ABH Healthcare IPO
Listed -2.9%24–27 Aug 2026
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Our IPO analysis
What stands out in the offer document
The five questions
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1How it makes moneyWe haven't read this part of the document yet.
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2Is it growing, and is profit turning into cash?Sales rose 27% from 2024 to 2026 (₹41.4 cr → ₹52.5 cr). Over 3 years it made ₹12.6 cr of profit and brought in ₹6.5 cr of cash from operations.
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3How much cushion does it have?It owes ₹3.20 for every ₹1 of its own money. The line for hospitals / healthcare is ₹2.5.
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4What you pay, and who gets the moneyAll the money raised goes to the company. At ₹102 you pay about ₹17 for every ₹1 of last year's profit. The listed peers the document names: ₹26 (middle of 2).
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5Who controls it, and what is on record?Promoters own 100% before the IPO.
What the document doesn't lead with
Each line pairs what the document leads with and what it also prints, with both pages.
From the draft document. The final prospectus may change it.
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Latest update:
Listed at ₹99 vs ₹102 issue price (-2.9%) · Day-one close ₹94 · Subscribed 1.49× (QIB 8.4× · NII 0.4× · Retail 1.7×) · Price band ₹96–₹102 · Closed 27 Aug 2026 · Listed 1 Sep 2026 (Confirmed)
How it actually listed
₹99 on open, against a ₹102 issue price -2.9%
It ended its first day at ₹94 (-7.8% against the issue price), per the NSE's price archive.
We were not recording a grey-market premium before it listed.
What ABH Healthcare does
ABH Healthcare Limited provides specialised tertiary medical care in Tier 3 cities within the state of Punjab, seeking to strike a balance between quality healthcare services and affordability. The company operates its hospital under the 'Anil Baghi Hospital' brand in Ferozepur, Punjab, with a capacity of 150 beds.
ABH Healthcare financials
Rs crore · Annual| 2024 | 2025 | 2026 | ||
|---|---|---|---|---|
| Sales | 41 | 49 | 53 | |
| Operating Profit | 7 | 13 | 15 | |
| OPM % | 16.7% | 26.8% | 28.0% | |
| Net Profit | 2 | 5 | 6 | |
| Total Debt | 36 | 42 | 55 |
ABH Healthcare IPO offer structure
Fresh issue: ₹35 cr
The fresh issue alone, not the total raise: the document we read does not state the offer-for-sale part.
Size and split come from a public aggregator rather than the exchange, cross-checked against a second.
Use of proceeds- Repayment / prepayment, in part or full, of certain borrowings availed of by our Company: ₹17 cr
- Funding our working capital requirements: ₹5 cr
- Funding inorganic growth through unidentified acquisitions and general corporate purposes
ABH Healthcare promoters and holding
- Dr. Kamal Baghi: Promoter and Whole-time Director
- Dr. Saurabh Baghi: Promoter and Managing Director
- Dr. Vaishali Saini: Promoter and Non-Executive Director
ABH Healthcare risks and strengths
- Our Company has been specifically formed for the purpose of acquisition of the business of M/s. Anil Baghi Hospital, thus we have limited operating history. (p.31)
- Our revenues are significantly dependent on our only hospital in Ferozepur, Punjab. (p.32)
- If we are unable to keep pace with technological changes, new equipments and service introductions, our business may be adversely affected. (p.32)
ABH Healthcare peer comparison: DRHP median P/E 26.1x
DRHP data only| Company | CMP | P/E | OPM% | ROE% | Source |
|---|---|---|---|---|---|
| Sangani Hospitals Limited | — | 24.5x | — | — | DRHP |
| Maitreya Medicare Limited | — | -34.1x | — | — | DRHP |
| Asarfi Hospital Limited | — | 27.6x | — | — | DRHP |
P/E from offer document where live data unavailable. Not a fair-value judgement.
ABH Healthcare market and competition
Our extensive 35+ years of experience in the healthcare industry in the region where we operate has helped us develop a strong understanding of the region's market dynamics. In 2022, we were recognized as the leading hospital in Punjab among 720 hospitals empaneled with the State Health Agency, Punjab, and the National Health Authority.
ABH Healthcare outlook, as the document states it
We plan to invest further in advanced medical technology to enhance our currently functioning departments and increase the range of services offered. We also plan to add two new specialties pertaining to oncology and Cardio-Thoracic & Vascular Surgery in the near future.
ABH Healthcare IPO: common questions
When does the ABH Healthcare IPO open and close?
The ABH Healthcare IPO is open from 24 Aug 2026 to 27 Aug 2026.
What is the ABH Healthcare IPO price band?
The price band is ₹96–₹102 per share.
What is the lot size and minimum investment for the ABH Healthcare IPO?
One lot is 1200 shares, and a retail application must be at least one lot. That is about ₹2,44,800 at the upper end of the band. An HNI application starts above Rs 2 lakh, so the minimum is higher for that category.
How much is the ABH Healthcare IPO subscribed?
As of 10 Oct 2026 the total subscription is 1.49×.
When does the ABH Healthcare IPO list?
The listing date is 1 Sep 2026.
How do I check the ABH Healthcare IPO allotment status?
On the allotment status page published by Bigshare Services, this issue's registrar, and on the exchange's basis of allotment. Those are the primary sources. If the issue was oversubscribed, retail allotment was decided by lottery, so a valid application does not mean shares. We do not hold allotment data and cannot look yours up. How allotment is actually decided →
ABH Healthcare IPO allotment status
Listed 1 Sep 2026. Allotment is decided and published by the registrar, not by us. This issue's registrar is Bigshare Services.
Check your allotment on the registrar's own page ↗
We do not hold allotment data and cannot look yours up. If the issue was oversubscribed, retail allotment was decided by lottery, so a valid application does not mean shares. How allotment is actually decided →