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Park Medi World IPO Nears Full Subscription on Day 2 as GMP Signals Modest Gain

Grey‑market quotes point to a small listing premium ahead of the Rs 920 crore offer’s Dec. 12 close.

Overview

  • Park Medi World drew bids for 4.11 crore shares against 4.18 crore on offer on Day 2, taking total subscription to 98% with NIIs at 1.38x, retail at 1.19x and QIBs at 0.32x, per exchange data.
  • The book-built issue totals Rs 920 crore at a price band of Rs 154–162, comprising a Rs 770 crore fresh issue and a Rs 150 crore offer for sale.
  • Unofficial grey‑market indications around Rs 12–14 suggest an estimated 7–9% listing premium over the upper band, though such quotes are speculative and not exchange data.
  • The subscription window closes on Dec. 12, with allotment expected Dec. 15, demat credit and refunds on Dec. 16, and a tentative listing on BSE and NSE on Dec. 17.
  • Proceeds are earmarked for debt repayment, hospital expansion and equipment purchases, potential inorganic growth and general purposes, and the operator runs a north India network with roughly 3,000 beds.