Rupix

Park Medi World IPO

Park Medi World came to market through an IPO that opened on 10 December 2025 and closed on 12 December 2025, and the shares listed on 17 December 2025 on BSE, NSE. The price band was ₹154 to ₹162 per share and one lot was 92 shares, so the minimum application was ₹14,904. The issue size was ₹920 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.

Kfin Technologies Ltd was the registrar to the issue, and Nuvama Wealth Management Ltd, CLSA India Pvt.Ltd, Dam Capital Advisors Ltd, Intensive Fiscal Services Pvt.Ltd were the lead managers.

Issue details

Issue type
Book Built Issue
Price band
₹154 to ₹162
Lot size
92 shares
Minimum investment
₹14,904
Face value
₹2 per share
Issue size
₹920 crore
Fresh issue
4,75,30,864 shares (aggregating up to ₹770 crore)
Offer for sale
92,59,259 shares (aggregating up to ₹150 crore)
Listing at
BSE, NSE
Registrar
Kfin Technologies Ltd
Lead managers
Nuvama Wealth Management Ltd, CLSA India Pvt.Ltd, Dam Capital Advisors Ltd, Intensive Fiscal Services Pvt.Ltd
Promoter holding before the issue
95.55%
Promoter holding after the issue
82.89%

Timeline

Opens
10 December 2025
Closes
12 December 2025
Allotment
15 December 2025
Listing
17 December 2025

Subscription status by day

As of 12 December 2025.

Day
1
2
3

Listing day and after

Issue price
₹162
Listed on
17 December 2025

About Park Medi World

Incorporated in 2011, Park Medi World Limited is a chain of private hospitals with the majority of its operations in North India, having a total bed capacity of 3,000 beds as of September 30, 2024. The firm has 13 multi-super speciality hospitals in its 'Park' brand. All the hospitals have NABH accreditation by the National Accreditation Board for Hospitals & Healthcare Providers, and seven are also NABL-accredited by the National Accreditation Board for Testing and Calibration Laboratories.

Facilities are present in Haryana, Delhi, Punjab, and Rajasthan. The Park Hospital provides over 30 super specialty and specialty services like internal medicine, neurology, urology, gastroenterology, general surgery, orthopaedics, and oncology. The hospitals have 805 intensive care unit (ICU) beds, 63 operating theatres (OTs), and an oxygen generation plant in each of them to cater to critical care.

As described in the offer document.

Objects of the issue

  • Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the Company and certain of the Subsidiaries.
  • Funding capital expenditure for development of new hospital and expansion of existing hospital by our certain Subsidiaries Park Medicity (NCR) and Blue Heavens, respectively.
  • Funding capital expenditure for purchase of medical equipment by the Company and our certain Subsidiaries, Blue Heavens and Ratangiri.
  • Unidentified inorganic acquisitions and general corporate purposes.

Strengths

  • Large network of hospitals with a strong regional leadership amongst the largest private players in North India and the largest by beds in Haryana.
  • Quality health care with a wide specialty mix-30+ specialties backed by NABH & NABL accreditations assure credibility and patient trust.
  • Proven growth via acquisitions, with a successful track record in multiple hospital integrations along with enhancements in operational efficiencies.

Risks

  • High contingent liabilities & guarantees: Together accounting for a substantial share of the net worth, materialization may affect the financial stability.
  • Highly dependent on 480 doctors and consultants for day-to-day hospital operations.
  • Hospitals in Haryana contribute over 84.98% of revenue, posing regional concentration risk.

Financials (₹ crore)

Metric30-Sep-2531-Mar-2531-Mar-2431-Mar-23

Park Medi World mobilises Rs 276 crore via anchor book. The 1,70,37,036 equity shares, that had been allocated to the anchor investors, as mentioned earlier, comprised 95,67,908 shares, i.e., 56.16% of the total allotments to anchor investors being made to 4 domestic mutual funds, namely Kotak Mahindra AMC, Helios MF, ITI MF, and Taurus MF, while no application was received from life insurance companies and pension funds, the Park Hospital in its filing to exchanges said.

