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Park Medi World files Rs 1,260 crore IPO papers with SEBI

01 Apr 2025 Evaluate

Park Medi World, which operates the hospital chain under the Park brand, has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise Rs 1,260 crore through an initial public offering (IPO). The IPO is a combination of fresh issue of shares worth Rs 900 and an offer for sale (OFS) of shares valued Rs 300 crore by promoter Ajit Gupta. Furthermore, the company may consider a Pre-IPO Placement of up to Rs 192 crore. If such placement is completed, the amount raised will be reduced from the fresh issue size. 

The company plans to use the proceeds worth Rs 410 crore for payment of debt and Rs 110 crore will be allocated for funding capital expenditure related to the development of a new hospital and the expansion of an existing hospital by its subsidiaries, Park Medicity (NCR) and Blue Heavens, respectively. A further Rs 77.19 crore is earmarked for the purchase of medical equipment by the company and its subsidiaries, Blue Heavens and Ratangiri. The remaining funds will be used for unidentified inorganic acquisitions and general corporate purposes. Nuvama Wealth Management, CLSA India, DAM Capital Advisors and Intensive Fiscal Services are the book-running lead managers to the public issue. 

Park Medi World is the second largest private hospital chain in North India with an aggregate bed capacity of 3,000 beds, and the largest private hospital chain in terms of bed capacity in Haryana with 1,600 beds located in the state as of September 30, 2024.


Park Medi World Share Price

208.80 0.25 (0.12%)
15-Apr-2026 16:59 View Price Chart
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