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Shalby Limited IPO (Shalby Hospital IPO) Detail

December 5, 2017 - December 7, 2017

Shalby Hospital IPO is a book built issue of Rs 504.80 crores. The issue comprises of fresh issue of Rs 480.00 crore and offer for sale of 0.1 crore shares.

Shalby Hospital IPO bidding started from December 5, 2017 and ended on December 7, 2017. The allotment for Shalby Hospital IPO was finalized on Tuesday, December 12, 2017. The shares got listed on BSE, NSE on December 15, 2017.

Shalby Hospital IPO price band is set at ₹245 to ₹248 per share. The minimum lot size for an application is 60 Shares. The minimum amount of investment required by retail investors is ₹14,880.

Edelweiss Financial Services Ltd, Idfc Bank Limited and Iifl Securities Ltd are the book running lead managers of the Shalby Hospital IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Shalby Hospital IPO RHP for detailed information.

Shalby Hospital IPO Details

IPO Date December 5, 2017 to December 7, 2017
Listing Date December 15, 2017
Face Value ₹10 per share
Price Band ₹245 to ₹248 per share
Lot Size 60 Shares
Total Issue Size[.] shares
(aggregating up to ₹504.80 Cr)
Fresh Issue[.] shares
(aggregating up to ₹480.00 Cr)
Offer for Sale1,000,000 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue88,654,932
Share holding post issue108,009,770

Shalby Hospital IPO Reservation

Shalby Hospital IPO offers 14,521,686 shares. 4,165,267 (28.68%) to QIB, 3,070,626 (21.15%) to NII, 7,164,793 (49.34%) to RII, 121,000 (0.83%) to employees. 119,413 RIIs will receive minimum 60 shares and (sNII) and (bNII) will receive minimum 840 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered4,165,267 (28.68%)NA
NII (HNI) Shares Offered3,070,626 (21.15%)
Retail Shares Offered7,164,793 (49.34%)119,413
Employee Shares Offered121,000 (0.83%)NA
Total Shares Offered14,521,686 (100%)

Shalby Hospital IPO Timeline (Tentative Schedule)

Shalby Hospital IPO opens on December 5, 2017, and closes on December 7, 2017.

IPO Open Date Tuesday, December 5, 2017
IPO Close Date Thursday, December 7, 2017
Basis of Allotment Tuesday, December 12, 2017
Initiation of Refunds Wednesday, December 13, 2017
Credit of Shares to Demat Thursday, December 14, 2017
Listing Date Friday, December 15, 2017
Cut-off time for UPI mandate confirmation 5 PM on December 7, 2017

Shalby Hospital IPO Lot Size

Investors can bid for a minimum of 60 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 60 ₹14,880
Retail (Max) 13 780 ₹193,440
Lot Size Calculator

About Shalby Limited

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 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 (Shalby Hospital IPO Objectives)

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.

Shalby Hospital IPO Review (Apply)

[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...


Shalby Hospital IPO Subscription Status (Bidding Detail)

The Shalby Hospital IPO is subscribed 2.82 times on December 7, 2017 8:20:00 PM. 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)

CategorySubscription (times)
QIB4.34
NII0.42
Retail2.98
Employee1.44
Total2.82

Shalby Hospital IPO Prospectus

Shalby Hospital IPO Rating

1019
3.8
Rating:Rated 3.8 stars
Vote Here ...

Shalby Hospital IPO Listing Details

Listing Date December 15, 2017
BSE Script Code 540797
NSE Symbol SHALBY
ISIN INE597J01018
Final Issue Price ₹248 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹248.00
₹237.00
₹236.15
₹254.65
₹239.25
NSE
₹248.00
₹239.70
₹236.45
₹254.80
₹239.60

Check IPO Performance…

Shalby Limited Contact Details

Shalby Limited
Opposite Karnawati Club,
Sarkhej Gandhinagar Highway,
Near Prahlad Nagar Garden, Ahmedabad 380 015
Phone: +91 79 4020 3000
Email: companysecretary@shalby.in
Website: https://www.shalby.org/

Shalby Hospital IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/

Shalby Hospital IPO - Buy or Not

Shalby Hospital IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 2 0 0
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews

Shalby Hospital IPO FAQs

Shalby Hospital IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹504.80 Crores. The issue is priced at ₹245 to ₹248 per share. The minimum order quantity is 60 Shares.

