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Shalby Limited IPO (Shalby Hospital IPO) Detail

Dec 5, 2017 - Dec 7, 2017

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.

Company Promoters:

The Promoters of our Company are Dr Vikram Shah, Dr Darshini Shah, Shanay Shah, Shah Family Trust, and Zodiac Mediquip Limited.

Dr Vikram Shah, Dr Darshini Shah, Shanay Shah, Shah Vikram Indrajit HUF and Shah Indrajit Chimanlal HUF are the promoters of Zodiac Mediquip Limited.

Company Financials:

Summary of financial Information (Consolidated)
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

Objects of the Issue:

The Offer comprises of the Fresh Issue and the Offer for Sale.

Company proposes to utilise the Net Proceeds from the Fresh Issue towards the following objects:
1. Repayment or prepayment in full, or in part of certain loans availed by the Company;
2. Purchase of medical equipment for existing, recently set up, and upcoming hospitals;
3. Purchase of interiors, furniture, and allied infrastructure for upcoming hospitals; and
4. General corporate purposes.

Company will not receive any proceeds from the Offer for Sale.

Issue Detail:

  »»  Issue Open: Dec 5, 2017 - Dec 7, 2017
  »»  Issue Type: Book Built Issue IPO
  »»  Issue Size:
    ›  Fresh Issue of [.] Equity Shares of Rs 10 aggregating up to Rs 480.00 Cr
    ›  Offer for Sale of 1,000,000 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 245 - Rs 248 Per Equity Share
  »»  Market Lot: 60 Shares
  »»  Minimum Order Quantity: 60 Shares
  »»  Listing At: BSE, NSE

Shalby Hospital IPO Reviews:

  1. Shalby Limited IPO review by Dilip Davda

Shalby Hospital IPO Recommendations:

Capital Market Review
SPA Research - Subscribe

Issue Subscription Detail / Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & TimeQIBNIIRIIEmployeeTotal
Shares Offered / Reserved4,165,2673,070,6267,164,793121,00014,521,686
Day 1 - Dec 5, 2017 17:00 IST0.34000.01000.20000.24000.2000
Day 2 - Dec 6, 2017 17:00 IST0.34000.02000.71000.62000.4600
Day 3 - Dec 7, 2017 20:20 IST4.34000.42002.98001.44002.8200

Shalby Hospital IPO Prospectus

Shalby Hospital IPO Rating

Rating:Rated 3.8 stars

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Shalby Hospital IPO News Alerts

  1. Thursday, December 7, 2017 12:00:00 AM
    Shalby Hospital IPO Closes on Dec 7th
  2. Tuesday, December 5, 2017 12:00:00 AM
    Shalby Hospital IPO Open on Dec 5th

Company Contact Information

Shalby Limited
Opposite Karnawati Club,
Sarkhej Gandhinagar Highway,
Near Prahlad Nagar Garden, Ahmedabad 380 015
Phone: +91 79 4020 3000
Fax: +91 79 4020 3120

Shalby Hospital IPO Registrar

Karvy Computershare Private Limited   »  Report
   Karvy House, 46, Avenue 4, Street No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

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

Shalby Hospital IPO Lead Manager(s)

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Shalby Hospital IPO Review / Comments

235. CA Sir  Dec 11, 2017 1:02:25 PM IST I Like It. | Report Abuse Reply
I had applied for Shalby IPO via ASBA. But the status is still showing "PROCESSING" and the amount is not yet blocked by the Bank. Does any other of our friend faced the same ?
234. hiteshzee  Dec 11, 2017 10:14:43 AM IST I Like It. 1 | Report Abuse Reply
GMP last heard:

Shalby IPO
30 - 35
233. ipoguruneha  Dec 10, 2017 12:43:55 PM IST I Like It. 1 | Report Abuse Reply
232. Toofan 😋  Dec 10, 2017 10:02:41 AM IST I Like It. | Report Abuse Reply
Dear cute krishma ji listing 300+ karva dijiye 😇😁
231. Sid shah  Dec 10, 2017 2:25:23 AM IST I Like It. | Report Abuse Reply
Sorry guys, not gmp but after listing time I think goes to price not dollars & pounds in rs. Sorry once again Mukesh Shah is toppest surgeon in his fild. He highest surgery doing in gujarat. Guys no. 1dr.of of ahmedabad. Very premium charged take at ahmedabad. He promoter of hospital OK........
230. Sid shah  Dec 8, 2017 5:33:02 PM IST I Like It. 5 | Report Abuse Reply
Shelby gmp 45-70 & FCS gmp 100 - 165 both ipo nice now changed mood of market
230.2. Anarchist  Dec 8, 2017 8:18:34 PM IST I Like It. 8 | Report Abuse
@ Sid shah
Hey Sid! I could see you forgot to mention the currency in which the GMP is quoted.....USD? Pound Sterling?... Bitcoin?
230.3. Black hawk  Dec 10, 2017 12:46:39 AM IST I Like It. | Report Abuse
I think you are saying paisa only.
229. Eagleye  Dec 9, 2017 4:07:06 PM IST I Like It. 16 | Report Abuse Reply
IPO Guru IPO Guru (4500+ Posts, 13500+ Likes)
GMP last heard:

Shalby IPO
14 - 16
229.1. CA Pratik  Dec 9, 2017 9:06:42 PM IST I Like It. | Report Abuse
Hope It will Go Up
228. CUTE KRISHMA  Dec 9, 2017 8:15:47 PM IST I Like It. 2 | Report Abuse Reply
Current gmp 30-35 just wait n watch listing around 280+++++
227. Aniketiaf  Dec 9, 2017 8:46:10 AM IST I Like It. 6 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 1100+ Likes)
Gmp of Shalby on 08 Dec at 17:00 in Chandigarh /Mohali region 6-8 (negligible trade)
226. Cool Sunshine  Dec 9, 2017 8:20:21 AM IST I Like It. 6 | Report Abuse Reply
Despite failure of likes of NIA, GIC, Khadim etc, retail investors are still driven by uncontrolled greed for small & ellusive listing gains.

