Mumbai, Feb. 21 -- The scrip was listed at 54, matching the initial public offer (IPO) price. The stock was currently frozen at its lower limit of 5% over its listing price.

The counter hit a high of Rs 54 and a low of Rs 51.30. About 1.20 lakh shares of the company changed hands at the counter.

Shanmuga Hospital's IPO was subscribed 2.43 times. The issue opened for bidding on 13 February 2025 and it closed on 17 February 2025. The price of the IPO was set at Rs 54 per share.

The IPO comprised fresh issue of 38,18,000 equity shares. The promoter and promoter group shareholding diluted to 71.95% from 100% pre-issue.

The company intends to utilize the net proceeds to meet funding capital expenditures towards the purchase of additional m...