1 week ago

ABH Healthcare Plans ₹35 Crore IPO on NSE Emerge

ABH Healthcare Plans ₹35 Crore IPO on NSE Emerge
ABH Healthcare to raise ₹35 crore via IPO on NSE Emerge · thehindubusinessline.com

ABH Healthcare wants to collect ₹35 crore by selling new shares to the public.

Its IPO will be available on NSE Emerge.

People can apply at a price between ₹96 and ₹102 per share.

Each application must be for at least 1,200 shares.

The company plans to use much of the money to repay debt and support its daily business needs.

Some funds may also be used for acquisitions and general corporate purposes.

ABH Healthcare runs a 150-bed hospital in Punjab.

The hospital offers treatment in 25 medical specialities.

The company says it wants to improve medical services and expand as a listed company.

Key facts

Issue size
₹35 crore
Price band
₹96–₹102 per equity share
Fresh issue
34,29,600 equity shares
Application lot
1,200 equity shares
Debt repayment allocation
₹17 crore
Working capital allocation
₹5 crore
Hospital capacity
150 beds across 25 medical specialities
IPO advisers
Fedex Securities is the book-running lead manager; Bigshare Services is the registrar

Sources

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