Hannah Joseph Hospital IPO is a book-built SME issue worth ₹42 crore. The entire offer consists of a fresh issue of 60 lakh equity shares.
The IPO will open for subscription on January 22, 2026, and close on January 27, 2026. The basis of allotment is likely to be finalized on January 28, 2026, and the shares are expected to be listed on the BSE SME platform on January 30, 2026.
The price band for the IPO has been fixed at ₹67 to ₹70 per share. Investors must apply in lots of 1,500 shares. For retail investors, the minimum investment required is ₹2,10,000 for 3,000 shares at the upper price band. For HNI investors, the minimum application size is 3 lots (4,500 shares), which amounts to ₹3,15,000.
Capital Square Advisors Pvt. Ltd. is the lead manager to the issue, while Bigshare Services Pvt. Ltd. has been appointed as the registrar. CapitalSquare Financial Services Private Limited will act as the market maker for the IPO.
Hannah Joseph Hospital IPO Objectives
The company proposes to use the funds raised from the fresh issue for the following:
- IPO is a fresh issue of 60 lakh shares to raise funds for expansion.
- Main purpose is to set up a new Radiation Oncology Centre at the Madurai hospital.
- Total estimated cost of oncology project: ₹4,323.81 lakh.
- ₹3,498.21 lakh will be funded from IPO proceeds.
- ₹825.60 lakh will be contributed from internal accruals.
- ₹772.10 lakh already spent for land acquisition (fully internally funded).
- ₹500 lakh to be used in FY26 and ₹2,998.21 lakh in FY27 for the project.
- Remaining IPO funds will be used for general corporate purposes and strengthening operations.
About Hannah Joseph Hospital Limited
Hannah Joseph Hospital Limited, incorporated in 2011, is a multi-speciality healthcare provider based in Madurai. The hospital operates from a well-equipped 2-acre campus with centralised air-conditioning and water heating systems and has a total bed capacity of 150.
The company primarily focuses on delivering specialised and affordable medical care in the fields of Neurology, Cardiology, Psychiatry and Trauma treatment, catering to the growing demand for quality healthcare services. Its key departments include Neurosciences (Neurology and Neurosurgery), Cardio Sciences (Cardiology), Trauma Care (Orthopaedics and Oral & Maxillofacial Surgery) and Psychiatry.
As of November 30, 2025, the hospital employed 364 staff members. The hospital’s major strengths lie in its strong expertise in neurosciences, advanced cardiac care facilities, specialisation in orthopaedics and trauma, robust emergency and critical care services, patient-centric treatment approach and active participation in community healthcare initiatives.
Industry Outlook
- Global healthy life expectancy (HALE) rose from 58.1 years (2000) to 63.5 years (2019) mainly due to lower deaths from infections and NCDs.
- Diabetes-related illness reduced HALE by 0.14 years among adults.
- COVID-19 caused major HALE losses globally between 2019–2021, especially in people aged 30+.
- Mental health disorders like anxiety and depression further reduced global HALE.
- Progress toward health-related SDGs remains slow, and many targets are off-track.
- Infectious disease control improved for HIV & TB, but malaria and antimicrobial resistance remain challenges.
- The global shortage of health workers is still high at 14.7 million in 2023.
- Universal Health Coverage expansion is below global targets despite gradual improvement.
- India’s healthcare sector is rapidly growing and is among the country’s largest industries.
- Market size increased from ₹9.4 lakh crore (2016) to ₹31.9 lakh crore (2023) and is expected to reach ₹54.7 lakh crore by 2025.
- Healthcare spending is expected to rise to 5% of GDP by 2030.
How To Apply for the Hannah Joseph Hospital IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Hannah Joseph Hospital IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of Hannah Joseph Hospital IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Hannah Joseph Hospital IPO
Hannah Joseph Hospital Ltd.