Other investors who participated in the anchor book included Allianz Global Investors Fund, Reliance General Insurance Company, Abakkus Asset Manager, Carnelian Bharat Amritkaal Fund, SBI General Insurance, Winro Commerical, Societe Generale, and Alchemie Ventures Fund.

Promoters

Dr. Ajit Gupta, Dr. Ankit Gupta. Promoter holding 95.55% before the issue and 82.89% after.

Application sizes

Retail (min)
1 lot, 92 shares, ₹14,904
Retail(max)
13 lots, 1196 shares, ₹1,93,752
sHNI(min)
14 lots, 1288 shares, ₹2,08,656
sHNI(max)
67 lots, 6164 shares, ₹9,98,568
bHNI(min)
68 lots, 6256 shares, ₹10,13,472

Valuation

EPS Pre IPO
₹5.55
EPS Post IPO
₹6.44
P/E Pre IPO
29.21
P/E Post IPO
25.14
ROE
20.68%
ROCE
17.47%
RoNW
20.08%
PAT Margin
15.30%
Debt/Equity
0.61
Price/Book
6.09
Market Cap
₹920 cr

Registrar and allotment status

Registrar
Kfin Technologies Ltd
Allotment status
https://kosmic.kfintech.com/ipostatus/
Phone
04067162222, 04079611000
Email
parkmedi.ipo@kfintech.com

Work out the listing gain for this IPO

How allotment works

If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.

The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.

Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.

What happens on listing day

Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.

For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.

Questions about the Park Medi World IPO

What is Park Medi World IPO?

Park Medi World IPO was a ₹920 crore book-built issue, comprising a fresh issue of ₹770 crore and an offer for sale of ₹150 crore. It was priced at ₹154–₹162 per share with a lot size of 92 shares (₹14,904). The IPO was open from December 10 to December 12, 2025 and was subscribed 8.52x. Shares listed on BSE and NSE on December 17, 2025 at ₹158.80, a 2.0% discount to the issue price of ₹162. Kfin Technologies Ltd.

is the registrar. Nuvama Wealth Management Ltd. and 3 other book running lead managers manage the issue.

What is the price band of Park Medi World IPO?

The price band of Park Medi World IPO is ₹154 to ₹162 per share.

What is the lot size of Park Medi World IPO?

The lot size of Park Medi World IPO is 92 shares.

What is the minimum investment for Park Medi World IPO?

The minimum investment for Park Medi World IPO is approximately ₹14,904 based on the upper price band.

What is the allotment date of Park Medi World IPO?

The allotment date of Park Medi World IPO is Dec 15, 2025.

What was the GMP of Park Medi World IPO before listing?

Park Medi World IPO's final recorded GMP before listing was ₹4 per share (a 2% premium over the ₹162 upper price band). The shares listed at ₹158.8. GMP is unofficial and does not forecast or guarantee the actual listing price.

How has Park Medi World IPO share price performed since listing?

Park Medi World IPO listed on Dec 17, 2025. It was issued at ₹158.8(NSE) and is currently around ₹224.45 as on 2-Nov-2026 3:30 PM, which is approximately 38.5% versus issue price. The 52-week high is ₹305.00.

How to check Park Medi World IPO allotment status?

You can check Park Medi World IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Park Medi World IPO allotment status on Rupix for quick and easy access.

What was the price band of the Park Medi World IPO?

₹154 to ₹162 per share, against a face value of ₹2. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.

What was the lot size of the Park Medi World IPO?

One lot was 92 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,904.

What was the minimum investment in the Park Medi World IPO?

₹14,904, for one lot of 92 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.

When did the Park Medi World IPO open and close?

It opened on 10 December 2025 and closed on 12 December 2025.

When was the allotment of the Park Medi World IPO?

The basis of allotment was published on 15 December 2025 by Kfin Technologies Ltd, and allotted shares were credited to demat accounts before listing.

When did Park Medi World list on BSE, NSE?

The shares listed on 17 December 2025 on BSE, NSE.

How large was the Park Medi World IPO?

The issue size was ₹920 crore. The fresh issue was 4,75,30,864 shares (aggregating up to ₹770 crore). The offer for sale was 92,59,259 shares (aggregating up to ₹150 crore).