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Paras Healthcare Limited IPO
Clinical Specialty Hospital · Cardiac, Oncology, Neurosciences (CONGOR) · Gurugram, Haryana
📋 Mainline IPO
Fresh + OFS
BSE, NSE
₹693
Upper Price
₹1,450.00 Cr
Issue Size
Oct 28, 2026
Listing Date
₹7,498.34 Cr
Market Cap
📅 IPO Timetable
All dates tentative🟢
IPO Opens
Wednesday, 21 October 2026
Bidding starts — apply before close
🔒
IPO Closes
Friday, 23 October 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Monday, 26 October 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Tuesday, 27 October 2026
Unallotted funds unblocked; shares credited to demat
🏷️
Wednesday, 28 October 2026
Trading begins on BSE & NSE from 10:00 AM IST
📋 IPO Details
IPO Open Date21 October 2026 (Wed)
IPO Close Date23 October 2026 (Fri)
Listing Date28 October 2026 (Wed)
Face Value₹1 per share
Price Band₹660 to ₹693
Issue Price (Upper Band)₹693 per share
Issue TypeBook Build — Fresh + OFS
Lot Size21 shares (Min App: 1 Lot / 21 Shares)
Total Issue Size2,09,23,520 shares (₹1,450.00 Cr)
Fresh Issue72,15,007 shares (₹500.00 Cr)
Offer for Sale (OFS)1,37,08,513 shares (₹950.00 Cr)
Employee DiscountN/A
Pre-Issue Shares10,09,86,187
Post-Issue Shares10,82,01,194
Promoter Holding (Pre → Post)72.80%
Market Cap (At Upper Band)₹7,498.34 Cr
Listing ExchangeBSE, NSE
Lead ManagersJM Financial, BOFA Securities, Nuvama Wealth
RegistrarMUFG Intime India Pvt.Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹693| Investor Type | Lots | Shares | Amount |
|---|---|---|---|
| Retail — Minimum | 1 | 21 | ₹14,553 |
| Retail — Maximum | 13 | 273 | ₹1,89,189 |
| S-HNI (sNII) — Min | 14 | 294 | ₹2,03,742 |
| S-HNI (sNII) — Max | 68 | 1,428 | ₹9,89,604 |
| B-HNI (bNII) — Min | 69 | 1,449 | ₹10,04,157 |
⚠️ Note: Investors can bid for a minimum of 21 shares and in multiples thereof.
👥 Investor Reservation
Allocated portion of Net OfferMax 75%
QIB Portion
Min 10%
Retail Portion
Min 15%
NII Portion
📊 Subscription Status
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📈 Company Financials
Restated Consolidated · ₹ Crore| Metric | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Total Assets | 2,202.88 | 2,071.14 | 1,810.45 | 1,477.66 |
| Total Income | 478.75 | 1,628.78 | 1,314.21 | 1,151.02 |
| PAT | 49.68 | 43.83 | -57.98 | -15.33 |
| EBITDA | 113.48 | 335.58 | 156.46 | 154.41 |
| Net Worth | 444.96 | 394.94 | 280.49 | 338.51 |
| Reserves & Surplus | 434.86 | 384.84 | 270.73 | 328.75 |
| Total Borrowing | 1,429.49 | 1,393.86 | 1,232.12 | 923.92 |
Income Growth
FY 2023–24₹1,151.02 Cr
FY 2024–25₹1,314.21 Cr
FY 2025–26₹1,628.78 Cr
🎯 Key Performance Indicators
12.98%
ROE (Mar 26)
11.83% (Jun 26)
3.53
Debt/Equity (Mar 26)
3.21 (Jun 26)
10.76%
ROCE (Mar 26)
4.23% (Jun 26)
2.69%
PAT Margin (Mar 26)
10.38% (Jun 26)
20.60%
EBITDA Margin (Mar 26)
23.70% (Jun 26)
12.98%
RoNW (Mar 26)
11.83% (Jun 26)
17.72x
Price/Book (Mar 26)
15.73x (Jun 26)
₹39.11
NAV (Mar 26)
₹44.06 (Jun 26)
⚖️ Valuation & EPS
Pre-IPO EPS
₹4.34
FY26 earnings + pre-issue shares
P/E: 159.68xPost-IPO EPS
₹18.37
Annualised earnings basis
P/E: 37.72xPrice to Book Value
15.73x
At upper price band ₹693
Market Cap
₹7,498.34 Cr
At upper offer price ₹693
ℹ️
Pre-IPO EPS (₹4.34) is based on pre-issue equity of 10,09,86,187 shares and FY26 restated PAT of ₹43.83 Cr. Post-issue EPS (₹18.37) reflects annualized Q1 FY27 earnings of ₹49.68 Cr applied to an expanded post-issue equity base of 10,82,01,194 shares resulting from the fresh issuance of 72,15,007 shares. Post-IPO Market Cap expands to ₹7,498.34 Cr at the upper band.
