KK Shah Hospitals IPO shares list at 24.7% premium at ₹56.10 on BSE SME

In this article, we will look at the KK Shah Hospital’s IPO. The shares of the hospital have made a very great debut on BSE SME, listed at Rs. 56.10 per share 27% higher than the official issue price of Rs. 45. The KK Shah Hospital listing date has been officially announced. So now the main spotlight of this article is KK Shah Shospital IPO and listing date, This time the shares of KK Shah Hospitals have made a very steeler debut which has surprised everyone. Now read this article till the end to learn everything regarding the debut of KK Shah Hospitals and do not miss any line.

KK Shah Hospitals IPO

On 6th November 2023, Monday, the KK Shah Hospitals made an amazing debut on the Bombay Stock Exchange (BSE) SME. According to the source, today the price of shares of KK Shah Hospitals has been officially listed at Rs. 56.10 per share 24.67% higher than its issue price of Rs. 45. As we look at its debut the shares of the KK Shah Hospitals has been slipped into the red. The share price of the hospitals went down to 2.85% trading at Rs. 54.50 per piece on BSE SME today at 10:17 Indian Standard Times (IST). Continue reading.

As we all know the KK Shah Hospitals IPO opened the subscription on 27th October 2023, Friday and then its subscription closed on 31st October 2023, Tuesday. So as per the reports, on the third day of its subscription. the small and medium firms (SMEs) received a good attraction from the non-institutional and retail investors. And both the portions went completely subscribed. If we take a look at the KK Shah Hospitals IPO details its price was issued of Rs. 8.78 crore. Then the entirely fresh issue was 19.5 lakh shares. The KK Shah Hospitals IPO price is Rs. 45 per share at the official face value of Rs. 10 per share.

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The promoters of KK Shah Hospitals are Dr. Kirti Kumar Shah and Dr. Amit Shah. So before the issue, the shareholding pattern of the promoters and promoter growth was 100%, and then when it got issued it went to 71.36%. The KK Shah Hospitals is going to utilize the net proceeds from the issue toward the buying of medical equipment for general corporate purposes. On 6th November 2023, the KK Shah Hospitals IPo GMP or the grey market premium is at +6. This has shown that the company’s share price was trading at the premium of Rs. 6 in the grey market today.

Prakash Israni
Prakash Israni

Prakash, the content creator for Techballad, has built a solid reputation for himself over the course of more than ten years of blogging