ₹480 Cr) |
| Offer for Sale | 10,00,000 shares of ₹10 (agg. up to ₹25 Cr) |
| Share Holding Pre Issue | 8,86,54,932 shares |
| Share Holding Post Issue | 10,80,09,770 shares |
| BSE Script Code / NSE Symbol | 540797 / SHALBY |
| ISIN | INE597J01018 |
Shalby IPO comprises a total issue size of 2,03,54,838 shares. The net offer to the public is 2,02,33,838 shares, after excluding 1,21,000 shares under a preferential allotment. Of the Net offer 1,01,16,918 (50.00%) are allocated to QIB, 30,35,076 (15.00%) allocated to NII 70,81,844 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 1,01,16,918 | 50.00% | 49.70% | NA |
| − Anchor Investor Shares Offered | 60,70,150 | 29.82% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 40,46,768 | 19.88% | NA | |
| NII (HNI) Shares Offered | 30,35,076 | 15.00% | 14.91% | NA |
| Retail Shares Offered | 70,81,844 | 35.00% | 34.79% | 1,18,030 |
| Preferential Reservations | ||||
| Employee Shares Offered | 1,21,000 | 0.59% | NA | |
| Total Shares Offered | 2,03,54,838 | 100.00% | 100.00% | |
Investors can bid for a minimum of 60 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 60 | ₹14,880 |
| Retail (Max) | 13 | 780 | ₹1,93,440 |
| S-HNI (Min) | 14 | 840 | ₹2,08,320 |
| S-HNI (Max) | 67 | 4,020 | ₹9,96,960 |
| B-HNI (Min) | 68 | 4,080 | ₹10,11,840 |
Shalby IPO raises ₹150.54 crore from anchor investors. Shalby IPO Anchor bid date is December 4, 2017.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Dec 4, 2017 |
| Shares Offered | 60,70,150 |
| Anchor Portion (₹ Cr.) | 150.54 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Jan 11, 2018 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Mar 12, 2018 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 2004, Shalby Limited is Ahmedabad, Gujrat based one of the leading multi-specialty chain of hospitals in India. Company provides inpatient and outpatient healthcare services through 8 fully operational hospitals with an aggregate operational bed count of 781 beds. Company also provides outpatient consultative healthcare services through 3 hospitals and 68 Outpatient Clinics. Company has 8 shared surgery centers within third party hospitals.
Shalby hospitals are well known for its orthopaedic services. Shalby Hospital had a 15% market share of all joint replacement surgeries conducted by private corporate hospitals in India in 2016. Apart from a focus on orthopaedics, Shalby hospitals provide advanced levels of care across various specialties such as neurology, cardiac care, critical care, oncology, and nephrology.
Since March 2007, Shalby hospitals have conducted an aggregate of 84,579 surgeries, and provided healthcare services to an aggregate of 923,441 patients, consisting 121,576 inpatients and 801,865 outpatients.
Shalby hospitals operate across five states and Outpatient Clinics operate across 53 cities in 16 states in India. Company also has six Outpatient Clinics and one Shalby Arthroplasty Centre of Excellence (SACE) in Africa, and two SACE in the UAE.
Shalby hospital is led by Dr Vikram Shah, an orthopaedic surgeon with more than 25 years of professional experience. Dr Vikram Shah is one of the promoters of the company.
As of December 31, 2016, Shalby hospital employed 1,599 employees and engaged 267 professional consultants, consisting 242 doctors who are full-time consultants and 25 doctors who are part-time consultants. Hospital's staff strength also comprises 458 nurses and 1,141 paramedical, corporate and support staff and pharmacists.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment or prepayment in full or in part of certain loans availed byour Company | 300.00 |
| 2 | Purchase of medical equipment for existing,recently set up and upcoming hospitals | 63.58 |
| 3 | Purchase of interiors, furniture, and allied infrastructure for upcoming hospitals | 11.18 |
| 4 | General corporate purposes | 81.66 |
The Shalby Hospital IPO is subscribed 2.82 times on December 7, 2017 8:20:00 PM (Day 3). The public issue subscribed 2.98 times in the retail category, 4.34 times in the QIB category, and 0.42 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 4.34 | 41,65,267 | 1,80,93,000 |
| NII | 0.42 | 30,70,626 | 12,99,060 |
| Retail | 2.98 | 71,64,793 | 2,13,26,760 |
| Employee | 1.44 | 1,21,000 | 1,74,180 |
| Total | 2.82 | 1,45,21,686 | 4,08,93,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to BRLMs (including underwriting commission, brokerage, selling commission, and Biddingfees) | 10.38 |
| 2 | Brokerage and selling commission, processing / uploading charges to Sydicate Members, RTAs and CDPs; Processing / uploading charges for Registered Brokers; Commission and processing fees for SCSBs | 1.53 |
| 3 | Fees to the Registrar to the Offer | 0.02 |
| 4 | SEBI, BSE, and NSE processing fees, other regulatory expenses and listing fees | 2.18 |
| 5 | Printing and stationery expenses | 1.66 |
| 6 | Advertising and marketing expenses | 6.88 |
| 7 | Miscellaneous expenses | 2.14 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹248.00 | ₹248.00 |
| Open | ₹237.00 | ₹239.70 |
| Low | ₹236.15 | ₹236.45 |
| High | ₹254.65 | ₹254.80 |
| Last Trade | ₹239.25 | ₹239.60 |
Shalby IPO is a main-board IPO of 2,03,54,838 equity shares of the face value of ₹10 aggregating up to ₹505 Crores. The issue is priced at ₹248 per share. The minimum order quantity is 60.
The IPO opens on Tue, Dec 5, 2017, and closes on Thu, Dec 7, 2017.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Shalby IPO using UPI as a payment gateway. Zerodha customers can apply in Shalby IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shalby IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shalby IPO opens on Tue, Dec 5, 2017 and closes on Thu, Dec 7, 2017.
Shalby IPO lot size is 60, and the minimum amount required for application is ₹14,880.
You can apply in Shalby IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Shalby IPO will be done on Tuesday, December 12, 2017, and the allotted shares will be credited to your demat account by Thu, Dec 14, 2017. Check the Shalby IPO allotment status.
The Shalby IPO listing date is on Fri, Dec 15, 2017.
