Shalby IPO
Shalby IPO — date, price band, lot size & details 2017
Shalby listed on 15 Dec 2017 at ₹239.7, 3.3% below the ₹248 issue price.
Shalby is an Ahmedabad based multi speciality hospital chain with 8 operating hospitals and 781 beds. Its total income was Rs 332.86 crore in FY2017.
Stock price
Shalby is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 05 Dec 2017
- Close 07 Dec 2017
- Allotment 12 Dec 2017
- Refund/credit 13 Dec 2017
- Listing 15 Dec 2017
Issue summary
The terms of the offer, as filed.
| IPO Dates | 5 to 7 Dec, 2017 |
|---|---|
| Price Band | ₹245 – ₹248 |
| Face Value | ₹10 |
| Lot Size | 60 Shares |
| Issue Size | ₹504.8 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,880 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 60 shares at the ₹248 cut-off. Drag to size your application.
| 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 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01It ran 8 operational hospitals with 781 beds and 68 outpatient clinics.
- 02Profit after tax rose from Rs 24.55 crore in FY2015 to Rs 61.57 crore in FY2017.
- 03Rs 300.00 crore of the issue was for repaying loans.
- 04Net worth rose from Rs 168.43 crore in FY2015 to Rs 288.90 crore on 30 June 2017.
Risks · 5
- 01Total borrowing rose from Rs 81.25 crore in FY2015 to Rs 311.47 crore in FY2017.
- 02Total income grew slowly, from Rs 277.63 crore in FY2015 to Rs 332.86 crore in FY2017.
- 03New hospitals take years to fill beds and turn profitable; Rs 63.58 crore was for medical equipment.
- 04Hospital pricing faces regulation and pressure from insurers; total assets were Rs 777.71 crore.
- 05Promoter holding fell from 97.86% before the issue to 79.4% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Shalby offer document.
| Metric | 30 Jun 2017 | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|---|
| Assets | 777.71 | 718.18 | 503.91 | 351.34 |
| Total Income | 90.60 | 332.86 | 292.56 | 277.63 |
| Profit After Tax | 14.48 | 61.57 | 36.32 | 24.55 |
| NET Worth | 288.90 | 265.70 | 205.02 | 168.43 |
| Reserves and Surplus | 200.25 | 178.29 | 117.14 | 133.05 |
| Total Borrowing | 310.93 | 311.47 | 210.39 | 81.25 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
₹481.21 Cr of the issue is earmarked to named objects.
Shalby IPO Anchor Investors
13 anchor investors across 10 fund houses committed ₹150.53 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
It provides inpatient and outpatient care through 8 fully operational hospitals with 781 operational beds.
It also provides outpatient consultations through 3 hospitals and 68 outpatient clinics.
The IPO was Rs 504.8 crore, with Rs 480.00 crore of fresh issue and Rs 24.80 crore of offer for sale, at Rs 248, the top of the Rs 245 to Rs 248 band. Most of the money was for repaying loans and buying medical equipment.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Shalby IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
IIFL Capital Services Limited
146 issues handledBest listing: Unicommerce eSolutions (+117.6%). Weakest: ICICI Securities (-16.3%).
IDFC Bank Ltd
10 issues handledBest listing: Dixon Technologies (India) (+54.3%). Weakest: New India Assurance (-6.3%).
Edelweiss Financial Services Ltd
73 issues handledBest listing: Route Mobile (+104.9%). Weakest: ICICI Securities (-16.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Shalby?
The current Grey Market Premium is ₹7.5, or 3% over the issue price.
What is the Shalby IPO price band?
₹245 to ₹248, on a face value of ₹10.
When is the allotment?
The basis of allotment is 12 December 2017, with listing on 15 December 2017.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
