ABH Healthcare IPO
LISTEDSMEABHListing Performance
▼ 2.94%
Issue Price
₹102
Listing Price
₹99
Listed On
01 Sep 2026
- Price Band
- ₹96 – ₹102
- Lot Size
- 1,200
- Lot Value
- ₹1,22,400
- Open Date
- 24 Aug24 Aug 2026
- Close Date
- 27 Aug27 Aug 2026
- Min Investment
- ₹1,22,400
ABH Healthcare — Stock Performance
About ABH Healthcare
ABH Healthcare operates a 150-bed multi-specialty tertiary care hospital in Ferozepur, Punjab, under the brand “Anil Baghi Hospital.” The company focuses on providing a wide range of healthcare services, including advanced clinical care across approximately 25 specialties. Core disciplines include cardiac sciences, neurology, minimally invasive spine and brain surgeries, gastroenterology, orthopedics, and joint replacement. The hospital generates revenue through a mix of in-patient and out-patient services, supported by a network of over 30 public and private insurance companies and TPAs. Operations are supported by a robust infrastructure that includes an in-house pharmacy, a pathology laboratory, and advanced medical equipment. The business model is centered on delivering comprehensive and accessible medical care, from emergency services and critical care to specialized treatments, to the community in and around the Tier-3 city of Ferozepur.
Use of IPO Proceeds
Total allocation: ₹21.30 Cr (excludes issue expenses)
Promoters
Dr. Saurabh Baghi
Promoter and Managing Director · age 40
Pre-issue: 68.5%
Dr. Kamal Baghi
Promoter and Whole-time Director · age 70
Pre-issue: 30%
Dr. Vaishali Saini
Promoter and Non-Executive Director · age 41
Pre-issue: 1.5%
Investment Analysis
Quick Analysis: 5 strengths · 5 risk factors· Exchange: NSE SME
Strengths (5)
- •Doctor-led professional management team with proven execution capabilities.
- •Track record of delivering quality clinical care by attracting and retaining renowned clinicians.
- •Diversified operations across multiple clinical specialties, payor mix, and hospitals.
- •Robust operating infrastructure, including modern information technology and medical equipment.
- •Consistent track record of stable operating and financial performance and growth.
Risk Factors (5)
- •Significant dependency on key personnel, including promoters and healthcare professionals.
- •Revenues are significantly dependent on a single hospital located in Ferozepur, Punjab.
- •Inability to keep pace with technological changes and new equipment may adversely affect business.
- •Business is subject to legal claims and regulatory actions arising from healthcare services.
- •The company does not own the premises for its hospital, which operates on a leasehold basis.
Demand snapshot
Subscription and grey market data as reported. Not a recommendation.
- Subscribed 1.41x (QIB 8.37x, NII 0.36x, Retail 1.68x) at close
Investor Quota
Approx. shares reserved per category
Estimated from total issue size; actual reserved lots are set in the RHP.
Application Lot Sizes
Retail caps at ₹2,00,000 (1 lots here). S-HNI is ₹2L–₹10L, B-HNI is above ₹10L.
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,200 | ₹1,22,400 |
| Retail (max) | 1 | 1,200 | ₹1,22,400 |
| S-HNI (min) | 2 | 2,400 | ₹2,44,800 |
| S-HNI (max) | 8 | 9,600 | ₹9,79,200 |
| B-HNI (min) | 9 | 10,800 | ₹11,01,600 |
Subscription Status
| Category | Day 1 | Day 2 | Day 3 | Day 4 |
|---|---|---|---|---|
| QIB | — | — | — | 8.37x |
| sNII (S-HNI) | — | — | — | — |
| bNII (B-HNI) | — | — | — | — |
| Retail | — | — | — | 1.68x |
| Total | — | — | — | 1.41x |
Colour: red <1x · amber 1–10x · green ≥10x oversubscribed.
Allotment Statistics
Retail Individual Investors (RII)
Subscription
1.68x
Allotment Ratio
1 lot per 2 applicants
Allotment Probability
~59.5%
Non-Institutional Investors (NII / HNI)
Subscription
0.36x
Allotment Type
Proportionate allotment
Qualified Institutional Buyers (QIB)
Subscription
8.37x
Allotment Type
Discretionary allotment
Total Subscription
1.41x
Allotment probability is estimated based on subscription data and is not guaranteed. Actual allotment depends on the registrar's process.
Basis of Allotment
Category-wise subscription & allotment ratio
Weigh your chances
IPO Timeline
Issue Opens
24 Aug 2026 · Mon
Issue Closes
27 Aug 2026 · Thu
UPI Deadline
27 Aug 2026 · Thu
Allotment
27 Aug 2026 · Thu
Refund
31 Aug 2026 · Mon
Share Credit
31 Aug 2026 · Mon
Listing
01 Sep 2026 · Tue
Issue Opens
24 Aug 2026 · Mon
Issue Closes
27 Aug 2026 · Thu
UPI Deadline
27 Aug 2026 · Thu
Allotment
27 Aug 2026 · Thu
Refund
31 Aug 2026 · Mon
Share Credit
31 Aug 2026 · Mon
Listing
01 Sep 2026 · Tue
IPO Details
| Registrar | Bigshare Services Private Limited |
| Exchange | NSE SME |
| ISIN | — |
| Face Value | ₹10 |
| Issue Size | ₹35.00 Cr |
| Fresh Issue | — |
| OFS Size | — |
| Lead Managers | Fedex Securities Private Limited |
3-Year Financial Summary
Revenue trend
↑ FY23→FY25
| Fiscal Year | Revenue (₹Cr) | PAT (₹Cr) | EPS | P/E | ROE |
|---|---|---|---|---|---|
| FY25 | 36.38 | 3.32 | 2.07 | — | 30.33% |
| FY24 | 41.38 | 1.66 | — | — | — |
| FY23 | 29.61 | 0.71 | — | — | — |
Detailed Line Items (₹ Cr)
| Line Item | FY23 | FY24 | FY25 |
|---|---|---|---|
| EBITDA | 4.05 | 6.89 | 8.99 |
| Net Worth | 4.62 | 6.3 | 9.58 |
| Total Borrowings | 20.99 | 35.83 | 39.67 |
From the company's offer document (DRHP/RHP); restated figures where available.
