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29-Nov2017

Shalby Hospitals coming with an IPO to raise Rs 505 crore

Ahmedabad-based Shalby Hospitals is coming out with an initial public offering (IPO) to raise about Rs 505 crore in a price band Rs 245- 248  per equity share. The issue will open on December 5, 2017 and will close on December 7, 2017. The company's shares are proposed to be listed on the BSE and NSE.

Proceeds of the fresh issue would be utilised towards repayment of certain borrowings availed by the company besides purchasing medical equipment for existing, recently set-up as well as upcoming hospitals. The company also aims to spend the proceeds towards the purchase of interior and infrastructure for upcoming hospitals besides leaving a portion for general corporate purposes. The book running lead managers for the issue are Edelweiss Financial Services, IDFC Bank and IIFL Holdings. 

Shalby hospital is a chain of Multi-specialty tertiary care hospitals based out of Ahmedabad. It has combined bed strength of more than 700 beds with its multispecialty hospitals across Gujarat and Goa. To cater to specific needs of International Patients, the company has a dedicated International Patients Cell providing round the clock services to International Patients.


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