Thu Dec 11 03:10:00 UTC 2025: Here’s a news article summarizing the Park Medi World IPO:

Park Medi World IPO Sees Muted Response on Day 2, Subscribed 0.63 Times

New Delhi – The initial public offering (IPO) of Park Medi World, the operator of the Park Hospital chain in North India, is facing a tepid response as it enters its second day of subscription. As of 10:10 am today, the IPO has been subscribed just 0.63 times, with the retail category at 0.75x, NII at 0.82x, and QIB at 0.28x. The company aims to raise ₹920 crore through the IPO, which opened on December 10 and closes on December 12.

The offering comprises a fresh issue of 4.75 crore shares worth ₹770 crore and an offer for sale (OFS) of 0.93 crore shares totaling ₹150 crore. The price band is set at ₹154 to ₹162 per share.

Park Medi World plans to utilize ₹380 crore from the fresh issue to reduce its and its subsidiaries’ debt. Another ₹60.50 crore will be allocated to establish a new hospital and expand existing facilities, while ₹27.46 crore will be used for medical equipment purchases. The remainder is slated for general corporate purposes and potential future acquisitions.

Prior to the IPO, Park Medi World secured ₹276 crore from anchor investors on December 9. The IPO reserves 50% of the issue for qualified institutional buyers, at least 35% for retail investors, and no less than 15% for non-institutional investors.

Investor sentiment appears to have cooled slightly, with the grey market premium (GMP) dropping to ₹14 from ₹20, suggesting a potential listing price of ₹176, an 8.64% premium over the IPO price.

Despite the slow start, brokerage firms remain optimistic about Park Medi World’s long-term prospects. Master Capital Services highlighted the company’s strong position to benefit from the projected growth in the healthcare sector, driven by rising lifestyle diseases, an aging population, and government schemes. Anand Rathi assigned a “Subscribe – Long Term” rating, noting the company’s ability to attract experienced doctors and utilize advanced technology.

Park Medi World, valued at 32.8x FY25 P/E at the upper end of the price band, is the second-largest private hospital operator in North India, with a capacity of 3,000 beds. Allotment of shares is scheduled for December 15, with listing on the NSE and BSE expected on December 17.

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