KK Shah Hospitals Limited, previously known as Jeevan Parv Healthcare, has wrapped up its initial public offering (IPO) on Tuesday. The IPO was aimed at raising Rs 8.78 crores through the issuance of 19.5 lakh shares at Rs 45 each. The offering saw a strong response from investors, with subscriptions reaching 13.58 times the total number of shares on offer.
The retail and other categories witnessed subscription rates of 9.41 and 17.75 times respectively. Retail investors were required to invest a minimum of Rs 135,000 for a lot size of 3000 shares. High Net Worth Individuals (HNI (NYSE:HNI)), on the other hand, needed to invest Rs 270,000 for two lots or 6,000 shares.
The allotment status of these shares is slated to be finalized on Friday, November 3, with the company's listing on the BSE SME platform scheduled for Wednesday, November 8. Investors can verify their allotment status via Bigshare Services Pvt Ltd or the BSE website.
KK Shah Hospitals, which operates a healthcare facility with over 26 beds in Ratlam, Madhya Pradesh since its establishment in 2022, offers both in-patient and out-patient services. Earlier this year in January 2023, the hospital entered into a partnership with Life Care Diet Service to provide food services to its patients.
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