ABH Healthcare IPO

About ABH Healthcare IPO

The ABH Healthcare IPO, an SME IPO, opens on Monday, August 24, 2026 and closes on Wednesday, August 26, 2026. The allotment of shares will take place on Thursday, August 27, 2026. The credit of shares to the demat account will take place on Friday, August 28, 2026. The initiation of refunds will take place on Friday, August 28, 2026. The listing of shares will take place on Monday, August 31, 2026.

The equity shares of the company are proposed to be listed on the NSE SME platform. The offer consists of a fresh issue component. The fresh issue will include up to 34,29,600 shares aggregating up to ₹35 crore. Of this, 1,72,800 shares aggregating up to ₹2 crore are reserved for the Market Maker, and the net issue to the public is 32,56,800 shares aggregating up to ₹33 crore.

ABH Healthcare IPO's price band is set at ₹96 to ₹102 per share. The lot size for an application is 1,200 shares, with a minimum application of 2 lots. The minimum amount of investment required by a retail investor is ₹2,44,800 (2,400 shares) based on the upper price band.

ABH Healthcare provides specialised tertiary medical care from its 150-bed hospital in Ferozepur, Punjab, operated under the “Anil Baghi Hospital” brand.

Objectives of ABH Healthcare IPO

• Repayment or prepayment, in part or full, of certain borrowings of the company.
  
• Funding the working capital requirements of the company.
  
• Funding inorganic growth through unidentified acquisitions and general corporate purposes.
  

Industry Outlook

India's healthcare sector is expanding quickly. The Indian healthcare industry continued its healthy growth in 2023 and reached a value of US$ 372 billion, driven by both the private sector and the government. As of 2024, it was one of India's largest employers, employing a total of 7.5 million people.

Hospitals form the core of this market. The hospital industry in India was forecast to grow to Rs. 8.6 lakh crore (US$ 132.84 billion) by FY22 from Rs. 4 lakh crore (US$ 61.79 billion) in FY17, a CAGR of 16–17%. Demand keeps rising. The wider Indian healthcare market, valued at US$ 110 billion in 2016, is projected to reach US$ 638 billion by 2025. Growth is broadening beyond the metros. Private hospital operators are increasingly expanding into Tier 2 and Tier 3 cities, where organised tertiary care remains under-served. ABH Healthcare operates in this exact space, delivering tertiary care from a 150-bed facility in Ferozepur, Punjab, and is positioned to benefit from the shift of specialised medical demand into smaller cities.

About ABH Healthcare Limited

ABH Healthcare runs a 150-bed tertiary care hospital in Ferozepur, Punjab. The hospital operates under the “Anil Baghi Hospital” brand and was originally established in 1985 with 30 beds. The company acquired the business in 2022 and has since expanded bed capacity, added services, and grown its clinical workforce.

It offers 25 medical specialties. These span cardiac sciences, neurology, minimally invasive spine and brain surgery, gastroenterology, urology, pulmonology, nephrology, obstetrics and gynaecology, adult and neonatal critical care, and orthopedics and joint replacement, among others. As of 31 March 2025, the Company had a medical team of 29 doctors and 137 nurses.

Strengths of ABH Healthcare

• The hospital delivers diversified operations across 25 clinical specialties and a mixed payor base of self-pay patients, private insurers, and government schemes, reducing concentration on any single specialty or payor.
• A robust operating infrastructure combines a computerised physician order entry system, an electronic health record platform, and advanced equipment such as cath labs, CT and MRI machines, and a neurosurgery microscope.
• The hospital holds NABH accreditation from 2021 and NABH Digital Standards accreditation from Fiscal 2025, supporting its positioning as a tertiary-care provider in the region.

Risks of ABH Healthcare

• All of the company's revenue is derived from its single hospital in Ferozepur, Punjab, so any local economic, political, or operational disruption there could severely reduce total revenue.
• The business is heavily dependent on its promoters and key medical personnel, and with only 29 doctors as of 31 March 2025, the loss of senior clinicians could disrupt clinical operations.
• The company does not own the premises housing its registered office and hospital, so the loss of these leased premises could interrupt its ability to provide services.
• A portion of revenue depends on tie-ups with government schemes and third-party payers, so delays or changes in these arrangements could affect collections and cash flow.

Anchor Investor Bidding Date

Friday, August 21, 2026

IPO Registrar and Book Running Lead Managers

Registrar Details
Bigshare Services Private Limited
Tel No: +91 22 6263 8200
E-mail Id: ipo@bigshareonline.com

Book Running Lead Manager
Fedex Securities Private Limited

ABH Healthcare Contact Details
Anil Baghi Road, Ferozepur, Punjab - 152002, India.
Phone: +91 7888690018
Email: investor@anilbaghihospital.com

ABH Healthcare Business Model

The company earns its revenue through the provision of in-patient and out-patient healthcare services at its 150-bed Anil Baghi Hospital in Ferozepur, Punjab, across 25 clinical specialties. Revenue is generated from a diversified payor mix comprising self-pay walk-in patients, private health insurers and third-party administrators, and government insurance schemes such as ECHS, Railways, FCI, BSNL, and Ayushman Bharat – Sarbat Sehat Bima Yojana. The company differentiates itself through doctor-led management, US-trained specialists, and a technology-enabled clinical infrastructure that supports tertiary care in a Tier 3 market.

ABH Healthcare Growth Trajectory

ABH Healthcare Limited's Total Income for FY 24 was ₹41.39 crore, whereas in FY 23 and FY 22 it was ₹29.61 crore and ₹3.50 crore, respectively.

The Profit After Tax for FY 24 was ₹1.66 crore, whereas in FY 23 and FY 22 it was ₹0.71 crore and ₹0.09 crore, respectively.

Their EBITDA for FY 24 was ₹6.89 crore, whereas in FY 23 and FY 22 it was ₹4.05 crore and ₹0.24 crore, respectively.

ABH Healthcare Market Position

ABH Healthcare operates a single 150-bed tertiary care hospital in Ferozepur, Punjab, serving the surrounding Tier 3 catchment across 25 clinical specialties. Its geographic footprint is concentrated in the Ferozepur region, where its 35-plus years of operating history support strong local brand recognition under the Anil Baghi Hospital name. The company is empanelled with over 30 private and public insurers and third-party administrators, alongside major government schemes, and holds NABH accreditation from 2021 and NABH Digital Standards accreditation from Fiscal 2025. As of 31 March 2025, its medical team comprised 29 doctors and 137 nurses.

As of 31 March 2024, the company's Total Income, Profit After Tax, and EBITDA were ₹41.39 crore, ₹1.66 crore, and ₹6.89 crore, respectively.

How to apply for ABH Healthcare IPO?

• Step 1: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details. Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification. Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.