Paras Healthcare IPO Day 1: Subscription Status, Timeline & Key Issue Details
Paras Healthcare's ₹1,450 crore initial public offering (IPO) opened for public subscription today, October 21, 2026, with a price band of ₹660 to ₹693 per share. As of 10:21 A.M. on the first day of bidding, the issue had been subscribed 0.02 times.
The IPO will close on October 23, 2026. The allotment is expected on October 26, 2026, followed by the listing on the BSE and NSE on October 28, 2026.
Paras Healthcare IPO - Issue Details
- Issue Type: Book Built Issue (Fresh Issue + OFS)
- Total Issue Size: Up to ₹1,450.00 crore
- Fresh Issue: Up to ₹500.00 crore
- Offer for Sale (OFS): Up to ₹950.00 crore
- Face Value: ₹1 per equity share
- Price Band: ₹660 to ₹693 per share
- Lot Size: 21 shares
- Minimum Investment Amount (Retail Investor): ₹14,553 (21 shares at the upper price)
- Listing: BSE, NSE
- Book Running Lead Managers: JM Financial Limited, BofA Securities India Limited, Nuvama Wealth Management Limited
- Registrar: MUFG Intime India Private Limited
Paras Healthcare IPO Timeline (Tentative)
The expected IPO schedule is as follows:
|
Event |
Date |
|
Subscription Opening Date |
21 October 2026 |
|
Subscription Closing Date |
23 October 2026 |
|
Basis of Allotment Date |
26 October 2026 |
|
Refund Initiation Date |
27 October 2026 |
|
Credit of Shares |
27 October 2026 |
|
Listing on BSE and NSE |
28 October 2026 |
Note: The allotment and listing dates are tentative and may be revised.
Explore other Upcoming IPOs on BSE and NSE.
Paras Healthcare IPO Day 1 Subscription Status
[October 21, 2026, 10:21 A.M.]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
0.00x |
|
Non-Institutional Investors (NIIs) |
0.01x |
|
Retail Individual Investors (RIIs) |
0.11x |
|
Total |
0.02x |
Utilisation of IPO Proceeds
The company intends to utilise the net proceeds from the fresh issue towards:
- Prepayment or scheduled re-payment, in full or part, of certain outstanding borrowings availed by the company
- Investment in its wholly owned Subsidiary, PMHPL (which also operates the company’s hospital in Srinagar), for repayment/prepayment of borrowings, in full or part, of PMHPL
- General corporate purposes
About Paras Healthcare Limited
Founded in 1987, Paras Healthcare Limited operates a network of eight hospitals under the “Paras Health” brand, with a total capacity of 2,211 beds across North India, Bihar and Jharkhand. As of June 30, 2026, its presence extended across five states and one union territory.
The company aims to expand its capacity by adding 300 beds in Gurugram by FY2027 and 500 beds in Ludhiana by FY2028, taking its total bed count to 3,011 by March 2028. Its key specialties include cardiac sciences, oncology, neurosciences, gastro sciences, orthopaedics and renal sciences, which accounted for 74.70% of revenue in FY2026. As of June 30, 2026, the company employed 1,084 doctors and 1,937 nurses.
Key Financial Highlights
|
Particulars |
For the three month period ended June 30, 2026 (in ₹ crore) |
FY26 (in ₹ crore) |
FY25 (in ₹ crore) |
|
Revenue from operations |
470.28 |
1,605.95 |
1,294.06 |
|
EBITDA |
113.48 |
335.58 |
156.46 |
|
Profit After Tax (PAT) |
49.68 |
43.83 |
(57.98) |
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