KK Shah Hospitals IPO GMP Today ( Grey Market Premium )

The KK Shah Hospitals IPO commenced on October 27, 2023, and concluded on October 31, 2023. The allotment of shares took place on November 3, 2023, and the initiation of refunds began on November 6, 2023. The shares were credited to the demat accounts of investors on November 7, 2023. Finally, the listing of KK Shah Hospitals on the stock exchange occurred on November 8, 2023.

The KK Shah Hospitals IPO was priced at ₹45 per share, with a lot size of 3000 shares. The total issue size was ₹8.78 crores, comprising a fresh issue of ₹8.78 crores. The IPO was listed on the BSE SME.

In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares and the retail quota was reserved for 50% of the shares.

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KK Shah Hospitals Limited, previously known as Jeevan Parv Healthcare Limited, was established in 2022. It operates a hospital in Ratlam, Madhya Pradesh, offering both inpatient and outpatient healthcare services.

The company’s journey began with Dr. Kirti Kumar Shah, one of its promoters, who started a clinic in Ratlam back in 1976. In 1991, he expanded by opening a nursing home called Shah Maternity and Nursing Home. Later, he set up Shah Hospital, bringing in renowned doctors. In December 2022, KK Shah Hospitals acquired M/s Shah Hospital (formerly known as Shah Maternity and Nursing Home) through a Business Transfer Agreement.

KK Shah Hospital has more than 26 beds for patients and is well-equipped with diagnostic tools such as CT scans, DEXA scans, BMD, sonography, and X-ray machines. During the fiscal year 2021-22, and also from April 1, 2022, to February 15, 2023, the hospital performed approximately 75-80 surgeries each month, including over 30 orthopedic procedures, 15 gynecological surgeries, 25 general surgeries, and 10 dental surgeries, among others. It provided healthcare services to around 2,200-2,350 patients each month, with about 200-250 inpatients and 2000-2100 outpatients. In December 2022, the hospital had an occupancy rate of about 27.67% and an average of approximately 7.19 inpatients per day.

On January 28, 2023, the company partnered with M/s. Life Care Diet Service to offer food services to its patients and a cafeteria for their attendants within the hospital.

The company is a part of the Biomedical Waste Management System in Ratlam for disposing of biomedical waste. It has also received certification from the National Accreditation Board for Hospitals and Healthcare Providers (NABH) as a primary-level small healthcare organization in Madhya Pradesh.

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