Park Medi World Ltd.'s initial public offer was undersubscribed on its first day on Wednesday. The 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.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
The price band for the IPO has been set at Rs 154 to Rs 162 per share.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
Park Medi World is the second-largest private hospital chain in North India by bed capacity, according to its website. It runs 13 multi-super speciality hospitals in North India under the “Park” brand, with a total of 3,000 beds.
Park Hospitals are located in Ambala, Gurugram, Karnal, Panipat, Palam Vihar, Sonipat, Faridabad (Haryana), Delhi, Patiala and Mohali (Punjab), and Jaipur and Behror (Rajasthan).
The company will utilise Rs 380 crore from the fresh issue for repayment of debt, and the rest for capital expenditure for development of new hospital and expansion of existing hospital.
The share allotment status is expected to be finalised on Dec. 15. The Park Medi World stock will list on the BSE and NSE on Dec. 17.
Park Medi World Subscription Details
The Park Medi World IPO was subscribed 52% as of 5:00 p.m. on Wednesday.
Qualified Institutional Buyers (QIBs): 27%
Non-Institutional Investors (NIIS): 66%
Retail Individual Investors: 61%
Park Medi World IPO GMP
Park Medi World Ltd.'s latest grey market premium is Rs 26, according to Investorsgain website. The GMP indicates a listing price of Rs 188 apiece, which means upon listing, Nephrocare may offer 16% additional gains to investors.
Note: GMP does not represent official data and is based on speculation.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
