The KK Shah Hospitals IPO started on October 27, 2023, and ended on October 31, 2023. Shares were allocated on October 3, 2023, and refund processes began on October 6, 2023. On October 7, 2023, the shares were credited to investors demat accounts. KK Shah Hospitals was officially listed on the stock exchange on October 8, 2023.
During the IPO, KK Shah Hospitals offered shares at a price range of ₹45 per share, and the lot size was 3000 shares. The total issue size was ₹8.78 crores, with ₹8.78 crores from new shares. The IPO was listed on the BSE SME.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB) and 50% were set aside for retail investors.
KK Shah IPO Subscription Update Video
KK Shah Hospitals IPO Subscription Status
The KK Shah Hospitals IPO on October 27, 2023 was subscribed times, with the retail category being subscribed times, the NII (Non-Institutional Investor) category being subscribed times, the QIB (Qualified-Institutional Buyers) category being subscribed times.
| Category | Subscription |
| QIB | x |
| NII | x |
| Retail | x |
| Total | x |
KK Shah Hospitals IPO Basic Details
| Company Name | KK Shah Hospitals Limited |
| Domain of Company | Hospitals Company |
| KK Shah Hospitals IPO GMP Today | ₹0.00 |
| KK Shah Hospitals IPO Listing Gain | 0.00% |
| KK Shah Hospitals IPO Open Date | October 27, 2023 |
| KK Shah Hospitals IPO Close Date | October 31, 2023 |
| KK Shah Hospitals IPO Allotment Date | November 3, 2023 |
| KK Shah Hospitals IPO Listing Date | November 8, 2023 |
| Face Value | ₹10 per share |
| Price | ₹45 per share |
| Lot Size | 3000 Shares |
| Issue Size | 1,950,000 shares of ₹10 (aggregating up to ₹8.78 Cr) |
| Fresh Issue | 1,950,000 shares of ₹10 (aggregating up to ₹8.78 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Company Promoters | Dr. Amit Shah and Dr. Kirti Kumar Shah |
About KK Shah Hospitals Limited
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 story begins with Dr. Kirti Kumar Shah, a key figure in the company. He started a clinic in Ratlam in 1976, followed by a nursing home in 1991, named Shah Maternity and Nursing Home. Dr. Kirti Kumar Shah expanded his healthcare services by founding Shah Hospital and 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 provides various diagnostic services, including CT scans, DEXA scans, BMD, sonography, and X-ray machines. In the fiscal year 2021-22, the hospital conducted around 75-80 surgeries per month across various medical specialties, serving approximately 2,200-2,350 patients monthly. This included about 200-250 inpatient admissions and around 2,000-2,100 outpatient visits monthly. The hospital maintained an average bed occupancy rate of about 27.67% in December 2022, with an average of approximately 7.19 inpatients per day during the same month.
On January 28, 2023, the company signed an agreement with M/s. Life Care Diet Service to provide food services to its patients and operate a cafeteria for visitors at the hospital.
Additionally, KK Shah Hospitals is part of the Biomedical Waste Management System in Ratlam for responsible disposal of biomedical waste. The hospital is also accredited by the National Accreditation Board for Hospitals and Healthcare Providers (NABH) as a primary-level small healthcare organization in Madhya Pradesh.
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KK Shah Hospitals IPO FAQs
What is the start and end date of KK Shah Hospitals IPO Subscription?
The KK Shah Hospitals IPO started on October 27, 2023, and ended on October 31, 2023.
When does KK Shah Hospitals IPO Subscription open?
The KK Shah Hospitals IPO open on October 27, 2023.
When does KK Shah Hospitals IPO Subscription close?
The KK Shah Hospitals IPO Close on October 31, 2023.
What is the allotment date of KK Shah Hospitals IPO?
The allotment date for KK Shah Hospitals IPO is November 3, 2023.
When is the initial refund date of KK Shah Hospitals IPO?
The initial Refund date for KK Shah Hospitals IPO is November 6, 2023.
When were the shares credited to investors demat accounts for the KK Shah Hospitals IPO?
The shares for the KK Shah Hospitals IPO were credited to investors demat accounts on November 7, 2023.
When will KK Shah Hospitals IPO be listed on the stock market?
KK Shah Hospitals IPO stock market will be listed on November 8, 2023 at 10 am.
What was the price range of the KK Shah Hospitals IPO shares?
The KK Shah Hospitals IPO shares were offered at a price range of ₹45 per share.
What was the lot size for the KK Shah Hospitals IPO shares?
The lot size for the KK Shah Hospitals IPO shares was 3000 shares.
What was the total issue size of the KK Shah Hospitals IPO?
The total issue size of the KK Shah Hospitals IPO was ₹8.78 crores.
How were the shares allocated among different types of investors for the KK Shah Hospitals IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 50% were reserved for Retail.
On which stock exchanges was the KK Shah Hospitals IPO listed?
The KK Shah Hospitals IPO was listed on the BSE SME.
What is the KK Shah Hospitals IPO Subscription Status?
KK Shah Hospitals IPO is subscribed Times.
