ABH Healthcare IPO
ListedSMEHealthcare
1.44×
Subscribed
Price band
₹102 – ₹102
Lot size
1,200
1 lot = ₹1,22,400
Issue size
₹34.98 Cr
Open – close
24 Aug 2026
to 27 Aug 2026
Listing
01 Sept 2026
Listing gain
-2.94%
What the filing actually says
Our read of the offer document and the exchange data — not the issuer's summary of itself
Strong3 of 7 dimensions read
The disclosed numbers are strong — 2 of 3 signals read positive
Strength78/100
- Conservative balance sheetDebt/equity of 0.66×
- Fresh capital for the business100.0% of the issue is fresh capital raised by the company itself
- Institutional book coveredQIB portion subscribed 8.37×
Every line above is arithmetic on a figure shown elsewhere on this page - no model, no opinion. It describes the quality of the offering as disclosed, and is pulled toward neutral to reflect how much the document leaves unsaid. It is not a prediction of the listing price, and it is not advice to apply.
Dates
The issuer's tentative timetable — a date passing is not confirmation the step completed
- Opens24 Aug 2026
- Closes27 Aug 2026
- Allotment28 Aug 2026
- Listing01 Sept 2026
Demand and your odds
How the book filled, and what that means for an application
Subscription by category
Qualified institutionalQIB8.37x
Non-institutionalNII / HNI0.29x
Big NIIabove ₹10L0.15x
Small NII₹2L – ₹10L0.55x
Retail individualRII1.69x
1,154 applications received — how many people bid, as opposed to how much money did. Exchange figures as of 27 Aug 2026.
Chance of allotment
Retail1.69× subscribed
~1 in 1.7
Minimum 2 lots · 2,400 shares · ₹2,44,800 blocked
Retail is 1.69× subscribed. Allotment is a lottery on a single lot, so roughly 1 in 1.7 applications gets one lot. Bidding for extra lots does not improve these odds.
HNI / NII0.29× subscribed
Full allotment
Minimum 1 lot · 1,200 shares · ₹1,22,400 blocked
The HNI portion is under-subscribed at 0.29×, so applications should be allotted in full.
Derived from SEBI's allotment mechanics and the subscription figures beside it. Retail allotment is a lottery on a single lot, so applying for more lots does not improve your chance of getting something.
The offering
Terms, structure and who is selling
Terms
Price band₹102 – ₹102
Face value₹10
Lot size1,200shares
Minimum application₹1,22,400at cut-off
Total issue size₹34.98 Cr
Fresh issue₹34.98 Cr
Listing atSME platform
Company & valuation
Debt / equity0.66×
ROE39.07%
ROCE19.09%
RoNW39.07%
PAT Margin10.74%
EBITDA Margin28.03%
NAV21.58
Price to Book Value4.73
ISININE1R2M01019
RegistrarBIGSHARE
0.0% of this issue is an offer for sale. The rest is fresh capital that goes into the company itself.
Who gets what
How the issue is split between investor categories, and what each may bid.
| Category | Shares | % of issue |
|---|---|---|
| QIB | 1,99,200 | 5.81% |
| NII (HNI) | 15,28,800 | 44.58% |
| bNII > ₹10L | 10,18,800 | 29.71% |
| sNII < ₹10L | 5,10,000 | 14.87% |
| Retail | 15,28,800 | 44.58% |
| Market Maker | 1,72,800 | 5.04% |
Total issue 34,29,600 shares. Indented rows sit inside the category above them and are not added to it.
What each category may bid
Individual investors (IND) (Min)₹2,44,8002 lots · 2,400 sh
Individual investors (IND) (Max)₹2,44,8002 lots · 2,400 sh
S-HNI (Min)₹3,67,2003 lots · 3,600 sh
S-HNI (Max)₹9,79,2008 lots · 9,600 sh
B-HNI (Min)₹11,01,6009 lots · 10,800 sh
Lot size alone does not answer "how much do I need" — an S-HNI minimum is several lots, not one.
