ABH Healthcare and Madhur Knit are set to debut on the NSE SME platform today, September 1, 2026. According to reports from The Economic Times, both IPOs raised funds for debt repayment, working capital and corporate needs. The grey market trends suggest subdued investor enthusiasm, with Madhur Knit showing a modest ₹2 GMP, implying a 2% premium, while ABH Healthcare's zero GMP indicates a potentially flat listing. As reported by The Economic Times, grey market premiums across this week's IPO basket point to a sharp divide in investor expectations, with Hy-Tech Engineers commanding the richest premium at roughly 85%, while Kwick Forensic Solutions traded near a 71% premium and Lumino Industries near 68%. Madhur Knit Crafts showed a bare 2% premium, signalling tepid demand for that debut.
ABH Healthcare made its market debut today on NSE SME, trading at ₹94.05, representing a 7.79% discount to the issue price of ₹102. The stock was listed at ₹99, a 2.94% discount to the initial public offer price, and is currently frozen at its lower limit of 5% over its listing price. The counter hit a high of ₹99 and a low of ₹94.05, with about 2.11 lakh shares changing hands at the counter. The IPO was subscribed 1.41 times and comprised 34.29 lakh equity shares at an issue price band of ₹96 to ₹102 per share. Fedex Securities Pvt. Ltd. acted as the book-running lead manager for the ABH Healthcare IPO, while Bigshare Services Pvt. Ltd. was appointed as the registrar. The allotment status was finalized on August 28, 2026, with the shares set to debut today on NSE SME.
Madhur Knit Crafts made its market debut today on NSE SME, trading at ₹95, representing a 5% discount to the issue price of ₹100. The stock was listed at ₹100, matching the initial public offer price, and is currently frozen at its lower limit of 5% over its listing price. The counter hit a high of ₹100 and a low of ₹95, with about 7.51 lakh shares changing hands at the counter. The IPO was subscribed 1.47 times and comprised 53.27 lakh equity shares at an issue price band of ₹95 to ₹100 per share. SKI Capital Services Ltd. acted as the book-running lead manager, while Skyline Financial Services Pvt. Ltd. served as the registrar to the issue. The company also raised ₹3.02 crore from anchor investors on August 21, 2026, allotting 3.02 lakh shares at ₹100 per share to 2 anchor investors. The allotment was finalized on August 28, 2026, with the IPO opening for bidding on August 24, 2026 and closing on August 27, 2026.
ABH Healthcare operates the 150-bed Anil Baghi Hospital in Ferozepur, Punjab, offering tertiary healthcare services across 25 specialties, including cardiac sciences, neurology, gastroenterology, orthopaedics, nephrology and critical care. Established in 1985 and acquired by the company in 2022, the hospital has expanded from 30 beds to 150 beds and is empanelled with more than 30 private and public insurers and third-party administrators, besides major government healthcare schemes. The hospital received NABH accreditation in 2021 and NABH Digital Standards accreditation in FY25, and uses digital systems such as patient portals, CPOE and EHR to improve patient experience and operational efficiency. As of 30 June 2026, the company had a team of over 309 staff (including professionals), including 37 doctors, 101 nurses and 171 other personnel. The company recorded revenue from operations of ₹52.51 crore and net profit of ₹5.64 crore for the period ended 31 March 2026.
Madhur Knit Crafts, incorporated in 1997 and converted into a public limited company in January 2025, is a textile manufacturer founded by Arun Gupta and his brothers. The company commenced commercial operations in 2013 with blanket manufacturing and has since diversified into fabrics, garments and technical textiles. Its operations are primarily focused on consumer textile products, while technical textiles such as paint roller fabrics contribute minimally to revenue. As of 28 February 2026, the company had 177 employees, including directors and KMPs. The company recorded revenue from operations of ₹194.69 crore and net profit of ₹12.35 crore for the period ended 28 February 2026. The company plans to utilise the ₹53.27 crore raised through the IPO for capital expenditure, working capital requirements, debt repayment and general corporate purposes. Of the total proceeds, ₹3.68 crore has been earmarked for capital expenditure, including the purchase of solar panels, while ₹15.92 crore will be used to meet the company's working capital requirements. A significant portion of ₹20.85 crore has been allocated towards the prepayment or repayment of certain outstanding borrowings, with the remaining funds deployed towards general corporate purposes and issue expenses.
