Park Medi World IPO Opens On Wednesday — Check Subscription, GMP, Other Details

Park Medi World Ltd.'s initial public offer opened for subscription on Wednesday.

The Park Medi World IPO is a book-building issue worth Rs 920 crore. It comprises a fresh issue of 4.75 crore shares, valued at Rs 770 crore, and an OFS portion of 93 lakh shares, amounting to Rs 150 crore.

Retail investors can participate in the IPO subscription by bidding for at least a single lot size of 92 shares, amounting to a minimum investment of Rs 14,904. 

The price band for the IPO has been set at Rs 154 to Rs 162 per share.

Park Medi World is the second-largest private hospital chain in North India by bed capacity, according to its website.

The Park Medi World IPO was subscribed 0.10 times as of 11:06 a.m. on Wednesday.

• Qualified Institutional Buyers (QIBs): Nil

• Non-Institutional Investors (NIIS): 0.13 times

• Retail Individual Investors: 0.14 times

Park Medi World Ltd.'s grey market premium is at Rs 20.5 on Wednesday, according to Investorsgain website. The GMP indicates a listing price of Rs 182.5 apiece, which means upon listing, Nephrocare may offer 12.65% additional gains to investors.

Note: GMP does not represent official data and is based on speculation.