Hannah Joseph Hospital IPO is scheduled to open for subscription on January 22, 2026, and will close on January 27, 2026. The IPO is a book-built SME issue and is proposed to be listed on the BSE SME platform on January 30, 2026. The price band for the issue has been fixed at ₹67 to ₹70 per equity share, and the allotment is expected to be finalised on January 28, 2026.
The company aims to raise around ₹42 crore through this IPO, entirely via a fresh issue of equity shares. There is no confirmed offer for sale component as of now. The face value of each equity share is ₹10. Retail investors have been allocated 35 percent of the issue, Qualified Institutional Buyers 50 percent, and High Net-worth Individuals 15 percent.
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Hannah Joseph Hospital IPO Details
| Particular | Details |
|---|---|
| IPO Open Date | January 22, 2026 |
| IPO Close Date | January 27, 2026 |
| Face Value | ₹10 per equity share |
| IPO Price Band | ₹67 to ₹70 per share |
| Issue Size | Approx ₹42 Crores |
| Fresh Issue | Approx ₹42 Crores |
| Offer for Sale | Approx [.] Equity Shares |
| Issue Type | Book Built Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | View PDF |
| RHP Draft Prospectus | View PDF |
Open: 22-27 Jan
Issue Size: ₹42 Cr.
Objective: Funding capital expenditure to set up a Radiation Oncology Centre and for general corporate purposes.
Exchange: BSE SME
Hannah Joseph Hospital IPO Review
Hannah Joseph Hospital IPO is a healthcare sector SME issue focused on capacity expansion through a Radiation Oncology Centre. The company has shown steady revenue growth over the last three financial years, supported by improving margins and controlled leverage.
Although profit declined in FY2024 compared to FY2025, the overall operating performance has improved, especially in the latest reported period. The issue is priced reasonably in comparison with peers, considering its growth plans and regional healthcare demand. Investors with a long-term perspective may consider this IPO, keeping in mind the SME segment risks and listing liquidity.
Track GMP: Hannah Joseph Hospital IPO GMP Today
Hannah Joseph Hospital IPO Market Lot
The minimum market lot for Hannah Joseph Hospital IPO is 3,000 shares, requiring a minimum investment of ₹2,10,000 at the upper price band.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 3,000 | ₹2,10,000 |
| Retail Maximum | 2 | 3,000 | ₹2,10,000 |
| S-HNI Minimum | 3 | 4,500 | ₹3,15,000 |
| S-HNI Maximum | 9 | 13,500 | ₹9,45,000 |
| B-HNI Minimum | 10 | 13,500 | ₹10,50,000 |
IPO Reservation
| Investor Category | Shares Offered | % Shares |
|---|---|---|
| Anchor Investor | – Shares | – % |
| QIB (Ex-Anchor) | – Shares | – % |
| NII Shares Offered | 8,55,000 Shares | 14.25% |
| Retail Shares Offered | 19,95,000 Shares | 33.25% |
Hannah Joseph Hospital IPO Anchor Investors
| Particular | Details |
|---|---|
| Anchor Bidding Date | 2026 |
| Anchor Investors List | View PDF |
| Shares Offered | – Shares |
| Anchor Size | – Cr |
| Lock-in Period (50% for 30 Days) | 2026 |
| Lock-in Period (50% for 90 Days) | 2026 |
Hannah Joseph Hospital IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | January 22, 2026 |
| IPO Close Date | January 27, 2026 |
| Basis of Allotment | January 28, 2026 |
| Refunds | January 29, 2026 |
| Credit to Demat Account | January 29, 2026 |
| IPO Listing Date | January 30, 2026 |
| IPO Bidding Cut-off Time | January 27, 2026 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Mosesjoseph Arunkumar, Fenn Kavitha Fenn Arunkumar, Arunkumar Nalina, and Noyel Arunkumar.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 1,66,98,363 | 93.57% |
| Promoter Holding Post Issue | 2,26,98,363 | 68.83% |
Objects of the Issue
The primary objective of the IPO is to fund capital expenditure for establishing a Radiation Oncology Centre, for which ₹34.98 crore has been earmarked. The remaining funds will be utilised for general corporate purposes, including strengthening operational capabilities and supporting future growth initiatives.
