Hannah Joseph Hospital IPO, a ₹42 Crore book-built SME IPO, is a fresh issue of 60,00,000 Equity Shares at a face value of ₹10/share.
The bidding period for the Hannah Joseph Hospital IPO starts on 22 January 2026 and ends on 27 January 2026. Hannah Joseph Hospital schedules its share allotment on 28 January 2026 and lists at BSE SME, which is planned for 30 January 2026.
Hannah Joseph Hospital IPO fixes its price band at ₹67/share — ₹70/share. The minimum bid for each retail application is 4,000 shares, 2,000 shares/lot, which brings the minimum investment value to ₹2,80,000, based on the upper band.
Hannah Joseph Hospital IPO: Details
| IPO Opens | 22 January 2026 |
| IPO Closes | 27 January 2026 |
| Face value | ₹10 |
| Price Band | ₹67 to ₹70/share |
| Issue price | – |
| IPO Lot Size | 2,000 shares |
| Offer for sale | – |
| Fresh issue | 60,00,000 Equity Shares (₹42 Crore) |
| Issue Type | Book-built |
| Listing | BSE SME |
| Total Issue Size (₹ Crore) | ₹42 Crore (60,00,000 Equity Shares) |
| Minimum Retail Investment | ₹2,80,000 |
Hannah Joseph Hospital IPO Timeline
| Bid Opening Date | 22 January 2026 |
| Bid Closing Date | 27 January 2026 |
| Allotment | 28 January 2026 |
| Refunds Initiated | 29 January 2026 |
| Share Credit Date | 29 January 2026 |
| Listing Date | 30 January 2026 |
| UPI mandate Cut-off time | 27 January 2026 (5 PM) |
Hannah Joseph Hospital Key Performance Indicators (KPIs)
| KPIs | 2025 | 2024 | 2023 |
| ROE (%) | 14.77 | 10.13 | 3.14 |
| ROCE (%) | 17.03 | 13.83 | 11.35 |
| Debt-Equity Ratio (in times) | 0.65 | 0.69 | 1.24 |
| RoNW (%) | 14.74 | 9.26 | 2.96 |
| PAT Margin (%) | 9.3 | 6.41 | 1.85 |
| EBITDA Margin (%) | 26.47 | 28.35 | 29.99 |
| Price-Book Value | – | – | – |
Hannah Joseph Hospital IPO Financial Information
| 2025 (in ₹ lakh) | 2024 (in ₹ lakh) | 2023 (in ₹ lakh) | |
| Revenue | 7,753.13 | 6,340.78 | 5,462.32 |
| Assets | 9,929.24 | 8,996.80 | 9,214.24 |
| Profit After Tax | 720.99 | 406.64 | 101.06 |
Hannah Joseph Hospital IPO Reservation
Hannah Joseph Hospital IPO shares reservation for varied investor categories:
| Category | % of Shares Offered | Shares offered |
| Market makers | 5.00% | 3,00,000 |
| QIBs | 47.50% | 28,50,000 |
| Anchor Investors | – | – |
| Retail Investors | 33.25% | 19,95,000 |
| NII shares offered (HNI) | 14.25% | 8,55,000 |
| Total Shares Offered | 100% | 60,00,000 |
Subscription Status: Hannah Joseph Hospital IPO
Hannah Joseph Hospital IPO shares’ subscription status. Track them here!
| Day | QIB | NII | Retail Investor | Employee | Total Subscription |
| 22 January(Day 1) | – | – | – | – | – |
| 23 January(Day 2) | – | – | – | – | – |
| 24 January(Day 3) | – | – | – | – | – |
| 25 January(Day 4) | – | – | – | – | – |
| 26 January(Day 5) | – | – | – | – | – |
| 27 January(Day 6) | – | – | – | – | – |
Hannah Joseph Hospital IPO GMP
Hannah Joseph Hospital IPO’s latest GMP is ₹0, showing no major movement. The listing price stays at ₹70 as of 21 January 2026, which keeps the expected gain at 0.00%.
| Date | GMP (₹) | Estimated Listing Price | Estimated Listing Gain | Trend |
| 21 January 2026 | ₹0 | ₹70 | ₹0 (0.00%) | – |
| 20 January 2026 | ₹0 | ₹70 | ₹0 (0.00%) | – |
| 19 January 2026 | ₹0 | ₹70 | ₹0 (0.00%) | – |
Note: GMP values are unofficial and subject to fluctuation based on evolving investor sentiment, subscription rates, and market dynamics.
