Paras Healthcare IPO: ₹1,450 Crore Issue Priced at ₹660 to ₹693 Per Share
- 15th October 2026
- 11:00 AM
- 3 min read
Summary
Paras Healthcare has fixed a price band of ₹660 to ₹693 per share for its ₹1,450 crore initial public offering (IPO), valuing the company at ₹7,500 crore. The Haryana-based hospital chain opens the issue from 21 to 23 October 2026. Its shares are expected to list on BSE and the National Stock Exchange (NSE) on 28 October.Mumbai | 15 October 2026
Paras Healthcare fixed the price band for its maiden public issue on Thursday. The issue combines a fresh issue with an offer for sale (OFS) by existing shareholders.
What Is the Paras Healthcare IPO Issue Structure?
The ₹1,450 crore issue combines a fresh issue and an OFS. Through the fresh issue of 72.15 lakh shares, the company raises ₹500 crore of new capital. Through the OFS of 1.37 crore shares worth ₹950 crore, existing shareholders sell part of their holding, and that money goes to them.
- Promoter Dharminder Kumar Nagar is selling shares worth up to ₹300 crore.
- Investor Commelina Ltd is selling shares worth up to ₹650 crore.
The company has reserved 75% of the issue for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs) and 10% for retail investors.
What Are the Key Dates and Investment Limits?
Bidding runs from 21 to 23 October 2026, after a one-day anchor book for institutional investors on 19 October. Investors can bid for a minimum of 21 shares and in multiples of 21 thereafter. A retail investor needs at least ₹14,553 at the upper end of the price band.
| Event | Date |
| Anchor book | Monday, 19 October 2026 |
| IPO opens | Wednesday, 21 October 2026 |
| IPO closes | Friday, 23 October 2026 |
| Allotment | Monday, 26 October 2026 |
| Listing (expected) | Wednesday, 28 October 2026 |
| Application | Lots | Shares | Amount |
| Retail (minimum) | 1 | 21 | ₹14,553 |
| Retail (maximum) | 13 | 273 | ₹1,89,189 |
What Does Paras Healthcare Do?
Paras Healthcare runs eight hospitals with 2,211 beds under the Paras Health brand, as of 30 June 2026. Promoted by Dr Dharminder Kumar Nagar, it provides tertiary and quaternary healthcare services across North India, Bihar and Jharkhand.
Cardiac sciences, oncology, neurosciences, gastro sciences, orthopaedics and sports injury, and renal sciences contributed 75.30% of revenue in the financial year 2025-26 (FY26).
How Has Paras Healthcare Performed Financially?
Total income rose to ₹1,628.78 crore in FY26 from ₹1,314.21 crore in FY25. The company reported a profit after tax (PAT) of ₹43.83 crore in FY26, against a loss of ₹57.98 crore a year earlier.
How Will Paras Healthcare Use the IPO Proceeds?
The company will use ₹375 crore from the net fresh issue to repay debt. Its consolidated borrowings stood at ₹888.9 crore as of June 2026. The remaining funds will go towards general corporate purposes.
- ₹320.90 crore will be used to prepay or repay certain borrowings of the company.
- ₹54.10 crore will be invested in a wholly owned subsidiary, which also operates the Srinagar hospital, to repay its borrowings.
Outlook
Paras Healthcare shares are expected to list on BSE and NSE on 28 October 2026. The company plans to add a 300-bed hospital in Gurugram by the financial year 2026-27 (FY27) and a 500-bed hospital in Ludhiana by the financial year 2027-28 (FY28). These additions would take its total capacity to 3,011 beds by 31 March 2028.
Stay updated on Indian and global equity and commodity markets on PL Capital.
Disclaimer: Investments in securities market are subject to market risks, read all the related documents carefully before investing.
This is a knowledge-sharing initiative by PL Capital. The information provided is only for educational purposes and should not be considered as financial advice & has no influence on the investment/trading decisions of any investors.
For detailed disclaimers/disclosure and Mandatory terms and conditions please visit our website https://www.plindia.com/regulatory-content/
