- Price Band fixed at ₹154 to ₹162 per equity share of face value of ₹2 each
- Bid /Offer will close on Friday, December 12, 2025
- The Anchor Investor Bidding Date shall be Tuesday, December 9, 2025
- Bids can be made for a minimum of 92 Equity Shares and in multiples of 92 Equity Shares thereafter
NE BUSINESS BUREAU
AHMEDABAD, DEC 8
Park Medi World Limited, which operates the hospital chain under the Park brand, on Monday announced it shall open its Bid / Offer in relation to its initial public offer of Equity Shares on Wednesday, December 10, 2025.
The total offer size of Equity Shares aggregating up to ₹920 crore comprises fresh issue aggregating up to ₹770 crore and Offer for Sale aggregating up to ₹150 crore by Dr. Ajit Gupta.
The Anchor Investor Bidding Date shall be Tuesday, December 9, 2025. The Bid/Offer will open on Wednesday, December 10, 2025, for subscription and will close on Friday, December 12, 2025.
The Price Band of the Offer has been fixed at₹ 154 to ₹162 per Equity Share. Bids can be made for a minimum of 92 Equity Shares and in multiples of 92 Equity Shares thereafter.
The company plans to use the proceeds worth ₹380 crore for payment of debt and ₹60.5 crore will be allocated for funding capital expenditure related to the development of a new hospital and the expansion of an existing hospital by its subsidiaries, Park Medicity (NCR) and Blue Heavens, respectively.
A further ₹27.45 crore is earmarked for the purchase of medical equipment by the company and its subsidiaries, Blue Heavens and Ratangiri. The remaining funds will be used for unidentified inorganic acquisitions and general corporate purposes.
According to the red herring prospectus (RHP), the company has reserved not more than 50 per cent of the issue for qualified institutional buyers (QIBs), not less than 35 per cent for retail investors and not less than 15 per cent for non-institutional investors (NIIs).
Park Medi World is the second largest private hospital chain in North India with an aggregate bed capacity of 3,000 beds, and the largest private hospital chain in terms of bed capacity in Haryana with 1,600 beds located in the state as of March 2025, according to a Crisil report. Its network of hospitals comprises 13 multi-super specialty hospitals with eight hospitals in Haryana, one hospital in New Delhi, three hospitals in Punjab and two hospitals in Rajasthan.
The company has expanded its total bed capacity from 2,550 beds as of March 31, 2023, to 3,250 beds as of September 30, 2025. It is further strengthening its network through a robust expansion pipeline across Ambala, Panchkula, Rohtak, New Delhi, Gorakhpur and Kanpur, according to the Red Herring Prospectus (RHP).In Ambala, the company has acquired land adjacent to its existing hospital and is undertaking an expansion that will increase capacity from 250 beds to 450 beds, along with the addition of an onco-radiation facility. This project is expected to be completed by October 2027.
In Panchkula, construction is underway for a new 300-bed multi super-specialty hospital, scheduled to become operational by April 2026. Meanwhile, in Rohtak, the company is developing a 250-bed hospital, which is expected to be ready for operations by December 2026.The company said that half of the issue size has been reserved for qualified institutional buyers, 35 per cent for retail investors and the 15 per cent for non-institutional investors.
The Equity Shares are proposed to be listed on the BSE Limited and the National Stock Exchange of India Limited.
Nuvama Wealth Management Limited, CLSA India Private Limited, DAM Capital Advisors Limited and Intensive Fiscal Services Private Limited are the Book Running Lead Managers or BRLMs to the Offer.
