Park Medi World IPO to Open on December 10; Price Band Fixed at INR 154–162

The issue combines a fresh equity issuance and an offer for sale (OFS), taking the total size to INR 920 crore at the upper end of the range.

Private hospital chain Park Medi World will open its initial public offering (IPO) on December 10, setting a price band of INR 154–162 per share. 

The issue combines a fresh equity issuance and an offer for sale (OFS), taking the total size to INR 920 crore at the upper end of the range.

The company plans to raise INR 770 crore through a fresh issue of 47.5 million shares, while existing shareholders will sell 9.3 million shares via OFS, amounting to INR 150 crore. Ajit Gupta is the sole promoter participating in the OFS, according to the red herring prospectus (RHP).

Established in 2011, Park Medi World operates a network of multi-super-speciality hospitals across North India. As of March 31, 2025, the chain has a total capacity of 3,000 beds across 14 NABH-accredited hospitals, eight of which are also NABL-accredited. The network comprises eight hospitals in Haryana, one in New Delhi, three in Punjab and two in Rajasthan.

The chain offers more than 30 speciality and super-speciality services, including internal medicine, neurology, urology, gastroenterology, general surgery, orthopaedics and oncology. The company said that funds from the fresh issue will be allocated toward expansion, facility improvements and general corporate purposes.

According to the RHP, not more than 50 per cent of the IPO is reserved for qualified institutional buyers (QIBs). At least 35 per cent is earmarked for retail investors, while non-institutional investors (NIIs) will receive not less than 15 per cent of the issue.

The IPO will open for subscription on December 10 and close on December 12. Further details on listing and allotment timelines are expected to be announced closer to the issue date.

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