🎯 Objects of the Issue
Net fresh proceeds utilisation1
Prepayment or scheduled re-payment, in full or part, of certain outstanding borrowings availed by Company
₹320.90 Cr
2
Investment in our wholly owned Subsidiary, PMHPL (which also operates hospital in Srinagar), for repayment/prepayment of borrowings, in full or part, of PMHPL
₹54.10 Cr
3
General Corporate Purposes
Balance
Total Fresh Issue Goal
₹500.00 Cr
🏢 About Paras Healthcare Ltd.
Est. 1987 · Gurugram, Haryana · Clinical Specialty Hospital & CONGOR ExpertiseParas Healthcare Limited, established in 1987, is a premier clinical specialty-led hospital platform operating under the “Paras Health” brand. The company primarily provides tertiary and quaternary healthcare services across North India, Bihar, and Jharkhand. As of June 30, 2026, Paras Health manages a diversified network of eight hospitals with an aggregate capacity of 2,211 beds located in Gurugram, Panchkula, Patna, Darbhanga, Kanpur, Udaipur, Ranchi, and Srinagar.
The business model is distinctly anchored around high-acuity CONGOR specialties—Cardiac Sciences, Oncology, Neurosciences, Gastro Sciences, Orthopedics & Sports Injury, and Renal Sciences. These critical care domains form the operational backbone, contributing a dominant 75.30% of total revenue in Fiscal 2026. Backed by over two decades of operating history, the company employs a balanced growth strategy utilizing mature, emerging, and new hospital facilities. Looking ahead, Paras Healthcare is significantly expanding its footprint with two major upcoming greenfield projects: a 300-bed hospital in Gurugram and a 500-bed facility in Ludhiana, set to augment total bed capacity to 3,011 by March 2028. As of March 31, 2026, the company supported a robust clinical and operational workforce of 4,670 employees, including 1,084 doctors and 1,937 nurses.
Brand Ecosystem
🏥
Paras Health Brand
Network of 8 hospitals across North India, Bihar, and Jharkhand with an operational capacity of 2,211 beds.
🧬
CONGOR Specialties
High-acuity focus (Cardiac, Oncology, Neuro, Gastro, Ortho, Renal) contributing 75% of FY26 revenue.
🏗️
Capacity Expansion
Upcoming 300-bed hospital in Gurugram and 500-bed in Ludhiana aiming for 3,011 beds by FY28.
👨⚕️
Experienced Medical Workforce
Supported by 1,084 doctors and 1,937 nurses ensuring clinical excellence and robust patient care.
Competitive Strengths
🏆Leading healthcare provider in North India, Bihar, and Jharkhand supported by over 20 years of operating experience.
🏥Balanced portfolio of mature, emerging, and new hospitals driving strong occupancy growth and operational efficiency.
🔬Advanced clinical infrastructure and standardized care protocols across its 8 tertiary and quaternary facilities.
📈Solid financial trajectory, recording a 24% increase in FY26 revenue to ₹1,628.78 Cr alongside a 176% jump in PAT.
Company Promoters
DN
Dharminder Kumar Nagar
Promoter, Paras Healthcare Ltd.
Key Selling Shareholders (OFS)
Commelina Ltd.Corporate (₹650.00 Cr)
Dharminder Kumar NagarPromoter (₹300.00 Cr)
📅 Key Dates
IPO Opens21 Oct 2026
IPO Closes23 Oct 2026
Allotment26 Oct 2026
Refund & Share Credit27 Oct 2026
Listing Day28 Oct 2026
💡 Quick Summary
Price Band₹660 – ₹693
Upper Price₹693 / share
Lot Size21 shares
Min. Investment (Retail)₹14,553 (1 Lot)
Issue Size₹1,450.00 Cr
ListingBSE, NSE
🏦 Registrar & Lead Manager
Lead Managers
JM Financial Ltd.
BOFA Securities India Ltd.
Nuvama Wealth Management Ltd.
BOFA Securities India Ltd.
Nuvama Wealth Management Ltd.
📍 Registered Address
Paras Healthcare Ltd.
1st Floor, Tower B, Paras Twin Towers,
Golf Course Road, Sector 54,
Gurugram, Haryana — 122002
📞 +91 124 430 2163
[email protected]
1st Floor, Tower B, Paras Twin Towers,
Golf Course Road, Sector 54,
Gurugram, Haryana — 122002
📞 +91 124 430 2163
[email protected]
🛡️ Regulatory Note: Mainline IPO investments are subject to SEBI regulations. Always read the Prospectus/RHP before applying. Consult a SEBI-registered advisor before investing.
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Disclaimer: This page presents publicly available information from the Paras Healthcare IPO RHP for informational purposes only. This format is generated adhering to the required structure as specified in the IPO NEW FORMAT source file. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
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