Park Hospital to launch Rs 920-crore IPO on December 10, sets price band at Rs 154-162 per share

Park Hospital IPO News

Park Medi World, which operates hospital chain under the brand Park Hospital in North India, will launch its Rs 920-crore initial share sale for public subscription on December 10, valuing at nearly Rs 7,000 crore. The offer will remain open till December 12.

The company has fixed price band for the IPO at Rs 154-162 per share. Investors can bid for a minimum 92 equity shares and in multiples of 92 shares thereafter.

The one-day IPO anchor book will be launched on December 9. The company will finalise the IPO share allotment by December 15, and make its market debut on the bourses on December 17.

Park Medi World is raising Rs 770 crore by issuing new shares, while promoter Dr Ajit Gupta will offload Rs 150 crore worth shares via offer-for-sale.

It has reduced IPO size from Rs 1,260 crore planned earlier as per the DRHP, which was comprised of fresh issue of Rs 960 crore worth shares, and an offer-for-sale of Rs 300 crore.

Promoters hold 95.55 percent stake in the Park Hospital chain operator, and the remaining 4.55 percent shares are owned by public shareholders including 3.6 percent bought by Abakkus Asset Manager, Carnelian, SBI General Insurance Company, Sattva Developers, and Urudavan Investment in the company in October-November this year.

The company that claims the second largest private hospital chain in North India with total 3,000 beds capacity will spend Rs 380 crore of fresh issue proceeds for repayment of borrowings. As of October 2025, it had total borrowings of Rs 624.3 crore on a consolidated basis.

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Further, Rs 60.5 crore will be utilised for development of new hospital by subsidiary Park Medicity (NCR), Rs 27.4 crore for purchase of medical equipment by the company and subsidiaries, Blue Heavens and Ratangiri, and the remainder amount for general corporate purposes.

Park Medi World operate a network of 14 NABH accredited multi-super specialty hospitals under the Park brand, of which eight hospitals in Haryana, one hospital in New Delhi, three in Punjab and two hospitals in Rajasthan.

The company that offers over 30 super specialty and specialty services (including internal medicine, neurology, urology, gastroentereology, general surgery, orthopedics and oncology) has recorded profit of Rs 139.1 crore for six months period ended September 2025, growing 23.3 percent compared to Rs 112.9 crore in same period previous fiscal. Revenue during the same period increased by 17 percent to Rs 808.7 crore, up from Rs 691.5 crore.

The merchant bankers managing the Park Hospital IPO are Nuvama Wealth Management, CLSA India, DAM Capital Advisors, and Intensive Fiscal Services.