The IPO opens on December 5, 2017, and closes on December 7, 2017.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Shalby Hospital IPO opens on December 5, 2017 and closes on December 7, 2017.

Shalby Hospital IPO lot size is 60 Shares, and the minimum amount required is ₹14,880.

You can apply in Shalby Hospital IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Shalby Hospital 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 Hospital IPO allotment status.

The Shalby Hospital IPO listing date is on December 15, 2017.
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Shalby Hospital IPO Message Board

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714 Comments

382. Rajendch |   Link |  Bookmark |January 9, 2018 8:02:23 PM
Shalby Limited: The company announced its financial results on Tuesday. It posted an increase in its net profit to Rs. 1019.99 crore for the quarter ended December 31, 2017. The stock should buy on January 10, 2018.

382.1. Arup jamshed |   Link |  Bookmark |January 9, 2018 8:28:39 PM (900+ Posts, 300+ Likes)
Lol ,1019crs is revenue.
381. SATYA VARAPRASAD |   Link |  Bookmark |January 8, 2018 3:26:13 PM
Hi Friends, What is the expected price (Shalby Limited) to sell this Share, I brought it on at 248rs, am holding 50 shares... Please help when to Sell Shelby Limited...
381.1. Rajendch |   Link |  Bookmark |January 8, 2018 5:55:54 PM
This is the time to buy. hold for long term.
381.2. Sitesh Gupta |   Link |  Bookmark |January 23, 2018 12:07:46 AM
60 shares 248 ke Hai .Kay kare
380. PearlRohit |   Link |  Bookmark |January 8, 2018 11:20:44 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
SHALBY LTD. ANNOUNCE LATEST SHARE HOLDING PATTERN
79.40 % PROMOTER, 19.65 PUBLIC, 0.94 OTHER HOLDING
PROMOTER HOLDING IS VERY GOOD. BUT OR HOLD THIS SHARE
379. Rajendch |   Link |  Bookmark |December 28, 2017 12:44:32 PM
Time to buy this stock, don''t be late.
378. Patel Aksh |   Link |  Bookmark |December 24, 2017 11:05:08 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Sell Emijeatly on Shalby. Continue Low..
377. IPO Analysts |   Link |  Bookmark |December 21, 2017 6:17:36 PM
Its time to buy more stocks of Shalby. Otherwise you will miss the opportunity just check its price after 6 months !!

Shalby is good management company(+ growing company) their future planning is very good to increase their profit easily for at least some years.

Do u remember the listing of the following IPOs?? They were closed in discount but see their price now same thing will repeat in Shalby.

Eris
Varun Beverages
L&T Info
HCG
Bharati Infratel
SIS
377.1. SoniAmit |   Link |  Bookmark |December 21, 2017 10:19:41 PM
Future supply ipo..is ko rokna chaiey ....ya sale out karna chaiey...
376. DashPra |   Link |  Bookmark |December 21, 2017 8:34:51 PM
This IPO making loss. Do I sell this ?
375. DashPra |   Link |  Bookmark |December 21, 2017 8:34:10 PM
Why people are selling share of this profit making company ?
374. SoniAmit |   Link |  Bookmark |December 20, 2017 10:30:26 PM
Kya karna chaiey abhi is ipo ka....kab tak cover hoga
373. ????????.A.R.???????? |   Link |  Bookmark |December 15, 2017 4:28:36 AM
Conviction says listing @ 257...
373.1. vishnu.agarwal |   Link |  Bookmark |December 20, 2017 9:55:26 AM
Kaha gya conviction....
372. Market kid |   Link |  Bookmark |December 18, 2017 8:46:37 PM
Many learned person warn about shalby, but you still holding then,
Target is 165.33 ,wait for that. Amen

