Paras Healthcare Refiles INR 1,800 Cr IPO, Plans Expansion to 3,011 Beds by FY28
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Paras Healthcare intends to use the fresh capital primarily to reduce outstanding debt, strengthen its balance sheet, and support future growth plans.
Paras Healthcare has re-entered the IPO race with a proposed INR 1,800 Cr public issue, marking its second attempt to list on Indian stock exchanges in less than two years, and plans to expand its total capacity to 3,011 beds by FY28.
The offering comprises a fresh issue of INR 500 Cr and an offer for sale (OFS) worth up to INR 1,300 Cr by existing shareholders.
Founded in 2006 with its first hospital in Gurugram, Paras Healthcare has grown into one of the largest hospital networks across North India, Bihar, Jharkhand, and Jammu & Kashmir. Operating under the Paras Health brand, it currently manages eight hospitals with a combined capacity of 2,211 beds across Gurugram, Panchkula, Patna, Darbhanga, Ranchi, Udaipur, Srinagar, and Kanpur.
As part of its next growth phase, Paras Healthcare plans to add a 300-bed facility in Gurugram and a 500-bed hospital in Ludhiana, increasing its total capacity to 3,011 beds by FY28.
The proposed IPO follows the company’s earlier plans for a public issue, which did not materialize despite receiving regulatory approval in 2024. That approval eventually lapsed after the offering was not launched within the permitted timeline, prompting Paras Healthcare to file a fresh draft red herring prospectus (DRHP).
Paras Healthcare currently employs more than 1,000 doctors and over 1,600 nurses across its network and operates advanced medical infrastructure including surgical robots, LINAC systems, PET-CT scanners, and cath labs.
Paras Healthcare intends to use the fresh capital primarily to reduce outstanding debt, strengthen its balance sheet, and support future growth plans.
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