Park Medi World IPO

The company operates a network of private hospitals in North India with a total bed capacity of 3,000 beds as of September 30, 2024. It is reported to be the largest private hospital chain in Haryana by bed capacity, with 1,600 beds located throughout the state. The network consists of 13 hospitals under the “Park” brand, all of which are National Accreditation Board for Hospitals & Healthcare Providers (NABH) accredited, and seven are also National Accreditation Board for Testing and Calibration Laboratories (NABL) accredited. These hospitals are located in Haryana, New Delhi, Punjab, and Rajasthan. The company offers more than 30 medical specialities and super-specialities, including internal medicine, neurology, urology, gastroenterology, general surgery, orthopaedics, and oncology. As of September 30, 2024, the workforce included 891 doctors and 1,912 nurses. The hospital network was initially developed through new establishments beginning in 2005 and has subsequently expanded through acquisitions in multiple locations. Use of proceeds: The IPO consists of both a fresh issue of shares and an offer for sale (OFS).​ Proceeds from the OFS will go to the respective selling shareholders, whereas the net proceeds from the fresh issue will be utilised for the following purposes:​ Repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the company and certain of the subsidiaries — Rs 410 crore Funding capital expenditure for the development of a new hospital and expansion of the existing hospital by certain subsidiaries, Park Medicity (NCR) and Blue Heavens, respectively — Rs 110 crore Funding capital expenditure for the purchase of medical equipment by the company and certain subsidiaries, Blue Heavens and Ratangiri — Rs 77.19 crore Unidentified inorganic acquisitions and general corporate purposes ;