ABH Healthcare SME IPO to open on Monday

Multi-speciality healthcare provider ABH Healthcare's Rs 34.98 crore initial public offering will open on Monday for subscription.

The initial public offering (IPO) will remain open till August 27, with a tentative listing date on September 1.

The company's shares are proposed to be listed on the NSE SME platform Emerge, according to a statement.

The public issue is entirely a fresh issue of up to 34.29 lakh equity shares with a price band fixed at Rs 96-102 per share.

ABH Healthcare plans to use Rs 17 crore of the net proceeds towards debt repayment in part or in full, Rs 5 crore to fund its working capital requirements, and the remaining balance will be used for inorganic growth through unidentified acquisitions and general corporate purposes.

"As we enter the next phase of our journey as a listed company, we remain focused on strengthening our clinical capabilities, enhancing patient care and building on the trust that Anil Baghi Hospital has established over the years," Saurabh Baghi, Managing Director at ABH Healthcare Ltd, said.

Incorporated in 2021, ABH Healthcare provides healthcare services under the brand name "Anil Baghi Hospital". It operates a 150-bed multi-speciality hospital offering services across 25 medical specialities.

The hospital is empanelled with 30 private and public health insurance providers and third-party administrators.

Its financial performance has strengthened over the last three years. The consolidated revenue rose from Rs 41.38 crore in FY24 to Rs 52.51 crore in FY26.

The company's profit after tax increased more than threefold to Rs 5.64 crore from Rs 1.66 crore during the same period.

Fedex Securities is the sole book-running lead manager for the IPO.