HomeIPO Tracker › ABH Healthcare

ABH Healthcare

ABH Healthcare operates the Anil Baghi Hospital, a multi-speciality healthcare provider offering 25 medical specialties including cardiac sciences, neurology, and urology. The company operates within the healthcare services sector, providing clinical care through both private and government healthcare schemes.
Price Band
โ‚น96 - โ‚น102
Lot Size
2400 Shares
Issue Size
โ‚น34.98 Cr
Fresh Issue
โ‚น34.98 Cr
OFS
N/A
0 BULLISH
AI Sentiment Score
Listing Price
โ‚น99.00
vs Issue: โ‚น102 (-2.94%)
๐Ÿ“… IPO Timeline
โœ“
Open
Aug 24
โœ“
Close
Aug 27
โœ“
Allotment
Aug 28
โœ“
Refund
Aug 31
โœ“
Demat
Aug 31
โœ“
Listing
Sep 1
โœจ AI Analysis & Prediction
+93.8% predicted listing gain
The listing gain is constrained by a very high debt-to-equity ratio (3.2) and zero current subscription velocity. However, the scarcity of the small float size and a 100% fresh issue structure provide a slight positive offset against the neutral GMP baseline.

๐Ÿ’ช Strengths

  • Strong Return on Equity (ROE) of 39.07%
  • Tie-ups with government schemes like Ayushman Bharat and Indian Railways

โš ๏ธ Weaknesses

  • Very high Debt-to-Equity ratio of 3.2
  • Limited geographic presence centered in Firozpur

๐Ÿš€ Opportunities

  • Potential for inorganic growth through unidentified acquisitions
  • Expansion of medical specialties to increase patient footfall

๐Ÿ›ก๏ธ Threats

  • High interest burden due to significant borrowings
  • Intense competition from other multi-speciality hospital chains
๐ŸŽฏ Objectives of the IPO
Requirement / Purpose Amount (โ‚น Cr)
Repayment / prepayment, in part or full, of certain of our borrowings โ‚น17.00
Funding our Working Capital Requirements; and โ‚น4.30
Funding inorganic growth through unidentified acquisitions and general corporate purposes (collectively referred to as โ€œObjectsโ€) โ‚น13.68
๐Ÿข About ABH Healthcare
Company Overview & Business Profile

ABH Healthcare, known for its brand 'Anil Baghi Hospital', is a comprehensive healthcare service provider based in Firozpur, Punjab. The company has evolved into a multi-speciality hub that integrates advanced medical care across a wide spectrum of 25 specialties, ranging from minimally invasive spine and brain surgeries to laparoscopic and bariatric surgery.

The business model focuses on providing high-quality clinical care through a mix of specialized services. Its core operational strength lies in its ability to serve diverse patient demographics, utilizing modern equipment to maintain a track record of stable financial growth within the regional healthcare market.

A significant portion of the company's revenue is derived from its partnerships with various government healthcare schemes and organizations. Key clients and partners include the Indian Railways, ECHS, BSNL, FCI, and the Ayushman Bharatโ€“Sarbat Sehat Bima Yojana (ABSSBY), ensuring a steady stream of patient inflow.

In terms of operational scale, as of FY25, the hospital is supported by a professional medical team consisting of 29 doctors and 137 nurses. This infrastructure allows the facility to maintain its position as a critical healthcare provider in its geography.

The company is led by its promoters, Kamal Baghi, Saurabh Baghi, and Vaishali Saini, who have focused on scaling the facility's specialties and improving clinical outcomes to drive long-term value.

Read more โ†“
๐Ÿ“ˆ About ABH Healthcare IPO
Issue Structure, View & Risks

The ABH Healthcare IPO is a book-built issue seeking to raise approximately โ‚น34.98 Crores entirely through a fresh issue of equity shares. The price band is set between โ‚น96 and โ‚น102 per share, with a minimum retail lot size of 2,400 shares amounting to โ‚น2,44,800. The issue opens on August 24, 2026, and closes on August 27, 2026, with the listing scheduled for September 1, 2026, on the NSE SME platform.

The proceeds from the fresh issue are primarily earmarked for debt reduction and working capital. Specifically, โ‚น17.00 Crores will be used for the repayment or prepayment of certain borrowings, while โ‚น4.30 Crores is allocated toward funding working capital requirements, with the remainder for inorganic growth and general corporate purposes.

Financial performance shows a steady upward trend in revenue, growing from โ‚น41.39 Crores in FY24 to โ‚น52.59 Crores in FY26. Net profit (PAT) has also seen a significant jump from โ‚น1.66 Crores in FY24 to โ‚น5.64 Crores in FY26, indicating improving operational efficiency and profitability margins.

Valuation-wise, the company reports a strong ROE of 39.07% and an EPS of โ‚น7.05 for FY26. While it compares itself to peers like Sangani Hospitals and Asarfi Hospital, the high debt-to-equity ratio of 3.2 remains a point of concern for conservative investors.

Key strengths include its integration with government healthcare schemes and a strong ROE. However, the primary risk is the heavy debt burden and the inherent volatility associated with SME listings. Investors may view this as a long-term play given the steady profit growth, though the high leverage warrants a cautious approach.

Read more โ†“
๐Ÿ“Š Financial Overview
Metric FY24 FY25 FY26
Revenue (โ‚น Cr) Rs 39.93 Cr Rs 48.55 Cr Rs 51.60 Cr
Net Profit / PAT (โ‚น Cr) Rs 1.66 Cr Rs 5.35 Cr Rs 5.64 Cr
EBITDA / Op. Profit (โ‚น Cr) Rs 7.64 Cr Rs 13.19 Cr Rs 14.84 Cr
Borrowings (โ‚น Cr) Rs 35.79 Cr Rs 41.88 Cr Rs 55.03 Cr
Total Assets (โ‚น Cr) Rs 51.34 Cr Rs 63.90 Cr Rs 85.27 Cr
ROCE % 17.43% 23.28% 19.90%
Debt/Equity
3.20
๐Ÿ“‹ Live Subscription Status
QIB
8.37x
NII
0.29x
Retail
1.69x
Total
1.44x
Updated: Sep 1, 2026 5:01 PM
๐Ÿ’ผ Reservation Quota
QIB
10.49%
Retail
80.52%
NII
8.99%
๐Ÿ“ˆ Shareholding & Anchor Lock-In
Promoter Holding (Pre-Issue)
100.00%
Promoter Holding (Post-Issue)
69.80%
๐Ÿ”— Important Links & Lead Managers
Lead Managers / Merchant Bankers
This issue is managed by Hem Securities Ltd., and Share India Capital Services Pvt. Ltd.
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.
Nifty20
Logo