Particle.news
Download on the App Store

Park Medi World Opens Rs 920-Crore IPO After Rs 276 Crore Anchor Allotment

The hospital chain secured Rs 276 crore from 23 anchor investors on the eve of its Dec. 10–12 share sale.

Overview

  • The offer is priced at Rs 154–162 per share and comprises a Rs 770 crore fresh issue and a Rs 150 crore offer-for-sale by promoter Ajit Gupta, valuing the company at roughly Rs 7,000 crore at the top end.
  • Key timelines include subscription from Dec. 10–12, allotment expected on Dec. 15, demat credits and refunds on Dec. 16, and a tentative listing on the BSE and NSE on Dec. 17.
  • Proceeds are earmarked for Rs 380 crore in debt repayment, Rs 60.5 crore for new and expanded hospitals, Rs 27.45 crore for medical equipment, with the balance for acquisitions and general corporate purposes.
  • Park Medi World operates 13 multi‑super‑speciality hospitals with about 3,250 beds across Haryana, Delhi, Punjab and Rajasthan, with further expansion planned in Ambala, Panchkula, Rohtak, New Delhi, Gorakhpur and Kanpur.
  • Grey market trackers reported a premium of about Rs 29 on Dec. 9, implying an estimated near-18% listing upside versus the upper price band, though such GMP figures are unofficial and speculative.