Paras Healthcare Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹11(1.59%)
Premium (ELP)
Paras Healthcare Limited's's IPO subscription window is presently active, allowing investors to participate in this public offering valued at 2,09,23,520 Shares. The fresh issue component of 72,15,007 Shares and OFS portion of ₹950.00 Cr together constitute the complete offering.
Bids are being accepted within the specified price range of ₹660 to ₹693, with applications starting from 21 shares. The live subscription status indicates ongoing investor engagement with the offering.
The subscription period will conclude on Oct 23, 2026, followed by allotment finalization on Oct 26, 2026. Market debut is scheduled for Oct 28, 2026 on the NSE, BSE exchange, where the shares will commence trading.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Paras Healthcare Limited, incorporated in December 1987 as Arbian Frozen Foods Private Limited, is a clinical specialty-focused hospital platform providing tertiary and quaternary healthcare services across North India, Bihar and Jharkhand under the “Paras Health” brand. As of March 31, 2026, the company operated eight hospitals with a combined capacity of 2,211 beds across Gurugram, Panchkula, Patna, Darbhanga, Kanpur, Udaipur, Ranchi and Srinagar. Its key clinical specialties include cardiac sciences, oncology, neurosciences, gastro sciences, orthopedics and sports injury, and renal sciences, collectively contributing 74.70% of revenue in Fiscal 2026. With more than 20 years of operating experience, Paras Healthcare follows a balanced expansion strategy covering mature, emerging and new hospitals. The company plans to add a 300-bed hospital in Gurugram and a 500-bed hospital in Ludhiana, taking its total bed capacity to 3,011 by March 2028. As of March 31, 2026, the company had 4,670 employees, including 1,011 doctors and 1,665 nurses.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
The expected premium (GMP) is based on market buzz and unofficial trading. It should not be considered as the guaranteed listing price. Always refer to the RHP and seek advice from a financial expert before making investment decisions.
💡 Read our detailed guide: What is IPO Grey Market Premium (GMP) & How It Works?•📈 Track all live rates on IPO GMP Today
- Large Healthcare Network & First-Mover Advantage: The company is one of the largest healthcare providers in North India, Bihar and Jharkhand by bed capacity, with 2,211 beds across eight hospitals as of June 30, 2026. Several hospitals were among the first corporate hospitals in their respective markets.
- Strong Focus on Specialized Treatment: Cardiac, oncology, neuro, gastro, orthopedics and renal care contributed 74.70%, 71.92% and 72.34% of operating revenue in FY2026, FY2025 and FY2024, respectively. The company also has dedicated ICU facilities and transplant programs.
- Flexible & Cost-Efficient Business Model: The company operates hospitals through owned, leased, revenue-sharing and public-private partnership models, supporting cost-efficient expansion. Its capital expenditure per bed was ₹7.70 million as of June 30, 2026.
- History of Losses: The company reported consolidated losses of ₹10.24 million, ₹579.83 million and ₹153.31 million in the three months ended June 30, 2025, FY2025 and FY2024, respectively. There is no guarantee that the profitability achieved in FY2026 will continue.
- Losses in Subsidiaries: Its subsidiaries, PHRPL and PMHPL, reported combined losses of ₹203.82 million, ₹520.89 million, ₹822.38 million and ₹872.69 million in the three months ended June 30, 2025, FY2026, FY2025 and FY2024, respectively, as their hospitals continue to expand operations.
- High Employee Attrition: The company experienced high attrition among doctors, nurses and other staff, with rates of 12.01%, 16.09%, 60.38%, 66.74% and 65.27% during the relevant periods. Failure to retain staff could affect service quality and business operations.
- Dharminder Kumar Naga
Paras Healthcare Limited
Link Intime India Private Limited