Updating soon
Valuation
Market Cap
₹116.58 Cr
P/E Ratio
14.47x
P/B Ratio
4.73x
ABH Healthcare IPO Dates
Open
Close
Allotment
Refunds
Credit
Listing
Conflicting IPOs
IPOs with overlapping timeline
Business Overview
ABH Healthcare Limited operates a 150-bed multi-specialty tertiary care hospital in Ferozepur, Punjab under the “Anil Baghi Hospital” brand, established in 1985 and acquired by the Company in 2022. Focused on affordable, accessible specialised care in Tier-3 Punjab, it offers 25 medical specialties including cardiac sciences, neurology, minimally invasive spine and brain surgeries, gastroenterology, urology, nephrology and critical care. The NABH-accredited hospital is empanelled with 30+ insurers and major government schemes such as ECHS, Railways and Ayushman Bharat. Led by U.S.-trained promoter-doctors Dr. Saurabh Baghi and Dr. Vaishali Saini with founder Dr. Kamal Baghi, it had 37 doctors and 101 nurses as of June 30, 2026 and posted FY2026 revenue of ₹52.50 Crores.
Lots & IPO Size
ABH Healthcare IPO Lot Size
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Ind (Min) | 2 | 4,800 | ₹4,89,600 |
| Ind (Max) | 2 | 4,800 | ₹4,89,600 |
| S-HNI (Min) | 3 | 7,200 | ₹7,34,400 |
| S-HNI (Max) | 4 | 9,600 | ₹9,79,200 |
| B-HNI (Min) | 5 | 12,000 | ₹12,24,000 |
Market Maker
₹1.73 L
Employee
₹0.00
Shareholder
₹0.00
ABH Healthcare IPO Size
Total
₹35 Cr
Fresh Issue
₹35 Cr
(0.34 Cr
Shares)
Offer For Sale
₹0
(0.00
Shares)
Objects of the Issue
Repayment / prepayment, in part or full, of certain of our borrowings
Funding our working capital requirements
Unidentified Acquisitions, General Corporate Purpose and Issue Exp
Total
Key Risk Factors
The company is heavily dependent on its key personnel, including Promoters Dr. Kamal Baghi, Dr. Saurabh Baghi and Dr. Vaishali Saini; losing them could adversely affect its business.
Key Risk Factors
The company is heavily dependent on its key personnel, including Promoters Dr. Kamal Baghi, Dr. Saurabh Baghi and Dr. Vaishali Saini; losing them could adversely affect its business.
The company's revenues depend significantly on its only hospital in Ferozepur, Punjab; any adverse change in that region's economic or regulatory conditions could hurt its business.
If the company cannot keep pace with technological changes, new medical equipment and service introductions, its competitiveness and results of operations could be adversely affected.
The company relies on third-party suppliers and payers such as government schemes and insurers; disruption, non-renewal or breach of these contracts could adversely affect operations.
The company operates in a highly regulated industry, and failure to comply with applicable safety, health, environmental and other laws could result in penalties and harm its business.
The company acquired M/s. Anil Baghi Hospital, the sole proprietorship of one of its Promoters; issues from this related-party acquisition could adversely affect its business and reputation.
The company's plan to make unidentified acquisitions may lead to significant investments in businesses that underperform, exposing it to integration, valuation and impairment risks.
The company does not own the premises housing its registered office and hospital; any event requiring it to vacate these leased premises could disrupt its operations.
The company has a high debt-equity ratio and faces funding risks; any further increase in borrowings could adversely affect its financial condition and ability to service debt.
The company is exposed to legal claims and regulatory actions from providing healthcare services, including medical malpractice claims, which could harm its reputation and finances.
