Paras Healthcare’s ₹1,450 crore initial public offering (IPO) entered its second day of public subscription today, October 22, 2026, with a price band of ₹660 to ₹693 per share. As of 10:27 AM on the second day of bidding, the issue had been subscribed 0.19 times.

The IPO will remain open for subscription until October 23, 2026. The allotment is expected to be finalised on October 26, 2026, while the shares are scheduled to list 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 2 Subscription Status

[October 22, 2026, 10:00 A.M.]

Category	Subscription (x)
Qualified Institutional Buyers (QIBs)	0.00x
Non-Institutional Investors (NIIs)	0.10x
Retail Individual Investors (RIIs)	0.88x
Total	0.19x

Utilisation of IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

Prepayment or scheduled repayment, 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 eight hospitals under the Paras Health brand, with a combined capacity of 2,211 beds across North India, Bihar and Jharkhand. As of June 30, 2026, its network covered five states and one union territory.

The company plans to add 300 beds in Gurugram by FY2027 and 500 beds in Ludhiana by FY2028, increasing its total capacity to 3,011 beds by March 2028. Its key specialties include cardiac sciences, oncology, neurosciences, gastro sciences, orthopaedics and renal sciences, which contributed 74.70% of its FY2026 revenue. As of June 30, 2026, it had 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)