Hannah Joseph Hospital IPO opens; GMP and key details to know today

Hannah Joseph Hospital’s IPO opens for subscription on Thursday, with a flat grey market premium, reflecting muted expectations of listing gains in the SME market. The Rs 42 crore issue comprises 60 lakh fresh shares, priced at Rs 67–70 each. Subscription closes on January 27, with listing on BSE SME scheduled for January 30.

At the upper end of the band, the hospital’s pre-IPO valuation stands at Rs 159 crore. Retail investors must apply for a minimum of 4,000 shares (Rs 2.8 lakh), while HNIs face a minimum investment of Rs 4.2 lakh. The IPO also raised Rs 11.94 crore from anchor investors, covering about 28% of the total shares.

About the Hospital

Founded in 2011, the Madurai-based multi-specialty hospital operates on a 2-acre campus with 150 beds. Key specialties include neurology, cardiology, psychiatry, orthopaedics, trauma care, and critical care services. The hospital employs 364 staff and plans to expand offerings, including a radiation oncology centre, using IPO proceeds.

Financials & Outlook

For six months ending September 2025, PAT was Rs 5.12 crore on Rs 42.75 crore income. FY25 profit stood at Rs 7.21 crore with EBITDA margins above 26%. With a flat GMP and high retail ticket size, investor interest will depend on confidence in regional healthcare growth and the hospital’s ability to scale profitably.