About Hannah Joseph Hospital Limited
Hannah Joseph Hospital Limited is a Madurai-based healthcare provider offering multi-specialty medical and diagnostic services. The hospital focuses on quality patient care, modern infrastructure, and experienced medical professionals.
It has built a strong regional presence by continuously upgrading its facilities and service offerings. As part of its expansion plans, the company is setting up a Radiation Oncology Centre to strengthen its specialised treatment capabilities and support long-term growth.
Company Financial Report
(Amount ₹ in Crores)
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹54.90 | ₹53.88 | ₹1.01 | ₹92.14 |
| 2024 | ₹63.63 | ₹58.29 | ₹4.07 | ₹89.97 |
| 2025 | ₹77.90 | ₹67.55 | ₹7.21 | ₹99.29 |
| Sep 2025 | ₹42.75 | ₹35.70 | ₹5.12 | ₹104.58 |
Hannah Joseph Hospital IPO Valuation – FY2025
| KPI | Values |
|---|---|
| ROE | 14.77% |
| ROCE | 17.03% |
| EBITDA Margin | 26.47% |
| PAT Margin | 9.30% |
| Debt to Equity Ratio | 0.65 |
| Earning Per Share (EPS) | ₹4.32 |
| Price/Earning P/E Ratio | N/A |
| Return on Net Worth (RoNW) | 14.74% |
| Net Asset Value (NAV) | ₹29.30 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Asarfi Hospital Limited | 5.58 | 32.26 | 13.48% | 41.39 | 128.13 Cr |
| Maitreya Medicare Limited | 2.80 | 74.29 | 7.10% | 39.49 | 44.85 Cr |
IPO Lead Managers
Capital Square Advisors Pvt. Ltd.
Company Address
| Particular | Details |
|---|---|
| Company Name | Hannah Joseph Hospital Ltd. |
| Address | 134, Lake View Road, K.K. Nagar, Madurai, Tamil Nadu – 625020 |
| Phone | 9524729594 |
| cs@hannahjosephhospital.com | |
| Website | hannahjosephhospital.com |
IPO Registrar
Bigshare Services Pvt. Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Hannah Joseph Hospital IPO FAQs
What is Hannah Joseph Hospital IPO?
Hannah Joseph Hospital IPO is an SME IPO aiming to raise ₹42 crore through a fresh issue. The IPO is priced at ₹67 to ₹70 per share and will be listed on BSE SME.
When will Hannah Joseph Hospital IPO open for subscription?
The IPO will open on January 22, 2026, and close on January 27, 2026.
What is the investors’ portion in Hannah Joseph Hospital IPO?
The allocation is 50 percent for QIBs, 15 percent for NIIs, and 35 percent for retail investors.
How can one apply for Hannah Joseph Hospital IPO?
Investors can apply through ASBA via bank accounts, UPI through stockbrokers, or offline application forms.
What is the issue size of Hannah Joseph Hospital IPO?
The total issue size is approximately ₹42 crore.
What is the price band of Hannah Joseph Hospital IPO?
The price band is fixed at ₹67 to ₹70 per equity share.
What is the lot size for Hannah Joseph Hospital IPO?
The minimum lot size is 3,000 shares, requiring an investment of ₹2,10,000.
What is the allotment date of Hannah Joseph Hospital IPO?
The allotment is expected on January 28, 2026.
When will Hannah Joseph Hospital IPO list?
The IPO is scheduled to list on January 30, 2026, on the BSE SME platform.
Expert Comment
Hannah Joseph Hospital IPO appears to be a fundamentally stable SME healthcare issue with a clear expansion objective. The company’s improving margins, reasonable leverage, and focused use of proceeds support its long-term growth story.
However, being an SME IPO, investors should be mindful of liquidity risks and adopt a long-term investment approach rather than short-term listing expectations.
