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Shalby Hospitals IPO opens at a price band of Rs 245-248 per share
Shalby Hospitals, a known name in multi-speciality hospital circuit today, opened for subscription, their initial public offering (IPO) on Tuesday which will close on December 7.

The price band of the Rs 504 crore IPO has been set between 245 to 248 rupees per equity. Bids can be made for a minimum lot of 60 shares, and in multiples. The equity shares shall be offered through the RHP (Red Herring Prospectus) and will be listed on BSE and NSE.

Shalby has allocated 6070150 units of equity shares aggregating Rs 150 crore to 11 anchor investors. The anchor investors includes the biggies like Goldman Sachs India Limited with 15.94 per cent; Citigroup Global Markets Mauritius Private Limited with 8.3 per cent; and many more like Axis, IIFL, Reliance Nippon, Kotak, SBI Life etc.

It's also noteworthy that Narayana Hrudayalaya, one of the other contenders from the sector have also been listed recently within the same price band. Shalby Hospitals, led by renowned orthopedic surgeon Dr Vikram Shah, is a leading multi-speciality hospital chain of 11 operational hospitals with a combined capacity of 2012 beds in Mumbai, Ahmedabad, Indore and Jaipur. They have proficiency in joint replacement having a 15 per cent share in the domestic market. Headquartered in Ahmedabad, Shalby also has its presence in Africa and the Middle East.

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