Paras Healthcare IPO: Company Raises ₹652.5 Crore From Anchor Investors Ahead Of ₹1,450 Crore Public Issue
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Paras Healthcare raised ₹652.5 crore from anchor investors ahead of its ₹1,450 crore IPO, which opens on 21 October 2026. The issue includes a ₹500 crore fresh issue and a ₹950 crore offer for sale.
Paras Healthcare raised ₹652.5 crore through its anchor book on 19 October 2026 ahead of its initial public offering (IPO). The Gurugram-based hospital chain allotted 94.15 lakh equity shares to 21 institutional investors.
The offer will open for public subscription on 21 October and close on 23 October. The Paras Healthcare price band has been fixed at ₹660–₹693 per share.
What Is The Structure Of The Paras Healthcare IPO?
The ₹1,450 crore Paras Healthcare IPO comprises a fresh issue of ₹500 crore and an offer for sale (OFS) worth ₹950 crore. Promoter Dharminder Kumar Nagar will sell shares worth ₹300 crore, while Commelina, an affiliate of private equity firm Creador, will sell shares worth ₹650 crore.
Of the anchor allocation, 55.55 lakh shares worth ₹385 crore went to nine domestic mutual funds through 24 schemes. The anchor book also included global investors such as the Abu Dhabi Investment Authority, BlackRock Global Funds and Government Pension Fund Global.
How Will The Company Use The IPO Proceeds?
Paras Healthcare plans to use ₹375 crore from the IPO's fresh-issue component to repay part of its debt. The remaining proceeds will be allocated towards general corporate purposes.
The company operates eight hospitals under the Paras brand, with a total capacity of 2,211 beds across North India, Bihar and Jharkhand.
What Are Paras Healthcare’s Expansion Plans?
The hospital chain plans to add a 300-bed hospital in Gurugram and a 500-bed facility in Ludhiana. These hospitals are expected to become operational in the current and next financial years, respectively.
According to the company’s red herring prospectus, Paras Healthcare expects to increase its total bed capacity to 3,011 by March 2028.
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Neha Dubey has spent 6+ years turning market chaos into something readable. At Kotak Neo, she works on IPOs and writes for the Market Ready newsletter — making sense of the markets so you don't have to.
Off the clock, she's chasing good stories, new cuisines, and the occasional impromptu singalong. A believer in small pleasures, with excellent taste for a well-timed splurge.
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