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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 ₹248.00 per share . The lot size for an application is 60. The minimum amount of investment required by an retail is ₹14,700 (60 shares). 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 Date | December 5, 2017 to December 7, 2017 |
| Listing Date | December 15, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹245 to ₹248 per share |
| Issue Price Final | ₹248 per share |
| Lot Size | 60 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 2,03,54,838 shares (aggregating up to ₹504.80 Cr) |
| Fresh Issue | 1,93,54,838 shares (aggregating up to ₹480.00 Cr) |
| Offer for Sale | 10,00,000 shares of ₹10 (aggregating up to ₹24.80 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 8,86,54,932 shares |
| Share Holding Post Issue | 10,80,09,770 shares |
Shalby Hospital IPO offers total 2,03,54,838 shares. Out of which 1,01,16,918 (49.70%) allocated to QIB, 40,46,768 (19.88%) allocated to QIB, 30,35,076 (14.91%) allocated to NII, 70,81,844 (34.79%) allocated to RII and 60,70,150 (29.82%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,01,16,918 (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 (14.91%) | NA |
| Retail Shares Offered | 70,81,844 (34.79%) | 1,18,030 |
| Employee Shares Offered | 1,21,000 (0.59%) | NA |
| Total Shares Offered | 2,03,54,838 (100.00%) |
| 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 |
Shalby IPO opens on December 5, 2017, and closes on December 7, 2017.
| IPO Open Date | Tue, Dec 5, 2017 |
| IPO Close Date | Thu, Dec 7, 2017 |
| Tentative Allotment | Tue, Dec 12, 2017 |
| Initiation of Refunds | Wed, Dec 13, 2017 |
| Credit of Shares to Demat | Thu, Dec 14, 2017 |
| Tentative Listing Date | Fri, Dec 15, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Dec 7, 2017 |
Investors can bid for a minimum of 60 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
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.
| Particulars | For the year/period ended (in Rs. million) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 7181.75 | 5,039.14 | 3,513.41 | 2,168.30 | 1,520.96 | |
| Total Revenue | 3,328.62 | 2,925.56 | 2,776.26 | 2,616.76 | 2,298.28 | |
| Profit After Tax | 615.74 | 363.19 | 245.52 | 377.47 | 150.09 | |
The Company Shalby IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] Investors may consider investment for medium to long term in Shalby Ltd IPO. Though issue appears fully priced discounting all near term factors, its constant outperformance makes it a bet worth considering. Read detail review...
| Listing Date | December 15, 2017 |
| BSE Script Code | 540797 |
| NSE Symbol | SHALBY |
| ISIN | INE597J01018 |
| Final Issue Price | ₹248 per share |
| BSE Listing Group | B |
Shalby Ltd.
Opposite Karnawati Club,
Sarkhej Gandhinagar Highway,
Near Prahlad Nagar Garden, Ahmedabad 380 015
Ahmedabad, Gujarat
Phone: +91 79 4020 3000
Email: companysecretary@shalby.in
Website: https://www.shalby.org/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://ipostatus.kfintech.com/
Shalby IPO is a main-board IPO of 2,03,54,838 equity shares of the face value of ₹10 aggregating up to ₹504.80 Crores. The issue is priced at ₹248 per share. The minimum order quantity is 60.
The IPO opens on December 5, 2017, and closes on December 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 December 5, 2017 and closes on December 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 Thursday, December 14, 2017. Check the Shalby IPO allotment status.
The Shalby IPO listing date is on Friday, December 15, 2017.
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