SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Shalby Hospitals gets SEBI’s nod to raise funds via IPO

19 Jul 2017 Evaluate

Ahmedabad-based Shalby Hospitals has received markets regulator Securities and Exchange Board of India’s (SEBI) approval to raise funds through an initial public offering (IPO). The public offer will comprise a fresh sale of shares worth Rs 580 crore besides an offer for sale of 10 lakh shares by promoter Vikram Shah. The company’s shares are proposed to be listed on the BSE and NSE.

The company, which filed the draft red herring prospectus with the SEBI in May, got the regulator’s approval on July 14. Proceeds of the fresh issue would be utilised towards repayment of certain borrowings availed by the company besides purchasing medical equipment for existing, recently set-up as well as upcoming hospitals. The company also aims to spend the proceeds towards the purchase of interior and infrastructure for upcoming hospitals besides leaving a portion for general corporate purposes. The lead managers for the issue are Edelweiss Financial Services, IDFC Bank and IIFL Holdings. 

Shalby hospital is a chain of Multi-specialty tertiary care hospitals based out of Ahmedabad. It has combined bed strength of more than 700 beds with its multispecialty hospitals across Gujarat and Goa. To cater to specific needs of International Patients, the company has a dedicated International Patients Cell providing round the clock services to International Patients.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×