Hannah Joseph Hospital Limited, a multi-speciality tertiary care provider in Madurai, has secured nearly ₹12 crore from anchor investors ahead of the launch of its SME initial public offering, which opens for public subscription today, January 22, 2026.
The company, in a regulatory filing with the BSE, disclosed that it has allotted 17.06 lakh equity shares to seven institutional investors at an issue price of ₹70 per share, aggregating to approximately ₹11.94 crore ahead of the public offering. The anchor investors include Venturex Fund I, Saint Capital Fund, Aarth AIF Growth Fund and Negen Undiscovered Value Fund, among others.
The ₹42-crore IPO, entirely a fresh issue of 60 lakh equity shares priced in the ₹67–70 band, will remain open until January 27, 2026, with a tentative listing on the BSE SME platform scheduled for January 30.
Proceeds from the issue are earmarked for capital expenditure to establish a radiation oncology centre and for general corporate purposes. The hospital plans to use the funds to expand clinical services and strengthen its specialist care capabilities.
Retail investors seeking participation in the IPO must apply for a minimum lot size of 3,000 shares, with the issue aiming to support the hospital’s expansion and enhanced healthcare offerings in its regional market.
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