Hannah Joseph Hospital IPO: Lot Size
Retail investors shall place their bids for a minimum of 4,000 shares, that is, 2 lots, 2,000 shares/lot.
| Application | Lot Size | Shares | Amount(in ₹) |
| Retail Investors Minimum Application | 2 | 4,000 | ₹2,80,000 |
| Retail Investors Maximum Application | 2 | 4,000 | ₹2,80,000 |
| S-HNI Minimum Application | 3 | 6,000 | ₹4,20,000 |
| S-HNI Maximum Application | 7 | 14,000 | ₹9,80,000 |
| B-HNI Minimum Application | 8 | 16,000 | ₹11,20,000 |
Hannah Joseph Hospital IPO: Anchor Investors Details
| Bidding Opens On | 21 January 2026 |
| Shares to be Offered | – |
| Anchor Investor Issue Size | – |
| 30 days lock-in expiry date (50% of shares) | – |
| 90 days lock-in expiry date (For remaining shares) | – |
Hannah Joseph Hospital IPO Prospectus
| Hannah Joseph Hospital IPO DRHP(Doc) | |
| Hannah Joseph Hospital IPO RHP(Doc) | |
| Hannah Joseph Hospital IPO Anchor Investors | – |
| Hannah Joseph Hospital IPO Final Prospectus | – |
About Hannah Joseph Hospital Limited
Hannah Joseph Hospital Ltd. was established on 24 October 2011 under the leadership of Managing Director Dr Moses Joseph Arunkumar. Since its inception, it has focused on building a strong clinical foundation, guided by experienced management and a patient-centric approach.
The company provides an extensive range of neurosurgery and neurology services and has further expanded its medical capabilities by introducing a dedicated cardiac sciences department. This includes a fully equipped cath lab and advanced cardiac operation theatres, enabling the hospital to carry out complex coronary angioplasty procedures as well as open-heart surgeries.
| Book Running Lead Managers (BRLM) | CapitalSquare Advisors Pvt. Ltd. |
| IPO Registrar | Bigshare Service Pvt. Ltd. |
Objectives of Hannah Joseph Hospital
| Particulars | Amount (in ₹ lakh) |
| Capital expenditure for setting Radiation Oncology Centre | 3,498.21 |
| Corporate requirements | – |
Strengths Of Hannah Joseph Hospital
- Expertise power hub: The hospital has a strong neurosciences team that handles complex cases with precision, speed, and modern tech.
- Heart game strong: The hospital has advanced cardiac care with experienced specialists and a modern setup.
- Better & faster healing: The hospital provides orthopaedic and trauma care, along with a smooth rehabilitation journey.
- Always on guard: The hospital provides 24/7 emergency and critical care supported by skilled teams, advanced ICUs, and fast response for high-risk cases.
Risks of Hannah Joseph Hospital
- Radiation centre rollout risk: The hospital might face delays in equipment procurement, approvals, or execution, which could increase its costs and impact timelines, earnings, and expansion plans.
- Approval & license pressure: The hospital’s failure to secure or renew mandatory regulatory clearances may disrupt its operations and affect cash flows.
- Legal overhang: The hospital’s ongoing legal cases are uncertain, and adverse outcomes will impact its profitability and management focus.
- Compliance slip-ups: The hospital has previously made procedural lapses under Companies Act provisions that could invite penalties and create reputational and regulatory risks.
Hannah Joseph Hospital IPO Review
Hannah Joseph Hospital IPO reflects financial improvement backed by niche strengths in neurosciences and cardiac care. The company’s rising margins and improving return ratios signal operational traction.
However, GMP at ₹0, regulatory dependencies, and execution risks may temper short-term enthusiasm. The issue suits investors with a medium to long-term view who are comfortable with SME liquidity risks and healthcare sector compliance complexities.
Other Recent IPO List
Here’s a list of currently ongoing and upcoming IPOs in India 2026:
| Digilogic Systems IPO | Armour Security India IPO |
| Shayona Engineering IPO | Amagi Media Labs IPO |
| Shadowfax Technologies IPO | Narmadesh Brass IPO |
| Aritas Vinyl IPO | INDO SMC IPO |
Hannah Joseph Hospital IPO FAQs
The Hannah Joseph Hospital IPO is a book-built SME public issue comprising a fresh issue of 60,00,000 equity shares, aiming to raise ₹42 crore for business expansion and operational needs.
Investors can apply for the Hannah Joseph Hospital IPO through their stockbroker or online trading platforms using ASBA via net banking or UPI during the bidding period.
The Hannah Joseph Hospital IPO shows improving financials and a strong clinical focus but carries execution and regulatory risks. It might suit investors with a higher risk appetite.
The Hannah Joseph Hospital IPO, with a current GMP of ₹0, indicates near-term listing gains are limited. The returns will largely depend on long-term operational performance and expansion success.
The Hannah Joseph Hospital IPO opens for subscription on 22 January 2026 and closes on 27 January 2026.
The retail lot size for the Hannah Joseph Hospital IPO is 2,000 shares, with a minimum application of 4,000 shares amounting to ₹2,80,000 at the upper price band.
The Hannah Joseph Hospital IPO allotment is scheduled to be finalised on 28 January 2026.
The Hannah Joseph Hospital IPO shares are expected to be listed on the BSE SME platform on 30 January 2026.
