ABH Healthcare to raise ₹35 crore via IPO on NSE Emerge
The issue, priced in a band of ₹96 to ₹102 per equity share, opens for subscription on Monday
ABH Healthcare, a multi-specialty healthcare provider, plans to raise ₹35 crore through an initial public offering (IPO) on NSE Emerge. The issue, which opened for subscription on Monday, comprises a fresh issue of 34,29,600 equity shares through a book-building process. The application lot size is 1,200 equity shares, with a market maker reservation of 1,72,800 equity shares.
Fedex Securities is appointed as the book-running lead manager, while Bigshare Services will be the registrar to the issue. ABH Healthcare intends to use a portion of the net proceeds for debt repayment, working capital requirements, and funding inorganic growth through unidentified acquisitions and general corporate purposes. The company, incorporated in 2021, aims to strengthen clinical capabilities, enhance patient care, and expand its presence in the healthcare services market as it enters the next phase of its growth journey.
Brief written by urgent.news from Hindu BusinessLine's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
