Hannah Joseph Hospital
IPOIssue Details
Issue Size
– Cr
Fresh Issue
– Cr
OFS
– Cr
Price Band
₹67 – ₹70
Lot Size
2000
₹1,40,000
Face Value
₹10
Important Dates
Open Date
22 Jan 2026
Close Date
28 Jan 2026
Allotment
28 Jan 2026
Refund
29 Jan 2026
Listing
01 Feb 2026
About Company
Incorporated in 2011, Hannah Joseph Hospital Limited is a multi-specialty healthcare provider based in Madurai, Tamil Nadu.
The hospital operates on a 2-acre campus with central air-conditioning and water heating systems, offering a combined capacity of 150 beds.
The company focuses on Neurology, Cardiology, Psychiatry, Orthopaedics, Oral and Maxillofacial Surgery, Trauma care and critical care services.
The hospital is positioned as a provider of quality and affordable healthcare services catering to the needs of patients in and around Madurai.
The company emphasizes understanding global nuances, customer culture and medical professionals' needs in delivering patient-centric care.
As of November 30, 2025, the company had 364 employees.
Objects of the Issue
| # | Description | Amount (₹ Cr) |
|---|---|---|
| 1 | Funding of capital expenditure for establishing Radiation Oncology Centre. | ₹34.98 |
| 2 | General corporate purposes. | – |
Financial Performance
Share Reservations
QIB
28,50,000
Anchor
0
NII
8,55,000
Retail
19,95,000
Employee
0
Total
60,00,000
RHP Insights
AI-powered analysis from Red Herring Prospectus
Establishment of Specialized Radiation Oncology Centre
A primary objective of the fresh issue is to fund capital expenditure for a new Radiation Oncology Centre in Madurai, aimed at expanding specialized treatment capabilitiesd.
Impact: HighConsistent Revenue Growth
The company has demonstrated steady financial growth, with revenue from operations increasing from ₹5,462.32 lakhs in FY 2023 to ₹7,753.13 lakhs in FY 2025d.
Impact: HighSignificant Improvement in Profitability
Profit Before Tax (PBT) saw a substantial rise from ₹101.53 lakhs in FY 2023 to ₹1,034.73 lakhs in FY 2025, indicating improved operational efficiencyd.
Impact: HighReliance on Specialized Neurosciences and Trauma
The hospital brands itself as an 'Institute of Neurosciences & Trauma,' making its financial success highly dependent on its reputation and specialized staff in these niche fields.
Impact: HighInpatient vs. Outpatient Revenue Mix
A vast majority of revenue is derived from in-patients (₹5,209.38 lakhs in FY 2025) compared to out-patients (₹526.21 lakhs), showing high dependency on intensive care and surgeries.
Impact: ModerateSWOT Analysis
AI-generated strategic view
Strengths
- •Excellence in Neurosciences with established Neurology and Neurosurgery departments.
- •Advanced Cardiac Sciences with specialized Cardiology services.
- •Expertise in Orthopaedics and Traumatology including trauma care.
- •Robust emergency and critical care capabilities.
- •Commitment to patient-centered care and quality healthcare delivery.
- •Community engagement and outreach initiatives.
Weaknesses
- •Relatively small scale of operations compared to large multi-city hospital chains.
- •Revenue concentration in a single location in Madurai increasing geographic risk.
- •Dependence on a limited catchment area for patient inflow.
- •Exposure to regulatory changes and pricing controls in the healthcare sector.
Opportunities
- •Rising demand for quality and affordable healthcare services in Tier-II cities like Madurai.
- •Scope for expanding speciality services such as oncology and advanced diagnostics.
- •Potential to increase bed utilization and operational efficiency.
- •Opportunity to leverage strong brand presence locally for further expansion.
Threats
- •Competition from other regional and national hospital chains.
- •Regulatory risks including price caps and compliance requirements in healthcare.
- •Dependence on key medical professionals and specialists.
- •Macroeconomic or pandemic-related disruptions impacting hospital operations.
Hannah Joseph Hospital IPO Peer Comparison
The table below shows peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Hannah Joseph Hospital Limited | 4.32 | 4.32 | 26.3 | 14.74 | 14.74 | Consolidated |
| Asarfi Hospital Ltd | 5.58 | 5.58 | 41.39 | 32.26 | 13.48 | Consolidated |
| Maitreya Medicare Limited | 2.8 | 2.8 | 39.49 | 74.29 | 7.1 | Consolidated |
Hannah Joseph Hospital - Documents & Links
Registrar
Company contact
Hannah Joseph Hospital Ltd.
Address: 134, Lake View Road, K.K. Nagar, Madurai, Tamil Nadu, 625020
cs@hannahjosephhospital.comhttps://hannahjosephhospital.com/Lead managers
Frequently Asked Questions
Common questions about Hannah Joseph Hospital IPO.