What the money is for
Stated use of the net proceeds
- 01Repayment / prepayment, in part or full, of certain of our borrowings₹17 Cr
- 02Funding our working capital requirements₹5 Cr
- 03Funding inorganic growth through unidentified acquisitions and general corporate purposes₹8.62 Cr
Risks worth reading
Ranked by our severity assessment, not by the order the prospectus prints them
mediumThe Company has a limited operating history as a Company, having been specifically formed for the purpose of acquiring the business of M/s. Anil Baghi Hospital, a sole proprietorship concern of a Promoter. This limited history may make it difficult for investors to evaluate the Company's historical
mediumThe Company derives almost all of its revenue from its only hospital in Ferozepur, Punjab. Any change in economic or political circumstances in or around Ferozepur, including a reduction in patient footfall, regulatory changes, reputational harm, liabilities on account of medical negligence, adverse
mediumThe Company's continued success depends on its ability to anticipate industry trends, identify, develop, and market new value-added services, and enhance equipment and technologies in a timely and cost-effective manner. Failure to do so, or the failure or malfunction of medical equipment, could adve
Litigation
Except as stated in this section, there are no outstanding, (i) criminal proceedings; (ii) actions taken by statutory or regulatory authorities; (iii) outstanding claims related to direct or indirect taxes; or (iv) other pending litigation, as per the Materiality Policy or resolution as determined by our Board, in each case involving our Company, Promoters, Subsidiary, Directors, Key Managerial Personnel (KMP), Senior Management Personnel (SMP) (collectively, the “Relevant Parties”) or (v) litigation involving our Group Company which has a material impact on our Company. Further, there are no disciplinary actions including penalties imposed by SEBI or stock exchanges against our Promoters in the last five Fiscals, including any outstanding action. It is clarified that for the purposes of the above, pre-litigation notices received or sent by the Relevant Parties or Group Company from third parties (excluding those notices issued by statutory/regulatory/ governmental/ tax authorities or notices threatening initiation of criminal action) unless otherwise decided by the Board, shall not be considered as an outstanding litigation until such time the Relevant Parties or Group Company, as the case may be, are impleaded as a party in the proceeding before any judicial/arbitral forum. Except as stated in this Section, there are no outstanding material dues to creditors of our Company.
Positives the filing discloses (1)
Primarily fresh capital
100% of the offer is fresh issue, so most proceeds fund the company.
What happened to comparable issues
The last 8 issues to list with a recorded opening price, most comparable first
Median listing gain
-2.2%
Listed up
1 of 8
Best
+0.4%
Papadmalji Agro Foods Limited
Worst
-17.5%
Himalayan Solar
Ravita Engineering Services Limitedsame segment
6.7× sub+0.0%
Vaibhav Vyapaar Limitedsame segment
3.1× sub-2.0%
R.K. Fashion Accessories Limitedsame segment
2.6× sub-2.4%
Eventions Limitedsame segment
2.3× sub-5.9%
Green Asia Impexsame segment
1.0× sub+0.0%
Papadmalji Agro Foods Limitedsame segment
2.5× sub+0.4%
Dudani Retailsame segment
1.4× sub-13.8%
Himalayan Solarsame segment
1.2× sub-17.5%
Past issues are context, not a forecast — this issue is a different company at a different price. We show it because "how have issues like this one actually opened" is a question with a real answer, and grey-market premium is not that answer.
About ABH Healthcare
ABH Healthcare Limited operates a hospital providing tertiary medical care in Ferozepur, Punjab. The company operates the 150-bed Anil Baghi Hospital, which was established in 1985 and acquired by the company in 2022. The hospital provides services across 25 medical specialities, including cardiac sciences, neurology, gastroenterology, laparoscopic and bariatric surgery, urology, pulmonology, nephrology, orthopaedics and joint replacement, obstetrics and gynaecology, critical care, dentistry, physiotherapy, dermatology, laboratory investigations and radiology. The hospital is empaneled with over 30 private and public health insurance companies and third-party administrators, as well as various government schemes. It received NABH accreditation in 2021 and NABH Digital Standards accreditation in FY25. The company also uses a patient portal, website, Computerised Physician Order Entry system, and Electronic Health Record platform. As of June 30, 2026, this 150-bed hospital, as of FY26, had 37 doctors and 101 nurses.
Founded 2021MD Dr. Saurabh BaghiSector Healthcare
Offer documents
The primary sources everything above is drawn from
Common questions
How many times is the ABH Healthcare IPO subscribed?
ABH Healthcare is subscribed 1.44× overall (QIB 8.37×, NII 0.29×, retail 1.69×). Subscription keeps changing until the issue closes; the final basis of allotment is published by the registrar, BIGSHARE.
What is the minimum investment in the ABH Healthcare IPO?
One lot is 1,200 shares, so a retail application at the ₹102 cut-off price blocks ₹1,22,400. Retail applications are capped at ₹2,00,000; above that you bid in the HNI category, where allotment is proportionate rather than by lottery.
What are the chances of allotment in the ABH Healthcare IPO?
The retail portion is subscribed 1.69×, so allotment is by lottery and the odds of receiving at least one lot are roughly 1 in 2. Applying for more lots does not improve the chance of getting something — every retail applicant competes for the same single minimum lot.
When is the ABH Healthcare IPO allotment date?
Allotment is scheduled for 2026-08-28, with listing on 2026-09-01. These dates are the issuer's tentative timetable — a date passing is not confirmation that the step completed. Allotment status is published by the registrar, BIGSHARE.
Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey-market premium is unofficial and is not a forecast. Nothing here is investment advice or a recommendation — read the offer document and consult a SEBI-registered adviser before applying.