Shalby Hospital IPO – COMPANY PROFILE, IPO DATE, PRICE BAND, ANALYSIS
Shalby Hospital (Shalby Limited) – one of the leading multi-specialty chain of hospitals in India is planning to raise INR 504.80 crore (480 crore of Fresh Issue + 24.80 crore of OFS) via initial public offer (IPO)
Shalby Hospital – Company Profile
- Shalby Hospitals (Shalby Limited), established by Dr. Vikram I. Shah in 1994 in Ahmedabad, Gujarat, operates a chain of multispecialty hospitals across India, holding an aggregate bed capacity of over 2000 hospital beds.
- Shalby’s recognition as a multispecialty tertiary hospital chain in the Indian healthcare industry was envisioned by its founder Dr. Vikram Shah – CMD, who has been felicitated by Ethicon India for the development of the ‘OS Needle’.
Working Area
- Shalby Hospital provides inpatient and outpatient healthcare services through 8 fully operational hospitals with an aggregate operational bed count of 781.
- The Hospital also provides outpatient consultative healthcare services through 3 hospitals and 68 Outpatient Clinics.
- The Hospital has 8 shared surgery centers within 3rd party hospitals.
- Shalby Hospitals is a world renowned Joint Replacement Centre today establishing many records. Since 2007, the hospital has successfully performed thousands of joint replacement surgeries. In fact, the Shalby Hospital had a 15% market share of all joint replacement surgeries conducted by private corporate hospitals in India in 2016.
- Apart from a focus on orthopaedics, Shalby hospitals provide advanced levels of care across various specialties such as neurology, cardiac care, critical care, oncology, and nephrology.
How Shably Operates
- Shalby hospitals operate across 5 states and Outpatient Clinics operate across 53 cities in 16 states in India.
- The hospital also has 6 Outpatient Clinics and 1 Shalby Arthroplasty Centre of Excellence (SACE) in Africa, and 2 SACE in the UAE.
- The company is expanding footprint in western and central India with hospitals being set up in Nashik and Vadodara.
Awards
Shalby receives Healthcare Service Provider Company of the Year – 2013
Shalby Hospitals has been bestowed upon with another award at 5th Annual India Healthcare Excellence Awards 2013 by Frost & Sullivan held at The Lalit, Mumbai on 27th September 2013. Shalby is recognized “Healthcare Service Provider Company of the year (Revenue less than Rs 500 Crore)” by Frost & Sullivan during the award night held with grand celebrations.
FICCI Healthcare Excellence Award – 2011
Shalby has received FICCI Operational Excellence Award, 2011.
Rajiv Gandhi National Quality Award – 2010
Shalby Hospitals, has added another feather in its cap by winning the prestigious Rajiv Gandhi National Quality Award 2010, instituted by the Union Ministry of Consumer Affairs, Food and Public Distribution.
Patient Served
Since March 2007, Shalby has conducted an aggregate of 92,100 surgeries, and provided healthcare services to an aggregate of 1,025,533 patients, consisting 133,652 inpatients and 891,881 outpatients.
Company Promoters
- Dr Vikram Shah
- Dr Darshini Shah
- Shanay Shah
- Zodiac Mediquip Limited and
- Shah Family Trust
IPO Opening / Closing Dates & Listing
IPO Details – Price, Minimum Bid and Other
Financial Performance
Revenues
The Company shows steady revenue growth in recent years. Top-line has been increasing regularly for the last 5 years and jumped from INR 168.48 crore in FY 2012 to INR 244.08 crore for the period ended 31 DEC 2016.
Profits
Though the company has shown steady growth in revenue, the company has also registered consistent growth in profits in these 5 years. Starting from INR 25.806 crore of profits in FY 2012, the company’s earnings improved to INR 47.511 crore for the period ended 31 DEC 2016.
CONCLUSION –
Considering company’s valuation and financial parameters, FinBlab recommends NEUTRAL ratings on Shalby Hospital IPO
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