Paras Healthcare is coming out with an initial public offering (IPO) to raise around Rs 1,450 crore. The issue will open on October 21, 2026 and will close on October 23, 2026. It has fixed a price band of Rs 660-693 per share.
The proposed IPO comprises a fresh issue of equity shares worth Rs 500 crore and an Offer for Sale (OFS) of shares worth Rs 950 crore by the selling shareholders. The company proposes to utilise the proceeds from the fresh issue to repay debt. JM Financial, BofA Securities India, and Nuvama Wealth Management are the book-running lead managers for the issue.
Paras Healthcare operates a network of eight hospitals under the Paras Health brand, with a presence across five states and one Union Territory.