ABH Healthcare IPO
- Issue price
- ₹102
- Listing price
- ₹99
- -2.94%
- Current price
- ₹41.45
- -59.36%
- Subscribed
- 1.42x
- Issue size
- ₹34.98 Cr
- Listed on
- 1 Sep 2026
IPO timeline
- Opens24 AugMon
- Closes27 AugThu
- Allotment27 AugThu
- Refunds28 AugFri
- Demat credit28 AugFri
- Listing1 SepTue
Issue details
- Price band
- ₹96 – ₹102 per share
- Issue size
- ₹34.98 Cr
- Fresh issue
- ₹34.98 Cr · 0.34 Cr shares
- Offer for sale
- None
- Issue type
- Fresh capital only
- Face value
- ₹10 per share
- Lot size
- 1,200 shares
- Minimum investment
- ₹1,22,400
- Listing on
- NSE SME
- Exchange code
- ABH-SM · ABH
Lot size and investment
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,22,400 |
| Retail (Max) | 1 | 1,200 | ₹1,22,400 |
| HNI (Min) | 2 | 2,400 | ₹2,44,800 |
Reservation
- QIB
- 1,99,200 shares (5.81% of the Offer)
- NII
- 15,28,800 shares (44.58% of the Offer)
- Retail
- 15,28,800 shares (44.58% of the Offer)
Allotment status
The allotment for this IPO is final. Check whether you received shares on the registrar's website using your PAN, application number or demat account (DP / Client ID).
Check allotment on Bigshare Services- 1Open the registrar's allotment page and select this IPO from the list.
- 2Enter your PAN, application number or DP / Client ID.
- 3Submit to see the number of shares allotted, if any.
- Basis of allotment
- 27 Aug 2026
- Refunds initiated
- 28 Aug 2026
- Shares credited to demat
- 28 Aug 2026
- Listing
- 1 Sep 2026
Grey market premium (GMP)
No grey market data is available for this issue.
GMP is an unofficial indicator from an unregulated market. It is shown for information only and is not a prediction of the listing price or a recommendation to apply.
Subscription status
- QIB8.37x
- NII (HNI)0.36x
- Retail1.69x
| Category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| Qualified Institutional Buyers (QIB) | 1,99,200 | 16,66,800 | 8.37x |
| Non-Institutional Investors (NII) | 17,01,600 | 6,09,600 | 0.36x |
| bNII — bids above ₹10 Lakh | 11,34,400 | 3,28,800 | 0.29x |
| sNII — bids ₹2 Lakh to ₹10 Lakh | 5,67,200 | 2,80,800 | 0.5x |
| Retail Individual Investors (RII) | 15,28,800 | 25,77,600 | 1.69x |
| Total | 34,29,600 | 48,54,000 | 1.42x |
Financials
- P/E Ratio
- 20.69
- EPS (₹)
- 4.93
- RoCE
- 19.09%
- RoNW
- 39.07%
- PAT Margin
- 10.74%
Separate pre- and post-issue P/E are not available for this IPO; the P/E shown is as disclosed for the issue.
| Period ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 26.27 | 32.96 | 51.35 | 61.03 |
| Total Income | 3.50 | 29.61 | 41.39 | 36.42 |
| Profit After Tax | 0.09 | 0.71 | 1.66 | 3.32 |
| EBITDA | 8.99 | 6.89 | 4.05 | 0.24 |
| NET Worth | 9.58 | 6.30 | 4.62 | 0.09 |
| Reserves and Surplus | 7.67 | 4.35 | 2.70 | 0.09 |
| Total Borrowing | 39.67 | 35.83 | 20.99 | 20.64 |
Peer comparison
| Company | Issue size | P/E | RoNW | PAT margin | Subscribed | Listing gain |
|---|---|---|---|---|---|---|
| ABH Healthcare This IPO | ₹34.98 Cr | 20.69 | 39.07% | 10.74% | 1.42x | -2.94% |
| Avience Biomedicals SME · listed 25 Jun 2026 | ₹30.24 Cr | 16.56 | 49.89% | 15.86% | 385.4x | +90.00% |
| Speciality Medicines SME · listed 30 Mar 2026 | ₹29 Cr | 10.49 | 28.30% | 14.77% | 2.19x | 0.00% |
| Himalaya Nutravedics India SME · listed 29 Sep 2026 | ₹26.5 Cr | 12.63 | 45.12% | 17.16% | 2.24x | +11.32% |
| Bio Medica Laboratories SME · listed 29 May 2026 | ₹52 Cr | 13.45 | 99.59% | 25.64% | 2.31x | -20.00% |
| Pramodini Medicare SME · listed 19 Aug 2026 | ₹69.04 Cr | 14.97 | 32.69% | 27.90% | 3.66x | +1.69% |
| Credent Connect N Care SME · listed 20 Aug 2026 | ₹93.9 Cr | 18.68 | 14.13% | 2.88% | 142.38x | +90.00% |
Peers are other recent IPOs from the same industry, closest in issue size. Ratios are as disclosed at the time of each issue. This is not the listed-peer table from the offer document.
