Hannah Joseph Hospital IPO

Hannah Joseph Hospital IPO overview

• Hannah Joseph Hospital Limited, incorporated in 2011, is a multi‑speciality hospital in Madurai providing healthcare services across Neurology, Cardiology, Psychiatry, Trauma care and other disciplines.​
• The hospital operates on a 2‑acre campus with central air‑conditioning, hot water systems, around 150 beds, 30+ amenities and 70+ specialised doctors, offering 24/7 emergency services at affordable prices.​
• As of 2025, the company has 364 employees, covering doctors, nurses, paramedical staff and administrative personnel.​

Key IPO details, dates and lot size

• IPO schedule:
  • Open date: 22 January 2026.
  • Close date: 27 January 2026.
  • Basis of allotment: 28 January 2026.
  • Refunds and Demat credit: 29 January 2026.
  • Listing date: 30 January 2026 (cut‑off 5 PM on closing day).​

• IP Details :-

• Face Value :- Rs 10 per share
• Price band :- Rs67 to Rs 70
• Sale Type :- Fresh Capital
• Total Issue Size :- Rs 42 crore

• Market lot and minimum application:
  • Minimum market lot: 4,000 shares.
  • Retail minimum / maximum: 4,000 shares with an application amount of ₹2,80,000, making it a high‑ticket SME‑type hospital IPO.​
• Investor reservation:
  • Anchor investors: 17,06,000 shares (28.43%).
  • QIB (ex‑anchor): 11,44,000 shares (19.07%).
  • NII: 8,55,000 shares (14.25%).
  • Retail: 19,95,000 shares (33.25%).​
• Anchor details:
  • Anchor bidding date: 21 January 2026.
  • Anchor size: ₹11.94 crore across 17,06,000 shares.
  • Lock‑in: 50% till 27 February 2026 (30 days), balance 50% till 28 April 2026 (90 days).​
• Promoters and shareholding:
  • Promoters: Mosesjoseph Arunkumar, Fenn Kavitha Fenn Arunkumar, Arunkumar Nalina and Noyel Arunkumar.​
  • Promoter holding pre‑issue: 1,66,98,363 shares (93.57%).
  • Promoter holding post‑issue: 2,26,98,363 shares (68.83%), showing continued control with some dilution.​
• Objective of the issue:
  • Capex for establishing a Radiation Oncology Centre – ₹34.98 crore.
  • General corporate purposes – remaining funds.​

Financials and valuation snapshot

Strengths :-

• Multi‑speciality hospital model with departments like Neurology, Cardiology, Psychiatry and Trauma care, providing diversified clinical revenue streams.​
• Established presence in Madurai with a 2‑acre campus, 150 beds, central air‑conditioning, 30+ amenities and 70+ specialist doctors, enabling comprehensive care under one roof.​
• Strong revenue growth from ₹54.90 crore in FY2023 to ₹77.90 crore in FY2025, with PAT rising from ₹1.01 crore to ₹7.21 crore in the same period.​

Risks

• SME‑style IPO with high minimum lot size (4,000 shares, ₹2,80,000), limiting access to investors who can handle a large ticket and SME risk.​
• Single‑location concentration in Madurai, exposing the business to region‑specific economic, competitive or regulatory changes.​
• Healthcare is highly regulated; changes in pricing caps, insurance reimbursement and clinical regulations can affect profitability.​
• Debt‑equity ratio of 0.65 and upcoming capex for Radiation Oncology Centre may increase leverage and project‑execution risk if revenues lag.​
• Hospital operations carry high fixed costs (staff, infrastructure, equipment); occupancy or case mix fluctuations can impact margins.​

How To Apply for the IPO ?

• Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services 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 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 IPO?

Steps to check IPO allotment status on JM Pro app: 

• Log in to the JM Pro 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. 

JM Financial Services will notify you of your IPO allotment status via push notification and email