Paras Healthcare Raises INR 652.5 Cr From Anchor Investors Ahead of IPO

The IPO will open on October 21 and close on October 23, with the price band set at INR 660–INR 693 per share.

Paras Healthcare Ltd, which operates hospitals under the Paras Health brand, has raised ₹652.5 crore from anchor investors ahead of its INR 1,450-crore initial public offering (IPO), scheduled to open on October 21, 2026.

According to circulars uploaded on stock exchanges' websites, the company allotted 94,15,584 equity shares to 39 funds at INR 693 per share. The anchor investor round attracted participation from domestic and global investors, including SBI Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Kotak Mutual Fund, WhiteOak Capital Mutual Fund, Abu Dhabi Investment Authority, BlackRock and Eastspring Investments.

The IPO will open on October 21 and close on October 23, with the price band set at INR 660–INR 693 per share.

The proposed issue comprises a fresh issue of equity shares worth INR 500 crore and an offer for sale (OFS) of INR 950 crore by existing shareholders. The Gurugram-based company has reduced the issue size from the INR 1,800 crore planned earlier.

As part of the OFS, promoter Dharminder Kumar Nagar and investor Commelina Ltd will sell shares. Paras Healthcare plans to use the proceeds from the fresh issue to repay debt.

Paras Healthcare Operates Eight Hospitals Across Five States

Paras Healthcare operates eight hospitals under the Paras Health brand across five states and one Union Territory. Its facilities are located in Gurugram and Panchkula in Haryana; Patna and Darbhanga in Bihar; Kanpur in Uttar Pradesh; Udaipur in Rajasthan; Ranchi in Jharkhand; and Srinagar in Jammu and Kashmir.

The company's equity shares are expected to list on the stock exchanges on October 28, 2026.

JM Financial, BofA Securities India and Nuvama Wealth Management are the book-running lead managers for the IPO, while MUFG Intime India is the registrar.

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