ABH Healthcare IPO Details Live GMP
GMP
₹0
Est. Price
₹102
Est. Gain
0.00%
| Date | GMP (₹) | Est. Price |
|---|---|---|
| 18 Aug | ₹0 (0%) | ₹102 |
| 17 Aug | ₹0 (0%) | ₹102 |
ABH Healthcare IPO Peer Comparison
(Rs. in crores)
| Particulars | ABH Healthcare | Sangani Hospitals | Maitreya Medicare | Asarfi Hospital |
|---|---|---|---|---|
| Revenue | 52.51 | 106.96 | 44.85 | 173.50 |
| PAT | 5.64 | 5.53 | -2.47 | 16.66 |
| EPS (₹) | 7.05 | 2.17 | -3.64 | 8.47 |
| NAV (₹) | 21.58 | 23.30 | 42.67 | 49.62 |
| RONW | 34.26% | 16.20% | -8.10% | 18.65% |
| EBITDA | 28.03% | 7.56% | -1.01% | 20.33% |
| PAT Mrgn | 10.74% | 5.17% | -5.50% | 9.60% |
| PE Ratio | 14.47 | 24.52 | -34.11 | 27.63 |
| Debt to Equity | 3.20 | 0.06 | 0.80 | 0.59 |
All information pertains to FY 2025-26. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of August 13, 2026 for Peers
ABH Healthcare IPO Financial Performance
(Rs. in crores)
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Revenue | 52.51 | 49.27 | 41.38 |
| PAT | 5.64 | 5.35 | 1.66 |
| Net Worth | 17.27 | 11.60 | 6.30 |
| Borrowings | 55.16 | 41.98 | 35.83 |
| Assets | 85.27 | 63.90 | 51.35 |
| NAV (₹) | 21.58 | 14.50 | 7.87 |
| EPS (₹) | 7.05 | 6.68 | 2.07 |
Key Performance Indicators (KPIs)
EBITDA
28.03%
PAT
10.74%
ROE
39.07%
ROCE
19.09%
Debt to Equity
3.20
All the data pertains to FY 2025-26. PE, PB, and market capitalization are calculated based on the Upper Price Band.
ABH Healthcare IPO Financial Statements
(Rs. in crores)
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Revenue from Ops | 52.51 | 49.27 | 41.38 |
| Other Income | 0.08 | 0.05 | 0.01 |
| Total Income | 52.59 | 49.32 | 41.39 |
| Materials Consumed | 10.10 | 10.24 | 11.32 |
| Changes in Inventories | 0.00 | 0.00 | 0.00 |
| Employee Expense | 9.01 | 8.49 | 7.06 |
| Finance Costs | 4.48 | 3.71 | 2.96 |
| Depreciation | 2.39 | 2.10 | 1.74 |
| Other Expenses | 18.68 | 17.34 | 16.10 |
| Total Expenses | 44.66 | 41.89 | 39.19 |
| Profit Before Tax | 7.93 | 7.43 | 2.21 |
| Tax Expense | 2.29 | 2.08 | 0.55 |
| Profit After Tax | 5.64 | 5.35 | 1.66 |
| EPS — Basic (₹) | 7.05 | 6.68 | 2.07 |
| EPS — Diluted (₹) | 7.05 | 6.68 | 2.07 |
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Equity Share Capital | 8.00 | 2.00 | 2.00 |
| Reserves & Surplus | 9.34 | 9.69 | 4.35 |
| Total Equity | 17.34 | 11.69 | 6.35 |
| Total Borrowings | 55.04 | 41.88 | 35.79 |
| Trade Payables | 6.60 | 6.78 | 5.57 |
| Other Liabilities | 6.30 | 3.56 | 3.64 |
| Total Equity & Liab | 85.27 | 63.90 | 51.35 |
| Fixed Assets | 41.87 | 36.63 | 33.81 |
| Trade Receivables | 33.11 | 19.74 | 11.98 |
| Cash & Bank Bal | 3.03 | 0.61 | 0.02 |
| Other Assets | 7.27 | 6.93 | 5.54 |
| Total Assets | 85.27 | 63.90 | 51.35 |
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Cash Flow from Operating Activities | 2.11 | 3.54 | 0.89 |
| Cash Flow from Investing Activities | -9.14 | -4.53 | -13.06 |
| Cash Flow from Financing Activities | 9.45 | 1.58 | 12.04 |
| Net Change in Cash & Equivalents | 2.42 | 0.59 | -0.14 |
| Cash & Equivalents at End of Period | 3.03 | 0.61 | 0.02 |
Promoter Holding
Promoter
100.00%
Public
0.00%
Kamal Baghi
30.00%
Saurabh Baghi
68.50%
Vaishali Saini
1.50%
Others
0.00%
Management
Dr. Saurabh Baghi
Age: 41
MD
Remuneration
₹Basic salary up to ₹60.00 lakhs p.a. + commission up to 1% of net profit (max ₹5.00 lakhs) + perquisites
Education
MBBS (Baba Farid University of Health Sciences); MD Internal Medicine (The Brooklyn Hospital Center, USA); Fellowship in Cardiology & Heart Failure (Mount Sinai Hospital, New York)
Prior Experience
Non-invasive cardiologist; Consultant Cardiologist at Parkview Medical Center, Colorado (2014); ~10 years in healthcare; handles overall management.
