ABH Healthcare IPO: Check key dates, price band, issue size, latest GMP, listing details & more

ABH Healthcare is set to launch its initial public offering (IPO) on Monday, August 24 and can be subscribed till Thursday, August 27. The company shall be offering its shares for Rs 96-102 apiece. The lot size for the maiden stake sale is fixed at 1,200 equity shares and its multiples thereafter.

The IPO of ABH Healthcare is a sale of total 34,29,600 equity shares worth Rs 35 crore. It has reserved 1,72,800 equity shares worth Rs 2 crore for market maker of the issue, Rikhav Securities. However, the company is raising Rs 33 crore from its IPO, which is a fresh share sale of 32,56,800 equity shares.

Incorporated in 2021, Firozpur, Punjab-based ABH Healthcare provides healthcare services, operating under 'Anil Baghi Hospital' brand name. It has 150 beds and offers 25 medical specialities, including cardiac sciences, neurology, minimally invasive spine & brain surgeries, medical and and surgical gastroenterology, laparoscopic & bariatric surgery, urology, pulmonology, nephrology and more.

The hospital has empaneled with 30 private and public health insurance providers and third-party administrators. It participates in major government healthcare schemes. It has a team of 37 doctors and 101 nurses, as of June 30, 2026. It will use IPO proceeds for repayment of debt, funding working capital needs and inorganic growth through acquisition and general corporate purposes.

Retail investors need to apply for a minimum of two lots, consisting of 2,400 equity shares, worth Rs 2,44,800. HNI investors need to apply for at least 3 equity shares, consisting of 3,600 equity shares, worth Rs 3,67,200. Every lot of 1,200 equity shares will cost Rs 1,22,400 at the upper end of the price band.

Fedex Securities is the sole book running lead manager and Bigshare Services is the registrar of the issue. Being an SME IPO, shares of the company shall be listed on NSE Emerge platform on Tuesday, September 1, 2026. The basis of allotment of equity shares shall be finalized on Friday, August 28 while the refund of shares shall be done on Monday, August 31.

Of the net offer, post deducting market maker portion, 1,99,200 shares, 6.12 per cent stake, are allocated to qualified institutional bidders (QIBs), while non-institutional investors and retail investors will get 15,28,800 shares or 46.94 per cent stake, each. The grey market premium for the company has been remain in the range of Rs 5 to Rs 25, told multiple sources, requesting anonymity.

ABH Healthcare has demonstrated healthy financial growth from FY24 to FY26. It operates with a low capex per operational bed of Rs 29.61 lakh in FY26, supporting efficient capital utilization, while improving IPD volumes to 6,387 in FY26 and ARPOB from Rs 17,808 to Rs 19,992, indicating strengthening operational performance and revenue generation per occupied bed, said Equivision.

"The company remains dependent on its single hospital in Ferozepur, Punjab, which contributed 100 per cent of standalone revenue in FY25 and FY26. Internal Medicine & Critical Care accounted for 52.40 per cent of FY26 operating revenue, indicating geographic and specialty concentration that may increase exposure to localized disruptions and key-specialist dependency," it added.