Paras Healthcare Ltd, which operates hospitals under the Paras Health brand, has announced its ₹1,450 crore Initial Public Offering (IPO), scheduled to open for public subscription on October 21 and close on October 23, 2026. The company has fixed the price band at ₹660–693 per equity share.
The IPO consists of a fresh issue of shares worth ₹500 crore and an Offer for Sale (OFS) of ₹950 crore by existing shareholders, including promoter Dharminder Kumar Nagar and investor Commelina Ltd. The company has revised the total issue size downward from its earlier proposal of ₹1,800 crore.
IPO Proceeds to Support Debt Repayment
Paras Healthcare plans to use the proceeds from the fresh issue to repay outstanding borrowings. The anchor investor bidding process is scheduled for October 19, ahead of the public subscription period.
Hospital Network Across Six States and UTs
Headquartered in Gurugram, Paras Healthcare operates eight hospitals across five states and one Union Territory. Its facilities are located in Gurugram, Panchkula, Patna, Darbhanga, Kanpur, Udaipur, Ranchi and Srinagar.
Under the IPO allocation structure, 75% of the net offer is reserved for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 10% for Retail Individual Investors.
The company’s shares are expected to be listed on stock exchanges on October 28, 2026.
JM Financial, BofA Securities India and Nuvama Wealth Management are serving as the book-running lead managers, while MUFG Intime India is the registrar to the issue.