Dr. Kamal Baghi
Age: 71
WTD
Remuneration
₹Basic salary up to ₹60.00 lakhs p.a. + commission up to 1% of net profit (max ₹5.00 lakhs) + perquisites
Education
Master's degree in Medicine (Guru Nanak Dev University)
Prior Experience
Founder of Anil Baghi Hospital (1985); ~4 decades in healthcare; member of FICCI Healthcare Committee; responsible for overall management.
Mr. Rajeev Agarwal
Age: 60
CFO
Remuneration
₹₹22.80 lakhs (FY2026)
Education
Chartered Accountant (Institute of Chartered Accountants of India)
Prior Experience
3+ decades in accounts & finance; prior roles at Eicher Tractors, Jindal Iron & Steel, Reliance Communications; former CFO at Ivy Hospital.
Dr. Vaishali Saini
Age: 41
Non-Exec Director
Remuneration
₹Basic salary up to ₹30.00 lakhs p.a. + commission up to 1% of net profit + perquisites
Education
MBBS (Baba Farid University of Health Sciences); ABPN-Certified Neurologist; Neurology training at New York Presbyterian Hospital – Cornell
Prior Experience
Director for Stroke at Parkview Medical Center, Colorado; ~5 years in healthcare; oversees hiring & training of nursing staff to NABH standards.
Registrar & Lead Managers
Registrar
Bigshare Services
Lead Managers (1)
Company Details
Name: ABH Healthcare Limited
Address: Anil Baghi Road, Ferozepur, Punjab - 152002, India
Number: +91 7888690018
Email: investor@anilbaghihospital.com
Website: https://www.abhhealthcare.org
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Frequently Asked Questions (FAQs)
What is ABH Healthcare IPO?
ABH Healthcare IPO is a SME IPO having an issue size of
₹35 Crs.
ABH Healthcare IPO is priced at
₹96 - ₹102 per
share.
The
issue opens on 24 Aug 26
and
closes on 26 Aug 26.
When will ABH Healthcare IPO open?
ABH Healthcare IPO opens on
24 Aug 26 and closes on
26 Aug 26.
What is the GMP of ABH Healthcare IPO?
The estimated Grey Market Premium of ABH Healthcare IPO is
₹0 per share (0.00%).
What is the lot size of ABH Healthcare IPO?
The minimum lot size of ABH Healthcare IPO is
2400 shares & the minimum application amount
is
Rs.
244800.
When is the allotment of ABH Healthcare IPO?
The allotment date of ABH Healthcare IPO is
27 Aug 26.
What is the listing date of ABH Healthcare IPO?
The listing date of ABH Healthcare IPO is
31 Aug 26.
What is the subscription of ABH Healthcare IPO?
ABH Healthcare IPO is subscribed
-.
What is the price band of ABH Healthcare IPO?
ABH Healthcare IPO is priced at
₹96 - ₹102 per
share.
How to check allotment status of ABH Healthcare IPO?
Click the allotment link on ABH Healthcare IPO page of IPO360.
How to apply ABH Healthcare IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply ABH Healthcare IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply ABH Healthcare IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select ABH Healthcare IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date
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