Thu Dec 11 03:10:00 UTC 2025: News Article:

Park Medi World IPO Subscribed 0.76 Times on Day 2, Analyst Optimism Remains

New Delhi – The initial public offering (IPO) of Park Medi World, a leading hospital chain in North India operating under the ‘Park’ brand, saw muted subscription on its second day, reaching 0.76 times overall by 12:05 pm today. The IPO, aiming to raise ₹920 crore, opened on December 10 and closes on December 12.

The IPO includes a fresh issue of shares worth ₹770 crore and an offer for sale (OFS) of ₹150 crore. The price band is set between ₹154 and ₹162 per share.

So far, the retail investor category has been subscribed 0.93 times, the Non-Institutional Investor (NII) segment once, and the Qualified Institutional Buyer (QIB) portion 0.28 times. The company has received bids for 3.02 crore shares against the 3.97 crore shares on offer. Allotment is scheduled for December 15, with a market debut on the NSE and BSE expected on December 17.

Park Medi World plans to use the funds raised to repay borrowings (₹380 crore), establish a new hospital and expand existing facilities (₹60.50 crore), and purchase medical equipment (₹27.46 crore). The remainder will be allocated for general corporate purposes and potential acquisitions.

Ahead of the IPO, the company secured ₹276 crore from anchor investors.

While the grey market premium (GMP) has dipped to ₹14, suggesting a potential listing price of ₹176, brokerage firms like Master Capital Services and Anand Rathi remain optimistic.

Master Capital Services highlights the projected growth of the Indian healthcare sector, estimating it to expand from ₹6.9-7.0 trillion in FY2025 to ₹9.4-9.8 trillion by FY2028. They believe Park Medi World is well-positioned to capitalize on this growth due to its network of multi-super specialty hospitals and patient-focused model. Anand Rathi has assigned a “Subscribe – Long Term” rating, citing the company’s strong position to meet growing demand for affordable healthcare and its expansion strategy.

Park Medi World is the second-largest private hospital operator in North India, with 3,000 beds and is expanding its capacity across multiple locations. The company reported a profit of ₹213 crore in FY25 and revenue of ₹1,426 crore.

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