Anyone who just says that there will be good listing gains in weaker IPOs, immediately gets 20+ likes. It also shows that huge amount of retailers money is currently awaiting to be invested.
More and more, Government and weaker unscruplous companies will come to market to exploit and trap, un-suspectibg small investors to collect easy and interest free money.
Suggest investing in IPO only if you find good reason to invest. Every IPO will not give listing gains. It is possible that in a single IPO you lose listing gains of 5-10 of previous IPOs

Play SAFE and be CAUTIOUS.
225. Sbr  Dec 8, 2017 7:19:03 PM IST I Like It. 2 | Report Abuse Reply
GMP last heard:

Shalby IPO
12 - 14

39 - 41
224. M.K.A  Dec 8, 2017 6:10:44 PM IST I Like It. | Report Abuse Reply
Sid shah i havent not seen a fool like u, if u dont know better to keep up mouth and hand shut
223. Eagleye  Dec 8, 2017 1:37:29 PM IST I Like It. 8 | Report Abuse Reply
IPO Guru IPO Guru (4500+ Posts, 13500+ Likes)
GMP last heard:

Shalby IPO
6.50 - 7.50
222. T.agarwal  Dec 8, 2017 9:57:14 AM IST I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 500+ Likes)
QIB 4.47X**
NII 0.43X
RII 3.01X
EMP 1.44X
**Excluding Anchor
Total No.of FORMS : 319433
*Apps Wise : 2.71X*
221. Market kid  Dec 8, 2017 9:36:00 AM IST I Like It. 3 | Report Abuse Reply
Believe only those expert who says apply or avoid before subscription open,
After subscription/last day there is no need to shout i have applied/not applied due to subscription figures

Are bhai india me 75% log offline /through broker application karte hai, so they have to submit there applications on 2nd day itself or morning last day and you say apply /avoid 2/3pm ,haha

Andhe ko bhi pata lagta hai ki nii<1x ,qib<5x hua to listing gain nahi milne wala,
Usme aap ne kya badi bat kr di ??

If you are real expert then say before ipo opens otherwise no need to give any justification of apply/avoid

Are bhai, intraday trader ho kya?
Aaj buyers jyada hai to buy, warna sell??
220. Hari ji  Dec 7, 2017 2:58:00 PM IST I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
What your view on Shalby ipo.
220.4. Hari ji  Dec 7, 2017 4:36:03 PM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
What your view on Future Supply ipo?
220.5. KING VINOD  Dec 8, 2017 9:12:31 AM IST I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 800+ Likes)
I Not applied Shalby Limited IPO.
I am Not applying Future Supply IPO.
I am Applying Astron paper IPO
Must Apply Astron Paper & Board Mill Ltd IPO
219. Cool Sunshine  Dec 8, 2017 8:55:14 AM IST I Like It. 1 | Report Abuse Reply
Due to absence of market valuation and trading history of the stock, investing in an IPO is inherently much riskier than investing in Secondary market.

Investors should be additionally cautious, while investing in any IPO where there is no reasonable assurance of at least 10% return and they should think multiple times why they want to invest when expected listing gains are not even 10%.
218. Hiren Makwana  Dec 7, 2017 4:41:01 PM IST I Like It. 17 | Report Abuse Reply
It will be another HDFC and Sheela form, avoiders regrets
218.3. 🇮🇳.A.R.🇮🇳  Dec 7, 2017 9:06:47 PM IST I Like It. 2 | Report Abuse
@Anarchist: Now according to that, with HDFC and ICICI Pru in opposite directions, Sheela must be the Insurance agent standing in the middle (of nowhere)...!!!
218.4. Anarchist  Dec 8, 2017 8:55:13 AM IST I Like It. | Report Abuse
True that.....things have reached a point where only satire can make sense...
217. P M  Dec 8, 2017 6:08:55 AM IST I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Final Subscription
Qualified Institutional Buyers (QIB) ---------- 4.34x
Non Institutional Investors (NII) --------------- 0.42x
Retail Individual Investors(RII) ---------------- 2.98x
Employee Reserved (EMP) ------------------- 1.44x

Total ----------------------------------------------- 2.82x

No.of Applications (Approx) ------------ 319433
Retail Applicationwise (Approx) --------- 2.71x
216. R R Patel  Dec 7, 2017 4:20:43 PM IST I Like It. 4 | Report Abuse Reply
IPO Mentor IPO Mentor (500+ Posts, 2200+ Likes)
Shalby Ltd. IPO:
Subscription figures on last day @4pm (BSE+NSE):-
QIB - 4.34X** (closed)
HNI - 0.424X (closed)
Retail - 2.54X (open only for offline form)
Employees - 1.29X (open only for offline form)
Total - 2.61X
**Excluding Anchor.
Not so encouraging figures. I have not applied.
216.4. NAND KISHORE PARWAL  Dec 7, 2017 7:45:28 PM IST I Like It. | Report Abuse
2.7 times subscribed Applications wise
216.5. amit K singh  Dec 7, 2017 8:08:33 PM IST I Like It. 1 | Report Abuse
Not only subscription figure, but brand, Management, and most importantly instict plays important role for applying decision. I would say all points towards avoid.
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