Archive · 2 Feb 2026
Hannah Joseph IPO Debuts at Discount
Hannah Joseph Hospital's shares started trading on the stock market at a price lower than what they were sold for during the IPO.
This means people who bought shares during the IPO are seeing a loss.
The IPO was open for subscription for a few days and was subscribed more than once, especially by individual investors and non-institutional investors.
The company plans to use the money raised to build a new center for cancer treatment and for other business needs.
The hospital is in Madurai and has many different departments for treating patients.
Hannah Joseph shares listed at a 7.6% discount to the IPO price of ₹70, opening at ₹65 on BSE SME.
The IPO was subscribed 1.41 times, with strong interest from retail and NII investors.
The ₹42 crore IPO consisted solely of a fresh issue of 0.60 crore shares.
Proceeds will be used to fund a Radiation Oncology Centre and general corporate purposes.
The company operates a 150-bed multi-speciality hospital in Madurai.
- Who
- Hannah Joseph Hospital Limited
- What
- IPO listing at a 7.6% discount to the IPO price
- When
- Listing on BSE SME, IPO subscription between January 22 and January 27, allotment on January 28
- Where
- BSE SME, Madurai (hospital location)
- Why
- To fund capital expenditure for setting up a Radiation Oncology Centre and general corporate purposes
- IPO Price
- ₹70
- Listing Price
- ₹65
- Discount
- 7.6%
- IPO Size
- ₹42 crore
- Shares Offered
- 0.60 crore
- Subscription
- 1.41 times
- Retail Subscription
- 1.47 times
- NII Subscription
- 1.84 times
- QIB Subscription
- 0.95 times
- Bids Received
- 56.12 lakh shares
- Shares on Offer
- 39.94 lakh shares
- Lot Size
- 2,000 shares
- Minimum Investment
- ₹2.80 lakh
- Anchor Investment
- ₹11.94 crore
- Fund Usage
- Radiation Oncology Centre and general corporate purposes