About ABH Healthcare
ABH Healthcare Limited runs a hospital under the name Anil Baghi Hospital. It is a multi speciality hospital with 150 beds. The hospital offers 25 medical specialities. These include cardiac sciences, neurology, minimally invasive spine and brain surgery, medical and surgical gastroenterology, laparoscopic and bariatric surgery, urology, pulmonology, nephrology, ENT and maxillofacial surgery. The hospital is empanelled with 30 private and public health insurance companies and third party administrators, so patients can take cashless treatment. It also takes part in major government health schemes such as the Ex-Servicemen Contributory Health Scheme, Railways, Food Corporation of India, Bharat Sanchar Nigam Limited and Ayushman Bharat Sarbat Sehat Bima Yojana. As on 31 March 2025 it had 29 doctors and 137 nurses.
Strengths
- The hospital covers 25 medical specialities across 150 beds, so it is not dependent on one type of treatment.
- It is empanelled with 30 private and public insurance companies and third party administrators, which brings in cashless patients.
- It takes part in major government health schemes including ECHS, Railways, Food Corporation of India, BSNL and Ayushman Bharat Sarbat Sehat Bima Yojana, which gives a steady flow of patients.
- Net worth has improved every year shown, from Rs 0.09 crore in FY2022 to Rs 4.62 crore in FY2023, Rs 6.30 crore in FY2024 and Rs 9.58 crore as on 31 December 2024.
- The hospital runs under an established local name, Anil Baghi Hospital, and is led by a doctor led management team.
- It offers advanced procedures such as minimally invasive spine and brain surgery and bariatric surgery, which usually earn better than routine treatment.
- Rs 17.00 crore of the issue money will repay borrowings, which will reduce the interest burden.
Risks
- The financial data in the offer document is very old for an issue opening in August 2026. The latest period shown ends 31 December 2024 and is only a nine month stub, so there is no recent full year to judge the company on.
- The figures shown are internally inconsistent. For the period ended 31 December 2024 total income is shown as Rs 3.50 crore while EBITDA is shown as Rs 8.99 crore, which cannot both be right. These numbers must be checked in the RHP before relying on them.
- Profit has been falling year after year in the periods shown, from Rs 3.32 crore in FY2022 to Rs 1.66 crore in FY2023 and Rs 0.71 crore in FY2024.
- Debt is very high against own funds. Total borrowing was Rs 39.67 crore as on 31 December 2024 against a net worth of only Rs 9.58 crore, which is about four times.
- Total assets have been shrinking, from Rs 61.03 crore in FY2022 to Rs 51.35 crore in FY2023, Rs 32.96 crore in FY2024 and Rs 26.27 crore as on 31 December 2024.
- A part of the money is kept for inorganic growth through unidentified acquisitions. The company has not named any target, so investors do not know where that money will go.
- The whole business is one hospital, so any problem at that single location, whether staff, regulatory or reputational, affects everything.
- Government scheme patients usually come at fixed low rates and payments can be delayed, which puts pressure on cash flow.
- The hospital runs with 29 doctors and 137 nurses. In healthcare, patients often follow individual doctors, so losing a few key consultants can affect revenue.
- This is an SME issue. One lot is 1,200 shares, which is about Rs 1.22 lakh at the upper band of Rs 102, and SME shares usually trade in low volume after listing.
Objects of the issue
- Repayment / prepayment, in part or full, of certain of our borrowings₹17 Cr
- Funding our Working Capital Requirements; and₹4.3 Cr
- Funding inorganic growth through unidentified acquisitions and general corporate purposes (collectively referred to as “Objects”)
Promoters and shareholding
Kamal Baghi, Saurabh Baghi and Vaishali Saini
- Promoter holding, pre-issue
- 69.99%
- Promoter holding, post-issue
- 69.99%
Registrar, lead managers and documents
Company contact
Anil Baghi Road, Ferozepur, Punjab, Firozpur, Punjab, 152002
+91 7888690018
investor@anilbaghihospital.comDocuments
ABH Healthcare IPO: common questions
When does the ABH Healthcare IPO open and close?
The ABH Healthcare IPO opens on 24 Aug 2026 and closes on 27 Aug 2026.
What is the price band of the ABH Healthcare IPO?
The price band is ₹96 – ₹102 per share, with a lot size of 1,200 shares and a minimum investment of ₹1,22,400.
What is the size of the ABH Healthcare IPO?
The issue size is ₹34.98 Cr (Fresh capital only).
When is the ABH Healthcare IPO allotment?
The basis of allotment is expected on 27 Aug 2026. Allotment status can be checked with the registrar, Bigshare Services Private Limited.
When will the ABH Healthcare IPO list?
The shares listed on 1 Sep 2026 on NSE SME.
For business owners
Your company could be the next listing
Businesses like these raise growth capital on the public markets every week. Tell us about yours and our advisors will tell you, plainly, whether an IPO is within reach and what it would take.
- Eligibility check against NSE Emerge, BSE SME and Main Board norms
- Indicative valuation and issue size for your business
- A clear timeline from readiness to listing day
Check if your business can list
Fill in the eligibility form and get an assessment of where you stand. It takes about five minutes.
Prefer to talk? Call +91 95377 67203