ABH Healthcare Ltd IPO
Healthcare
Price Band
₹96 – ₹102
Lot Size
1200
Minimum Bid Quantity
2400
Minimum Investment
₹244800
Issue Size
₹34.98Cr
Opens
2026-08-24
Closes
2026-08-27
Listing
01-09-2026
Subscription Status
Qualified Institutional Buyers
8.37 x
Non-Institutional Investor
0.36 x
Retail Individual Investor
1.67 x
Total
1.41 x
IPO Details
Issue Type
EQUITY
Face Value
₹10
Tick Size
1
ISIN
INE1R2M01019
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
ABH Healthcare Limited operates a hospital providing tertiary medical care in Ferozepur, Punjab. The company operates the 150-bed Anil Baghi Hospital, which was established in 1985 and acquired by the company in 2022. The hospital provides services across 25 medical specialities, including cardiac sciences, neurology, gastroenterology, laparoscopic and bariatric surgery, urology, pulmonology, nephrology, orthopaedics and joint replacement, obstetrics and gynaecology, critical care, dentistry, physiotherapy, dermatology, laboratory investigations and radiology. The hospital is empaneled with over 30 private and public health insurance companies and third-party administrators, as well as various government schemes. It received NABH accreditation in 2021 and NABH Digital Standards accreditation in FY25. The company also uses a patient portal, website, Computerised Physician Order Entry system, and Electronic Health Record platform. As of June 30, 2026, this 150-bed hospital, as of FY26, had 37 doctors and 101 nurses.
Pros
- • The company is led by a management team with experience in healthcare and clinical practice. Promoter and Whole-time Director Dr Kamal Baghi has around four decades of experience in the healthcare sector, while Dr Saurabh Baghi and Dr Vaishali Saini have clinical training and work experience in the United States.
- • As of June 30, 2026, the company had 37 doctors and 101 nurses. Over 30% of its doctors had been associated with the company for more than five years, while some senior doctors have been associated with the hospital for around five to ten years.
- • The hospital provides services across 25 specialties, including internal medicine and critical care, cardiology, neurosurgery, general surgery, orthopaedics and joint replacement, gastroenterology, nephrology, neurology, obstetrics and gynaecology, pulmonology and paediatrics. This gives the company multiple sources of inpatient revenue.
Cons
- • The company has a limited operating and financial history as a corporate entity, having been specifically incorporated in March 2021 for the purpose of acquiring the business of Anil Baghi Hospital from its promoter in March 2022. This short working history may make it difficult for investors to assess the company's historical performance and future prospects based on its own track record. Past performance of the hospital, which was operated as a sole proprietorship before the acquisition, may not be indicative of the company's future performance.
- • The company's PAT has remained a relatively small portion of its revenue from operations, accounting for 3.99% of revenue in FY24, 10.86% in FY25, and 10.74% in FY26. While revenue from operations increased from Rs 41.38 crore in FY24 to Rs 49.27 crore in FY25 and Rs 52.51 crore in FY26, PAT stood at Rs 1.65 crore, Rs 5.35 crore and Rs 5.64 crore, respectively. Investors should keep this level of profit generation relative to revenue in view when assessing the company's future earnings and return potential.
- • The company derives 100% of its revenue from operations from its only hospital in Ferozepur, Punjab. Revenue from operations at the hospital stood at Rs 51.04 crore in FY26 and Rs 48.92 crore in FY25. Any adverse economic or political developments, regional slowdown, unrest, disruption, regulatory changes, natural calamities or increased competition in Ferozepur and surrounding areas could negatively affect the company's business and financial condition.
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