Address: 134, Lake View Road, K.K. Nagar, Madurai, Tamil Nadu, 625020
Phone:9524729594
E-mail:cs@hannahjosephhospital.com
Hannah Joseph Hospital IPO Reservation
| Investor Category | Shares Offered (%) |
| Market Maker | 3,00,000 (5.00%) |
| QIB | 28,50,000 (47.50%) |
| QIB (Ex-Anchor) | - |
| NII (HNI) | 8,55,000 (14.25%) |
| Retail (RII) | 19,95,000 (33.25%) |
| Total | 60,00,000 (100%) |
Hannah Joseph Hospital IPO Lot Size Details
| Application Category | Lots | Shares | Amount |
| Retail (Minimum) | 2 | 3,000 | ₹2,10,000 |
| Retail (Maximum) | 2 | 3,000 | ₹2,10,000 |
| S-HNI (Minimum) | 3 | 4,500 | ₹3,15,000 |
| S-HNI (Maximum) | 9 | 13,500 | ₹9,45,000 |
| B-HNI (Minimum) | 10 | 15,000 | ₹10,50,000 |
Hannah Joseph Hospital IPO Promoter Holding
Mosesjoseph Arunkumar, Fenn Kavitha Fenn Arunkumar, Arunkumar Nalina and Noyel Arunkumar are the promoters of the company.
| Share Holding Pre-Issue | 93.57% |
| Share Holding Post Issue | 68.83% |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for Hannah Joseph Hospital IPO
| KPI | Sep 30, 2025 | Mar 31, 2025 |
| ROE | 9.39% | 14.77% |
| ROCE | 10.41% | 17.03% |
| Debt/Equity | 0.55 | 0.65 |
| RoNW | 9.62% | 14.74% |
| PAT Margin | 12.03% | 9.30% |
| EBITDA Margin | 27.38% | 26.47% |
| Price to Book Value | 2.20 | 2.66 |
Hannah Joseph Hospital IPO Registrar and Lead Managers
Hannah Joseph Hospital IPO Lead Managers
Capital Square Advisors Pvt.Ltd.
Registrar for Hannah Joseph Hospital IPO
Bigshare Services Pvt.Ltd.
Contact Number:+91-22-6263 8200
Email Address:ipo@bigshareonline.com
Financial Performance of Hannah Joseph Hospital Limited
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets (Cr) | 104.58 | 99.29 | 89.97 | 92.14 |
| Total Income (Cr) | 42.75 | 77.90 | 63.63 | 54.90 |
| Profit After Tax (Cr) | 5.12 | 7.21 | 4.07 | 1.01 |
| EBITDA (Cr) | 11.65 | 20.52 | 17.98 | 16.38 |
| Net Worth (Cr) | 53.22 | 48.93 | 43.93 | 34.15 |
| Reserves & Surplus (Cr) | 40.36 | 35.24 | 29.02 | 18.20 |
| Total Borrowing (Cr) | 31.64 | 33.58 | 31.39 | 42.95 |
Hannah Joseph Hospital Peer Details
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio |
| Hannah Joseph Hospital Ltd. | 4.32 | 4.32 | 26.30 | – | 14.74 | – |
| Asarfi Hospital Ltd | 5.58 | 5.58 | 41.39 | 32.26 | 13.48 | 4.39 |
| Maitreya Medicare Limited | 2.80 | 2.80 | 39.49 | 74.29 | 7.10 | 5.33 |
Strengths and Opportunities of Hannah Joseph Hospital Limited
- Recognised as a premier neurology and neurosurgery centre in Madurai and South Tamil Nadu, managing complex medical procedures.
- NABH-accredited and NABL-certified, equipped with advanced facilities across a 150-bed capacity.
- Promoters bring over 20 years of medical experience, ensuring high-quality specialised care.
- Shows strong financial performance with healthy assets and net worth.
- Trades at a reasonable P/E of around 16.20x, lower than peers such as Asarfi Hospital (32.26x).
- Holds strong local recognition and has received national awards for excellence in neuroscience and trauma care.
Risks and Threats of Hannah Joseph Hospital Limited
- Delays in procuring equipment, obtaining approvals, or commissioning the new radiation oncology centre could affect project timelines and costs.
- The hospital’s growth relies on obtaining and maintaining necessary licenses, particularly for the new oncology facility.
- Significant investment is required for advanced medical equipment, posing financial challenges.
- Currently, the hospital operates mainly in a regional market, limiting its national presence.
- Success depends on attracting and retaining skilled doctors and medical staff.
- As a first-time public offering, there is uncertainty regarding trading activity and the post-listing share price.