See this


11. Market kid Dec 5, 2017 4:31:57 PM IST Reply
Shalby Limited IPO

Forum member must understand what is going on here,

On Nov28 gamble said
Revenue, PBT parallel but PAT swinging widely last 3 year, specially 2016 to 17, just before of an ipo
shalby ''''''''s CA must b good at financing and taxation!!!

On Dec 1 Priyank said
Shalby is not first priority of any local public (Ahmedabad )

Today nidhike suggesting
This will loot u this will koot u!!!!
PBT/PAT crooked.

Now let''''s see what Mr. Septa say !!


I learning financials now a days, and very much amazed why people calculate PE everytime? ?
PE is the last parameter to check upon.

Check EV/EBITDA , EV/PBT, EV/PAT
If all not go parallely then Dal me kuch kala hai, bruh

And check D/E, both line CAGRs, Brand Equity value, Market value, public opinion,RocE

Here EV/EBITDA is 1.5 times than other peers in case of shalby, also debt is too high.

So
Asli value of shalby is 248/1.5 = 165.3333333333 rs.

Wait for that.

Buy @165 for target 200 (due to good news of debt payment and new hospitals coming )

Requesting septa sir to not take PAT on DCF method, because PAT is TRAP here.

You say here PE low, Ronw higher than others,
But

PAT cooked,EPS wrong, PE wrong,

Ronw high due to nw(networth) of shalby is negligeble,Check it, compare it.

Anchor is not smarter than this forum.

Still take your own call only.and be trap for like millions of year.
372.3. Meekesh shah |   Link |  Bookmark |December 19, 2017 12:44:41 PM
Keep it up
Good work brother
372.4. Dani |   Link |  Bookmark |December 20, 2017 8:12:01 AM
Please suggest the books so that , we can also learn ...
371. Fakhru |   Link |  Bookmark |December 19, 2017 10:42:08 AM
I think many people here deserve such IPOs. Even after repeated warning, people don''t apply any sense and keep applying to such IPOs. They then end up spamming the forum by asking when to sell and when to hold. If few IPOs have done well, stop being greedy in thinking that every IPO will do well.
370. hiteshzee |   Link |  Bookmark |December 18, 2017 7:09:47 PM
Shelby still hold..pls tell what to do ?
369. Hiren K. |   Link |  Bookmark |December 15, 2017 10:34:30 PM
I also comment earlier. Dont invest on this type of faltu companies with higher P/E. Leave from this stock, will go down more and more. Hope you will understand.
369.3. Hiren K. |   Link |  Bookmark |December 18, 2017 11:45:42 AM
Down and down
369.4. mDelhi |   Link |  Bookmark |December 18, 2017 6:56:41 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
You post about GIC which is still below the issue price and Mahindra Logistics Limited IPO

3. Hiren K. Oct 11, 2017 3:43:29 PM IST Reply
General Insurance Corporation of India IPO

Very Good response from QIB on first day...
4. Hiren K. Oct 13, 2017 8:47:05 AM IST Reply
General Insurance Corporation of India IPO

My personal advice,. Go for GIC ipo, as Every Government company IPO or ofs back up by LIC. and for IPO base price -912 will sustained after LISTIING as government already having backup plan with LIC to maintain base price of 912. So don''''t sell on panic on listing....will not seen down fall.