Valuation at Issue Price
Issue P/E
49.3x
Price ÷ EPS
EPS (FY25)
₹2
Earnings per share
RoNW
30.33%
Return on net worth
ROCE
14.96%
as reported in filing
EBITDA margin
24.7%
EBITDA ÷ revenue
Price/NAV
12.96x
Price ÷ NAV (as reported)
Check the valuation yourself
Company Fundamentals
9 sections extracted from this filingCapital Structure
Capital structure not disclosed in this filing.The capital-structure table was not found in ABH Healthcare's offer document (common in abridged prospectuses).
Shareholding Pattern
Pre-Issue
Pre-Issue not disclosed in this filing.Not separately disclosed in ABH Healthcare's filing.
Post-Issue
Post-Issue not disclosed in this filing.Not separately disclosed in ABH Healthcare's filing.
Source: ABH Healthcare offer document (DRHP/RHP).
Reservations & OFS
Investor Reservation
- QIB+50.00%
- NII / HNI+15.00%
- Retail+35.00%
OFS Selling Shareholders
No offer-for-sale component (or sellers not disclosed).
Source: ABH Healthcare offer document (DRHP/RHP).
Board & Management
Board of Directors (6)
- Dr. Kamal Baghi
Chairman & Whole-time Director
- Dr. Saurabh Baghi
Managing Director
- Dr. Vaishali Saini
Non-Executive Director
- Mr. Yog Raj Saini
Non-Executive Independent Director
- Dr. Satnam Singh Nijjar
Non-Executive Independent Director
- Mr. Balwinder Singh
Non-Executive Independent Director
Key Managerial Personnel (2)
- Mr. Rahul Sharma₹0.00 Cr p.a.
Company Secretary and Compliance Officer
Qualified Company Secretary, Associate member of Institute of Company Secretaries of India, Bachelor of Commerce from Punjab University
over 3 years in secretarial compliances
- Mr. Rajeev Agarwal₹0.00 Cr p.a.
Chief Financial Officer
Qualified Chartered Accountant, member of Institute of Chartered Accountants of India
more than 3 decades in accounts and finance
Source: ABH Healthcare offer document (DRHP/RHP).
Industry & Market
Industry figures as stated in ABH Healthcare's offer document.
Peer Comparison
| Company | P/E | EPS | RoNW % | NAV |
|---|---|---|---|---|
| ABH Healthcare Limited | — | 2.07 | 30.33 | 7.87 |
Material Litigation
ABH Healthcare Limited is party to a civil suit for recovery of ₹0.62 lakhs in principal plus interest against a patient for a dishonored cheque, and a tax appeal regarding denial of tax credits of ₹18.57 lakhs. Additionally, the company faces three direct tax cases totaling ₹11.14 lakhs in aggregate demands.
Registrar (RTA)
SEBI-registered Registrar & Transfer Agent — handles allotment and refunds.
Registrar:Bigshare Services Private Limited→Lead Managers (BRLMs)
Click any merchant banker for their full IPO track record (positive listing rate, average gain, IPOs managed).
Documents
Frequently Asked Questions
When is the ABH Healthcare IPO opening?
The ABH Healthcare IPO opens on 24 Aug 2026 and closes on 27 Aug 2026. Check this page for the latest updates as we refresh every 30 minutes.
What is the price band of the ABH Healthcare IPO?
The price band for the ABH Healthcare IPO is ₹96 to ₹102. The final price is announced after the book-building process and is confirmed before listing.
What is the lot size and minimum investment for the ABH Healthcare IPO?
The minimum lot size is 1200 shares with a minimum investment of ₹1,22,400. Retail investors can apply for up to the retail limit defined by SEBI.
What is the GMP of ABH Healthcare IPO today?
Grey Market Premium data for ABH Healthcare is not available yet. It typically starts appearing a few days before the IPO opens.
When will the ABH Healthcare IPO list on NSE and BSE?
The ABH Healthcare IPO is expected to list on 01 Sep 2026 on NSE SME. Actual listing day trading begins at the start of the normal market session.
How can I check the ABH Healthcare IPO allotment status?
The registrar for this IPO is Bigshare Services Private Limited. You can check your allotment status on the registrar's portal using your PAN, application number, or DP ID. We link to the registrar directly on our allotment page after the allotment date.
Is the ABH Healthcare IPO a mainboard or SME issue?
ABH Healthcare is a SME IPO that will list on the NSE Emerge or BSE SME platform. SME IPOs require a minimum application value of one lakh rupees.
How do I apply for the ABH Healthcare IPO?
You can apply for the ABH Healthcare IPO through any SEBI-registered broker such as Zerodha, Upstox, or Angel One using UPI or ASBA while the issue is open for bidding.
What is the allotment ratio for ABH Healthcare IPO?
Based on the retail subscription of 1.68x, the estimated allotment ratio is 1 lot per 2 applicants (approximately 59.5% chance of allotment). This is an estimate and actual allotment may vary.
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