Paras Healthcare Rs 1450 Crore IPO from Oct.21
The IPO comprises a fresh issue of equity shares aggregating up to Rs 500 crore and an offer for sale of equity shares aggregating up to Rs 950 crore by the selling shareholder
Mumbai: Paras Healthcare announced Rs 1450 crore initial public offer opening on Wednesday, October 21, 2026.
The price band of the public offer has been fixed at Rs 660 to Rs 693 per equity share of Rs 1 each face value. The public bidding for the IPO closes on Oct.23, 2026.
The public offer comprises a fresh issue of equity shares aggregating up to Rs 500 crore and an offer for sale of equity shares aggregating up to Rs 950 crore by the selling shareholder.
Incorporated in 1987, Paras Healthcare is a clinical specialty led hospital platform providing healthcare services across North India, Bihar, and Jharkhand. The company operates eight hospitals with an aggregate bed capacity of 2,211 beds across Gurugram, Panchkula, Patna, Darbhanga, Kanpur, Udaipur, Ranchi, and Srinagar as of June 30, 2026.
It specializes in cardiac sciences, oncology, neurosciences, gastro sciences, orthopedics & sports injury, and renal sciences.
The Company proposes to utilize the net proceeds towards prepayment of certain outstanding borrowings availed by the company; investment in the wholly owned subsidiary Plus Medicare Hospitals(PMHPL) which also operates its hospital in Srinagar, payment of borrowings of PMHPL and general corporate purposes.