6. Hiren K. Nov 1, 2017 8:54:05 AM IST Reply
Mahindra Logistics Limited IPO

Except last year performance, no any point to invest on this company on this much price. I agree with Septa sir, totally avoid this IPO.
368. SATYA VARAPRASAD |   Link |  Bookmark |December 18, 2017 3:39:01 PM
Hi Friends, Shalby is went down... How many days have to wait atleast get the 248 price.....
368.1. SATYA VARAPRASAD |   Link |  Bookmark |December 18, 2017 3:40:01 PM
Please reply and suggestions please....
367. gamble |   Link |  Bookmark |December 16, 2017 11:12:11 PM (1600+ Posts, 3900+ Likes)
Regarding New india Assurance

Currently trading at 45k cr valuation, with HY EPS 15, 1247cr PAT, FY expected EpS 23-25 rs , so PE somewhere 22-24,
BV somewhere 180(current 166)

P/B = 3x currently (545), plus 3% Dividend yeild

So, imo good entry point this range 540-500.

Gic re also good, entry point 750-780, pb 3x Pe 25

=> No big target just kip in mind that this 2 can replace your Bank FD for nxt 5 yr easily at this range.
367.3. gamble |   Link |  Bookmark |December 17, 2017 11:26:00 PM (1600+ Posts, 3900+ Likes)
Yes traded intraday on listing day in nia , some sold that day only in upside, other after hitting SL, now planning to enter without SL in sip mode.
367.4. Market kid |   Link |  Bookmark |December 17, 2017 11:43:51 PM
gamble bruh ,see this

Icici Lombard is peer of NIA okay )?

If you see PBT of both then
NIA 3000cr
IL. 1200cr

Now if do m.cap/PBT then
NIA = 15x
IL = 30x

If see Networth wise then new india is 4x of ILGI.

So this much difference shouldn''t be there,

NIA should command 20x of it''s PBT

20*3000 = 60000cr = 720 rs

Learning financial now a days,
It''s so much easy.

Am i right or am i right. ??
366. HNM HARDIK MODI |   Link |  Bookmark |December 15, 2017 6:36:52 PM
Holding 2 lots - what to do? Can hold till 2 months
366.1. HNM HARDIK MODI |   Link |  Bookmark |December 17, 2017 7:59:38 PM
Can somebody guide?
365. ????????.A.R.???????? |   Link |  Bookmark |December 16, 2017 9:12:44 PM
ET has an article interviewing V.Shah, Shalby promoter, might be an interesting read for some... though I feel, it''s just a face-off between ethics and putting up a good face in front of the media... Doctors who have turned Entrepreneurs are really like pathogen I believe!

Here: https://economictimes.indiatimes.com/markets/expert-view/over-last-10-years-we-had-been-growing-more-than-35-year-on-year-vikram-shah-shalby-hospitals/articleshow/62080389.cms
364. Anarchist |   Link |  Bookmark |December 15, 2017 4:53:02 PM (500+ Posts, 1400+ Likes)
Most people who make forum croaking the basis of their amazing get in / get out excercise would be out before the next trading day is out.. ..Ethics apart, it doesn''t appear as ugly as projected. As the newer capacities turn viable and the debt is retired, the glory would return and return in a style to make most who parted ways, envy....
364.1. ????????.A.R.???????? |   Link |  Bookmark |December 15, 2017 10:03:01 PM
My suggestion would be to hold till you get minimum 5% return to make up for the selling side brokerage and value for time and hassle encountered to apply plus FD interest of application amount for the period.

You applied to get some return, isn''t it? So, take into consideration of the above... Don''t be in loss.
364.2. Anarchist |   Link |  Bookmark |December 16, 2017 9:11:02 AM (500+ Posts, 1400+ Likes)
I don''t apply due to some restriction of non monetary type...but your advice to those who have, is fair and soothing unlike the taunting by the forum''s self proclaimed salvation army...
Keep it up buddy....
363. Thiagarajan Ramasamy |   Link |  Bookmark |December 15, 2017 9:28:40 PM
Top Contributor Top Contributor (700+ Posts, 200+ Likes)
Even though combined traded Volume is 1.22 Cr. Shares, Delivery Volume is only 24 lakh shares.