ABH Healthcare
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ABH Healthcare IPO

IPO Open Now
₹2,30,400
0.33 xOver-subscribed
Bidding Dates 24 Aug, 26 -27 Aug, 26
Min Investment ₹2,30,400
Lot Size1,200
Price Range ₹96 – ₹102
Issue Size ₹34.98 Cr.
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IPO Subscription Details
Retail Subscription Details
0.24 x
Non-Institutional Buyers (sHNI)
0.03 x
Non-Institutional Buyers (bHNI)
0.01 x
Qualified Institutional Buyers (QIB)
3.45 x
Total
0.33 x
IPO Timeline
IPO Offer Start
24 Aug,26
IPO Offer Ends
27 Aug,26
Allotment Finalisation
28 Aug,26
Refund Initiation
31 Aug,26
Listing of Shares
01 Sept,26

IPO Analysis

Strengths
Strenghts

The company is led by qualified and experienced management team including U.S.-trained doctors with extensive expertise in their respective clinical specialties, bringing decades of healthcare experience and international standards to operations.

Strenghts

The company prioritizes attracting and retaining renowned clinicians with over 30% of doctors associated for more than 5 years, including team members trained at institutes in India and overseas with full-time commitment.

Strenghts

The company offers medical services across 25 specialties covering comprehensive healthcare needs, with diversified revenue streams reducing concentration risks and serving as a one-stop solution for routine and complex medical conditions.

Risks
Risk

The company was incorporated in March 2021 and acquired the business of M/s. Anil Baghi Hospital in March 2022, resulting in limited operating and financial history. This makes it difficult to evaluate current or future prospects based on historical results, and future revenues and profitability could fluctuate significantly.

Risk

The company derives 100% of its revenue from its only hospital in Ferozepur, Punjab (₹5,104.37 lakhs in Fiscal 2026 and ₹4,891.62 lakhs in Fiscal 2025). Any adverse event affecting this single location could have a material impact on business operations and financial condition.

Risk

The company faces risks from technological changes, equipment failures, and malfunction of medical equipment. The company incurred ₹396.23 lakhs, ₹142.39 lakhs, and ₹889.51 lakhs for equipment additions in Fiscal 2026, 2025, and 2024 respectively, with potential for asset impairment.

Objectives

The company proposes to utilize funds from the Net Proceeds towards repayment/prepayment, in part or full, of certain borrowings to reduce outstanding indebtedness, debt servicing costs, and improve debt-to-equity ratio.

The company proposes to utilize funds from the Net Proceeds towards funding its working capital requirements to support future growth requirements and business operations.

The company expects to utilize funds from the Net Proceeds towards funding inorganic growth through unidentified acquisitions and general corporate purposes, subject to regulatory limits under SEBI ICDR Regulations.

Yearly Financial Results

Annual Financials
Mar 2025
Mar 2026
Revenue
49.27
52.51
Expenses
41.89
44.66
Other Income
0.05
0.08
Total Revenue
49.32
52.59
Profit Before Tax
7.43
7.93
Net Profit
5.35
5.64

Balance Sheet

Balance Sheet
Mar 2025
Mar 2026
Total Assets
63.90
85.27
Current Assets
26.62
41.54
Fixed Assets
37.29
43.73
Total Equity & Liabilities
63.90
85.27
Total Liabilities
52.20
67.93
Current Liabilities
21.15
14.14
Non Current Liabilities
31.05
53.79
Total Equity
11.69
17.34

Cash Flow

Cash Flow
Mar 2025
Mar 2026
Net Cash Flow
0.59
2.42
Investing Activities
-4.53
-9.14
Operating Activities
3.54
2.11
Financing Activities
1.58
9.45

About ABH Healthcare

ABH Healthcare Limited operates a 150-bed multi-specialty tertiary care hospital under the "Anil Baghi Hospital" brand in Ferozepur, Punjab. The company focuses on providing specialized healthcare services in Tier 3 cities, offering 25 medical specialties including cardiac sciences, neurology, minimally invasive surgeries, gastroenterology, and critical care. The hospital, acquired in...more
Managing DirectorDr. Kamal Baghi