ABH Healthcare IPO
ABH Healthcare IPO is an SME IPO raising ₹35 Cr at ₹96 – ₹102 a share. It listed on 1 Sept 2026 at ₹99, −2.9% against its issue price of ₹102, and trades at ₹39 today (−61.3% since issue). It was subscribed 2.16× in total.
2.2 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Where your money goes
Only the fresh issue reaches the company. The offer for sale is existing shareholders selling their own stock — that money goes to them, not the business.
A red herring prospectus is filed before the price is fixed, so it states share counts rather than rupee amounts. derived: shares x cut-off price Rs102 + OFS by subtraction from exchange total Rs35 Cr. Checked: exchange issue size Rs35 Cr vs derived Rs35 Cr (0.0% apart).
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
Priced 44% below the median multiple of the peers the issuer itself names.
| Listed peer (issuer’s choice) | P/E | RoNW | EPS |
|---|---|---|---|
| Sangani Hospitals Limited | 24.52× | 16.2% | ₹2.17 |
| Maitreya Medicare Limited | -34.11× | -8.1% | ₹-3.64 |
| Asarfi Hospital Limited | 27.63× | 18.65% | ₹8.47 |
| This issue | 14.5× | 39.07% | ₹7.05 |
derived: cut-off price Rs102 / stated EPS Rs7.05 (FY2026 (year ended March 31, 2026) basic and diluted EPS, restated consolidated; post-bonus). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.