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You are here : IndiaNotes >> Research & Analysis >> IPOs >> Shalby Hospital IPO

Shalby IPO: All that you need to know

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INDUSTRY OVERVIEW


The Indian healthcare industry was estimated to be Rs9.2 trillion in 2016; growing at a CAGR of 14-15% over FY11-15. The healthcare industry is expected to grow at a CAGR of 15-16% during FY16-20 and expected to reach Rs 17.2 trillion in 2020.The healthcare delivery segment is largely driven by private sector players and occupies a major share of nearly 70% in the total number of hospitals; out of which organized private corporate hospitals comprise less than 10%. Deficient health infrastructure and lack of healthcare workforce, increasing population and life expectancy, increasing urbanization and healthcare awareness, growing prevalence of lifestyle disease are some of the growth drivers that can boost the healthcare industry in India.


VALUATION


Shalby limited has evolved as one of the largest private corporate healthcare groups in Gujarat with a network of 6 hospitals with a capacity of 1104 beds in 2017, well spread across Gujarat.


Having strong presence in western and central India and focus on tier-I and tier-II cities, it operates across five states, the outpatient clinics operate across 37 cities in 12 states in India, and SACE centers are present in seven cities in six states in India.


Considering, higher RONW amongst its peers with delivering higher EBITDA & PAT margins, company’s forthcoming expansion plans combined with reduction in debt plans, initiatives to improve operational efficiencies, we foresee growth for the company . Considering all these factors, we recommend to SUBSCRIBE the IPO with long term perspective.


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About Rudra Shares and Stock Brokers

RUDRA is one of the growing & dynamic brokerage houses with a strong presence in the Retail and HNI broking segment. With over 25 years of experience and lead by a team with outstanding managerial acumen, RUDRA is a professionally managed company supported by over 100 professionals, including Chartered Accountants, MBAs and other senior executives. RUDRA can thereby cater to its clients' short-term as well as long-term financial needs through a comprehensive bouquet of investment services. RUDRA offers a diverse range of financial services, including institutional and retail brokerage of Equity, Currency, Commodities, Derivatives, Online Trading, Depository Services, Fixed Deposits, IPOs and Mutual Funds Distribution, and Wealth Advisory & Research. RUDRA is looking to become one of the biggest broking houses. RUDRA Securities Limited, is a member of National Stock Exchange of India Limited, Bombay Stock Exchange Limited, MCX Stock Exchange, and Depository Participant of Central Depository Services (I) Limited. RUDRA can be approached online at www.rudrashares.com.

 

For more information please write in to [email protected]

Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.




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