Hannah Joseph Ipo
Hannah Joseph Hospital IPO Review & Key Points
Review: Neutral
IPO Lead Managers aka Merchant Bankers
Capital Square Advisors Pvt.Ltd
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 4,000 | ₹2,80,000 |
| Retail Maximum | 2 | 4,000 | ₹2,80,000 |
| S-HNI Minimum | 3 | 6,000 | ₹4,20,000 |
| S-HNI Maximum | 7 | 14,000 | ₹9,80,000 |
| B-HNI Minimum | 8 | 16,000 | ₹11,20,000 |
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | 17,06,000 Shares | 28.43% |
| QIB (Ex. Anchor) | 11,44,000 Shares | 19.07% |
| NII Shares Offered | 8,55,000 Shares | 14.25% |
| Retail Shares Offered | 19,95,000 Shares | 33.25% |
| Anchor Bidding Date | January 21, 2026 |
| Anchor Investors List | |
| Shares Offered | 17,06,000 Shares |
| Anchor Size | 11.94 Cr. |
| lock-in period end date 50% shares (30 Days) | February 27, 2026 |
| lock-in period end date 50% shares (90 Days) | April 28, 2026 |
| IPO Open Date: | January 22, 2026 |
| IPO Close Date: | January 28, 2026 |
| Basis of Allotment: | January 29, 2026 |
| Refunds: | January 30 2026 |
| Credit to Demat Account: | January 30, 2026 |
| IPO Listing Date: | February 2, 2026 |
| IPO Bidding Cut-off Time: | January 28, 2026 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,66,98,363 | 93.57% |
| Promoter Holding Post Issue | 2,26,98,363 | 68.83% |
| Purpose | Crores |
| Funding of capital expenditure for establishing Radiation Oncology Centre | ₹34.98 |
| General Corporate Purpose | ₹- |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹54.90 | ₹53.88 | ₹1.01 | ₹92.14 |
| 2024 | ₹63.63 | ₹58.29 | ₹4.07 | ₹89.97 |
| 2025 | ₹77.90 | ₹67.55 | ₹7.21 | ₹99.29 |
| Sep 2025 | ₹42.75 | ₹35.70 | ₹5.12 | ₹104.58 |
| KPI | Values |
| ROE: | 14.77% |
| ROCE: | 17.03% |
| EBITDA Margin: | 26.47% |
| PAT Margin: | 9.30% |
| Debt to equity ratio: | 0.65 |
| Earning Per Share (EPS): | ₹4.32 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 14.74% |
| Net Asset Value (NAV): | ₹29.30 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Asarfi Hospital Limited | 5.58 | 32.26 | 13.48% | 41.39 | 128.13 Cr. |
| Maitreya Medicare Limited | 2.80 | 74.29 | 7.10% | 39.49 | 44.85 Cr. |
| IPO Open Date | January 22, 2026 |
| IPO Close Date | January 28, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹67 to ₹70 Per Share |
| Issue Size | Approx ₹42 Crores |
| Fresh Issue | Approx ₹42 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type | Book build issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |