ABH Healthcare, operating under the 'Anil Baghi Hospital' brand, is set to launch its Initial Public Offering (IPO) on Monday, August 24, with subscriptions open until Thursday, August 27, 2026. The Firozpur, Punjab-based healthcare provider aims to raise Rs 35 crore through this maiden public offering, listing on the NSE Emerge platform.
IPO Key Details
The IPO will offer shares in a price band of Rs 96-102 apiece. Investors must apply for a minimum lot size of 1,200 equity shares, with multiples thereafter. At the upper end of the price band, one lot will cost Rs 1,22,400. Retail investors are required to apply for at least two lots (2,400 shares), totaling Rs 2,44,800.
The issue comprises a fresh sale of 32,56,800 equity shares, raising Rs 33 crore, and a total issue size of 34,29,600 equity shares, including a market maker portion. Following the subscription period, the basis of allotment is expected to be finalized on Friday, August 28, with refunds processed by Monday, August 31. The company's shares are slated for listing on Tuesday, September 1, 2026.
About ABH Healthcare
Incorporated in 2021, ABH Healthcare provides a wide range of medical services through its 150-bed Anil Baghi Hospital. The facility boasts 25 medical specialities, including cardiac sciences, neurology, minimally invasive spine & brain surgeries, and various gastroenterology, urology, and pulmonology services. As of June 30, 2026, the hospital employs 37 doctors and 101 nurses and is empaneled with 30 private and public health insurance providers.
Proceeds from the IPO are earmarked for several key initiatives, including the repayment of existing debt, funding working capital requirements, supporting inorganic growth through acquisitions, and general corporate purposes.
Financial Performance and Risks
ABH Healthcare has shown consistent financial growth from fiscal years 2024 to 2026. The company maintains a low capital expenditure per operational bed, recorded at Rs 29.61 lakh in FY26, indicating efficient resource utilization. It has also seen improved In-Patient Department (IPD) volumes, reaching 6,387 in FY26, and an increase in Average Revenue Per Occupied Bed (ARPOB) from Rs 17,808 to Rs 19,992.
However, analysts note that the company's revenue is heavily concentrated, with its single hospital in Firozpur, Punjab, contributing 100 percent of standalone revenue in FY25 and FY26. Furthermore, Internal Medicine & Critical Care accounted for 52.40 percent of FY26 operating revenue, highlighting a dependence on a specific geographic location and specialty, which could expose it to localized disruptions or reliance on key specialists.
Fedex Securities is managing the issue as the sole book-running lead manager, while Bigshare Services has been appointed as the registrar.