Hannah Joseph Hospital IPO: GMP, Price, Analysis, And Details

Hannah Joseph Hospital IPO- Company Analysis

Hannah Joseph Hospital IPO under the SME IPO category is a bookbuild issue of Rs. 42 Cr by Hannah Joseph Hospital Limited and is a healthcare organization that provides outstanding medical care in a range of specializations.

Situated on a 2-acre site with central air conditioning and water heating, the organization is a multispecialty healthcare provider in Madurai with a total capacity of 150 beds. In order to meet the need for high-quality and reasonably priced healthcare services, the company concentrates on neurology, cardiology, psychiatry, and trauma treatment. It also understands client culture, global nuances, and the demands of medical professionals.

Services:

• Department of Neurosciences

• Department of Cardio Sciences

• Department of Trauma Care

• Psychiatry Department

Hannah Joseph Hospital IPO Details

The Hannah Joseph Hospital IPO date of opening is 22 Jan 2026, its initial public offering will end on 27 Jan, IPO allotment on Jan 28 and refund initiation on Jan 29, 2026.

The Rs. 42 crore new SME IPO comprises a wholly fresh issue of 0.60 crore shares.

The Hannah Joseph Hospital IPO listing date (expected) might be on Friday, Jan 30, 2026, and listing at the BSE and SME. 

The Hannah Joseph Hospital IPO price band is Rs. 67 to Rs. 70.

IPO Timetable (Tentative)

Events	Date
IPO Opening Date	Jan 22, 2026
IPO Closing Date	Jan 27, 2026
IPO Allotment Date	Jan 28, 2026
Refund Initiation	Jan 29, 2026
IPO Listing Date	Jan 30, 2026

 

Click to open demat account and apply for the IPO.

 

Company Financials

(Amount in Cr)

Particulars	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	99.29	89.97	92.14
Total Income	77.90	63.63	54.90
PAT	7.21	4.07	1.01
EBITDA	20.52	17.98	16.38
Net Worth	48.93	43.93	34.15
Reserves & Surplus	35.24	29.02	18.20
Total Borrowing	33.58	31.39	42.95

 

Cash Flows

(Amount in lac)

Net Cash Flow	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	1960	804	2081
Net Cash Flow Investing Activities	-1349	-360	-496
Net Cash Flow Financing Activities	-318	-262	-1043

 

Revenue Bifurcation

(Rs. in Lac)

(Source: RHP)

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Funding of capital expenditure for establishing the Radiation Oncology Centre. ~ Rs. 34.98 Cr.
  
  

Listed Peers of Hannah Joseph Hospital Ltd.

Company Name	Face Value (₹)	EPS (₹)	P/E Ratio (x)
Asarfi Hospital Limited	10	5.58	32.26
Maitreya Medicare Limited	10	2.80	74.29

 

Valuation

KPI	Value
ROE	14.77%
ROCE	17.03%
Debt / Equity	0.65
RoNW	14.74%
PAT Margin	9.30%
EBITDA Margin	26.47%
Price to Book Value	2.66

 

 

Evaluation of P/E Ratio

Considering the period ended on FY 2025 with an EPS of Rs. 4.32 from the last year, the resulting P/E ratio is 16.20x.

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IPO's Strengths

• Superiority in the Neurosciences

• Advanced Heart Research

• proficiency in trauma and orthopaedics

• Strong Critical and Emergency Care

• Dedication to Patient-Centered Care.
  
  

IPO’s Weaknesses

• Restricted geographic reach

• The requirement for money for expensive equipment

• Obstacles to the hospital's growth as a multispecialty facility.

 

Hannah Joseph Hospital IPO GMP (Grey Market Premium)

Hannah Joseph Hospital IPO GMP today is Rs. 0 as of 19 Jan 2026 while writing this information. With a price band set at Rs. 70. This suggests that the estimated listing price of the IPO could be around Rs. 70, indicating a gain/loss of 0%.

Hannah Joseph Hospital IPO Summary

IPO Opening & Closing Date	22 Jan, 2026 to 27 Jan, 2026
Face Value	Rs. 10 per Share
Issue Price	Rs. 67 to Rs. 70 per Share.
Lot Size	1500 Shares
Issue Size	60,00,000 Shares (Rs. 42 Cr)
Offer for Sale	-
Fresh Issue	60,00,000 Shares (Rs. 42 Cr)
Listing at	BSE, SME
Issue Type	Bookbuild issue IPO
Registrar	Bigshare Services Pvt. Ltd.

IPO Lot Details 

Retail investors can invest in a minimum of 2 Lots (3000 Shares) for Rs. 2,10,000, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (4500 Shares) for Rs. 3,15,000.

Minimum Lot Investment (Retail)	2 Lots
Maximum Lot Investment (Retail)	2 Lots
HNI (Min)	3 Lots

 

Hannah Joseph Hospital IPO Allotment Status

To check the Hannah Joseph Hospital IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

Promoters And Management of Hannah Joseph Hospital Ltd.

• Mr. Madhusudhan Varma Jetty

• Mrs. Radhika Varma Jetty

• Mr. Shashank Varma Jetty 

• Mr. Hitesh Varma Jetty

Pre-Issue Promoter Shareholding	93.57%
Post-Issue Promoter Shareholding	68.83%

 

IPO Lead Managers

• Capital Square Advisors Pvt. Ltd. 
  
  

Dividend Policy

The company has not paid a dividend since its inception.

 

Conclusion

The Hannah Joseph Hospital IPO offers a targeted SME healthcare opportunity with robust revenue growth, increasing profitability, and sound operating margins. However, it might only be suitable for risk-conscious investors due to its restricted geographic reach and capital-intensive nature.

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.