Madurai, January 20, 2026 – Hannah Joseph Hospital Limited, a Madurai-based multi-specialty healthcare provider, has filed its draft offer documents for an initial public offering, proposing a fresh issue of equity shares to fund a major capacity expansion and support general corporate needs.
IPO Structure and Fund Utilisation
The proposed public issue consists entirely of a fresh issuance of up to 60 lakh equity shares with a face value of ₹10 each. The company has not included any offer-for-sale component, indicating that all proceeds from the issue will flow directly into the business.A significant portion of the net proceeds is earmarked for capital expenditure related to the establishment of a Radiation Oncology Centre at its Madurai facility. The estimated outlay for this project stands at ₹3,530.27 lakh, with the balance to be used for general corporate purposes within defined limits.
Proposed Use of Proceeds
| Particulars | Estimated Amount (₹ lakh) |
|---|---|
| Radiation Oncology Centre capex | 3,530.27 |
| General corporate purposes | Balance amount |
| Total | To be finalised |
Business Overview
Founded in 2008, Hannah Joseph Hospital began operations as a neurosurgery-focused healthcare facility and has since expanded into a broader range of neurology and allied medical services. The hospital is promoted by Dr. Mosesjoseph Arunkumar, a neurosurgeon, and Dr. Fenn Kavitha Fenn Arunkumar, a consultant psychiatrist, both of whom continue to be actively involved in clinical and operational management.The company was converted into a public limited entity in 2022, aligning its corporate structure with long-term growth and capital-raising plans.
Financial Performance Snapshot
Based on restated financials, the hospital has reported steady improvement in profitability over recent years, supported by higher patient volumes and service diversification.Key Financials
| Particulars (₹ lakh) | H1 FY25* | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Revenue from operations | 4,053.56 | 6,340.78 | 5,462.32 | 5,809.68 |
| Profit after tax | 409.30 | 406.64 | 101.05 | 33.84 |
| Net worth | 4,741.34 | 4,392.80 | 3,414.52 | 2,465.52 |
| Total borrowings | 2,834.83 | 3,138.74 | 4,295.46 | 4,714.32 |
The company’s borrowings have trended lower over the years, while net worth has strengthened, reflecting internal accruals and improved earnings.
Promoter Holding
Prior to the issue, the promoters collectively hold over 93 percent of the company’s equity. Post-issue, their shareholding will dilute in line with the size and pricing of the offering, while the company gains a broader public shareholder base.About the Company
Hannah Joseph Hospital Limited is a Tamil Nadu-based healthcare provider specialising in neurosurgery, neurology, and related medical services. The company operates from Madurai and caters primarily to patients across southern districts of the state, with a focus on tertiary care and specialised treatments.Source:
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