Multi-speciality healthcare provider ABH Healthcare's Rs 34.98 crore initial public offering will open on Monday for subscription.

The initial public offering (IPO) will remain open till August 27, with a tentative listing date on September 1.

The company's shares are proposed to be listed on the NSE SME platform Emerge, according to a statement.

The public issue is entirely a fresh issue of up to 34.29 lakh equity shares with a price band fixed at Rs 96-102 per share.

ABH Healthcare plans to use Rs 17 crore of the net proceeds towards debt repayment in part or in full, Rs 5 crore to fund its working capital requirements, and the remaining balance will be used for inorganic growth through unidentified acquisitions and general corporate purposes.