New Delhi, Feb. 18 -- Shanmuga Hospital IPO allotment status: Following the closure of the initial public offer (IPO) of Shanmuga Hospital, investor focus has shifted to its allotment status, which is expected to be released on Tuesday, February 18.

Shanmuga Hospital IPO, which was open for bidding from February 13 to February 17, garnered 2.51 times bids. The retail portion was booked 4.41 times while the non-institutional investor (NII) portion was subscribed 0.6 times.

The Rs.20.62 crore IPO was entirely a fresh issue of 38.18 lakh shares. The IPO was priced at Rs.54 per share. Retail investors could apply for a minimum lot of 2,000 shares, requiring an investment of at least Rs.1,08,000.

The company plans to utilise the funds raise...