Shanmuga Hospital Ltd Share Price

Shanmuga Hospital Limited was originally incorporated as a Private Limited Company under the name Shanmuga Hospital Private Limited on June 26 2020. It received a fresh Certificate of Incorporation from the Registrar of Companies Central Registration Centre. Subsequently the status converted into a Public Company resulting in a name change to Shanmuga Hospital Limited. This alteration was formally recorded in a new Certificate of Incorporation dated June 06 2024 issued by the Registrar of Companies Central Processing Centre.In 1981 Dr. Panneerselvam P. Shanmugam started a hospital with the name of Shanmuga Hospital as a sole proprietorship in Salem town of Tamil Nadu State. Recognizing the demand for increased bed capacity and lack of space the hospital was relocated in 1992 and formed a Partnership Firm in the name of Shanmuga Hospital to run the said Hospital. In 1996 the Salem Cancer Institute specializing in oncology was established becoming the first cancer hospital for surrounding regions. During the same year Thirumigu Vanavasi P. Shanmugam and Dr. P. S. Panneerselvam founded Shanmuga Medical Research Foundation Trust SMRFT to provide comprehensive medical services and paramedical education.A significant milestone was achieved through which the Company has acquired business undertakings of M/s. Shanmuga Hospital a partnership firm as a slump sale via Business Transfer Agreement dated December 15 2023. Shanmuga Hospital Limited a Multispecialty Hospital was strategically established in Salem Tamil Nadu. Equipped with advanced healthcare technology and having 151 bed capacity it addresses the communitys medical needs serving patients from nearby regions. Accredited by the National Accreditation Board for Hospitals and Healthcare and National Accreditation Board for Testing and Calibration Laboratories the Hospital has commitment to highquality healthcare services including prevention treatment and rehabilitation.The medical facility encompasses a Oncology Unit High Dependency Unit HDU Emergency Department ED Outpatient Consultation Services Cardiac Care Unit CCU Intensive Care Unit ICU Neonatal Intensive Care Unit NICU Labour Room Endoscopy Room Neurosurgery Unit and Cardiac Unit. The Diagnostic Centre features advanced laboratory and imaging technologies such as XRay Ultrasound Computed Tomography CT Scan Magnetic Resonance Imaging MRI and Modular Operational Theatres. The Company is planning an IPO of upto 3818000 Equity Shares by raising money from public aggregating to Rs 20.61 Crore through Fresh Issue..