Now Reading: ABH Healthcare to raise Rs 35 crore via IPO on NSE Emerge
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ABH Healthcare to raise Rs 35 crore via IPO on NSE Emerge
ABH Healthcare, a multi-speciality healthcare provider, will raise Rs 35 crore through an initial public offering on NSE Emerge. The issue opens for subscription on Monday with a price band of Rs…
ABH Healthcare, a multi-speciality healthcare provider, will raise Rs 35 crore through an initial public offering on NSE Emerge. The issue opens for subscription on Monday with a price band of Rs 96 to Rs 102 per share. The IPO comprises a fresh issue of 34,29,600 equity shares through book-building, with a lot size of 1,200 shares.
The company plans to use Rs 17 crore from the proceeds for debt repayment and Rs 5 crore for working capital. A portion will also fund inorganic growth through unidentified acquisitions. Dr Saurabh Baghi, managing director, said the firm runs Anil Baghi Hospital in Punjab with 150 beds and 25 specialities. As of June-end, the company had 37 doctors and 101 nurses.
Indian Opinion Analysis
This IPO taps the NSE Emerge platform, which has become a preferred route for small and mid-sized firms to list without the full compliance burden of the main board. Punjab's healthcare market remains fragmented, with few organised players, giving ABH a potential first-mover advantage in the region. Investors will watch how the company deploys the Rs 5 crore earmarked for acquisitions, as inorganic growth targets remain unspecified. Key metric: the IPO's success will signal demand for regional healthcare stocks amid rising hospitalisation costs. The subscription closes later this week, final allotment will determine free-float and listing-day liquidity.
Source: thehindubusinessline.com
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