ABH Healthcare SME IPO
ABH Healthcare IPO — date, price band, GMP & allotment 2026
ABH Healthcare Limited runs a 150 bed multi speciality hospital in Punjab under the name Anil Baghi Hospital. It offers 25 medical specialities including cardiac sciences, neurology, gastroenterology and urology, and is empanelled with 30 insurers and with government schemes such as ECHS and Ayushman Bharat.
Stock price
ABH Healthcare is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 16 September.
- Open 24 Aug 2026
- Close 27 Aug 2026
- Allotment 27 Aug 2026
- Refund/credit 28 Aug 2026
- Listing 01 Sep 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 24 to 27 Aug, 2026 |
|---|---|
| Price Band | ₹96 – ₹102 |
| Face Value | ₹10 |
| Lot Size | 1200 Shares |
| Issue Size | ₹34.98 Cr |
| Sale Type | Fresh capital only |
| Listing On | NSE SME |
| Registrar | Bigshare Services Private Limited |
| Min Investment | ₹ 2,44,800 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 1200 shares at the ₹102 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 2,400 | ₹2,44,800 |
| Retail (max) | 2 | 2,400 | ₹2,44,800 |
| HNI (min) | 3 | 3,600 | ₹3,67,200 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 7
- 01The hospital covers 25 medical specialities across 150 beds, so it is not dependent on one type of treatment.
- 02It is empanelled with 30 private and public insurance companies and third party administrators, which brings in cashless patients.
- 03It takes part in major government health schemes including ECHS, Railways, Food Corporation of India, BSNL and Ayushman Bharat Sarbat Sehat Bima Yojana, which gives a steady flow of patients.
- 04Net worth has improved every year shown, from Rs 0.09 crore in FY2022 to Rs 4.62 crore in FY2023, Rs 6.30 crore in FY2024 and Rs 9.58 crore as on 31 December 2024.
- 05The hospital runs under an established local name, Anil Baghi Hospital, and is led by a doctor led management team.
- 06It offers advanced procedures such as minimally invasive spine and brain surgery and bariatric surgery, which usually earn better than routine treatment.
- 07Rs 17.00 crore of the issue money will repay borrowings, which will reduce the interest burden.
Risks · 10
- 01The financial data in the offer document is very old for an issue opening in August 2026. The latest period shown ends 31 December 2024 and is only a nine month stub, so there is no recent full year to judge the company on.
- 02The figures shown are internally inconsistent. For the period ended 31 December 2024 total income is shown as Rs 3.50 crore while EBITDA is shown as Rs 8.99 crore, which cannot both be right. These numbers must be checked in the RHP before relying on them.
- 03Profit has been falling year after year in the periods shown, from Rs 3.32 crore in FY2022 to Rs 1.66 crore in FY2023 and Rs 0.71 crore in FY2024.
- 04Debt is very high against own funds. Total borrowing was Rs 39.67 crore as on 31 December 2024 against a net worth of only Rs 9.58 crore, which is about four times.
- 05Total assets have been shrinking, from Rs 61.03 crore in FY2022 to Rs 51.35 crore in FY2023, Rs 32.96 crore in FY2024 and Rs 26.27 crore as on 31 December 2024.
- 06A part of the money is kept for inorganic growth through unidentified acquisitions. The company has not named any target, so investors do not know where that money will go.
- 07The whole business is one hospital, so any problem at that single location, whether staff, regulatory or reputational, affects everything.
- 08Government scheme patients usually come at fixed low rates and payments can be delayed, which puts pressure on cash flow.
- 09The hospital runs with 29 doctors and 137 nurses. In healthcare, patients often follow individual doctors, so losing a few key consultants can affect revenue.
- 10This is an SME issue. One lot is 1,200 shares, which is about Rs 1.22 lakh at the upper band of Rs 102, and SME shares usually trade in low volume after listing.
Three years of numbers
All figures in ₹ crore, as reported in the ABH Healthcare offer document.
| Metric | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 26.27 | 32.96 | 51.35 | 61.03 |
| Total Income | 3.50 | 29.61 | 41.39 | 36.42 |
| Profit After Tax | 0.09 | 0.71 | 1.66 | 3.32 |
| EBITDA | 8.99 | 6.89 | 4.05 | 0.24 |
| NET Worth | 9.58 | 6.30 | 4.62 | 0.09 |
| Reserves and Surplus | 7.67 | 4.35 | 2.70 | 0.09 |
| Total Borrowing | 39.67 | 35.83 | 20.99 | 20.64 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the ABH Healthcare RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
ABH Healthcare IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹4.93 |
| P/E Ratio (x) | 20.69 |
| Market Cap at Offer Price (₹ Cr) | ₹1.86 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹102 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹21.30 Cr of the issue is earmarked to named objects.
About the company
The hospital offers 25 medical specialities. These include cardiac sciences, neurology, minimally invasive spine and brain surgery, medical and surgical gastroenterology, laparoscopic and bariatric surgery, urology, pulmonology, nephrology, ENT and maxillofacial surgery.
The hospital is empanelled with 30 private and public health insurance companies and third party administrators, so patients can take cashless treatment. It also takes part in major government health schemes such as the Ex-Servicemen Contributory Health Scheme, Railways, Food Corporation of India, Bharat Sanchar Nigam Limited and Ayushman Bharat Sarbat Sehat Bima Yojana. As on 31 March 2025 it had 29 doctors and 137 nurses.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
+91 7888690018
The bankers & the filings
Who is running the book, and the documents this page is built from.
Company contact
Frequently asked
What is the GMP of ABH Healthcare?
The current Grey Market Premium is ₹0.
What is the ABH Healthcare IPO price band?
₹96 to ₹102, on a face value of ₹10.
When is the allotment?
The basis of allotment is 27 August 2026, with listing on 1 September 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Bigshare Services Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
