Paras Healthcare: The issue is a main-board book built issue of ₹1450.00 crores. The issue has fresh issue share of 72.15 lakh shares of ₹500 crore & Offer for Sale of 1.37 crore shares of ₹950 crore. The issue will open for subscription on 21 October 2026 & closes on 23 October 2026, after which share allotment of the issue will be finalized on 26 October 2026. Listing of shares is likely to take place on 28 October 2026.
The price band for the public offer has been set at ₹660-₹693 per share. Investors can place their bids in market lot, where one lot equals 21 shares. So, with ₹693 per share (ceiling price), minimum investment per application by retail investors will be ₹14,553. The public issue is being managed by JM Financial Ltd. As the lead book runner, and MUFG Intime India Pvt. Ltd., is the registrar.
Paras Healthcare IPO Allotment Status
| Company Name | Allotment Date | Listing Date | Registrar (Check Link) |
|---|---|---|---|
| Paras Healthcare | Mon, Oct 26, 2026 | Wed, Oct 28, 2026 | https://in.mpms.mufg.com/Initial_Offer/public-issues.html |
Paras Healthcare IPO Overview
| Details | Descriptions |
|---|---|
| IPO Date | 21 to 23 Oct, 2026 |
| Listing Date | Wed, Oct 28, 2026 |
| Face Value | ₹1 per share |
| Price Band | ₹660 to ₹693 |
| Lot Size | 21 Shares |
| Sale Type | Fresh capital cum OFS |
| Total Issue Size | 2,09,23,520 shares (agg. up to ₹1,450 Cr) |
| Fresh Issue | 72,15,007 shares (agg. up to ₹500 Cr) |
| Offer for Sale | 1,37,08,513 shares of ₹1 (agg. up to ₹950 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 10,09,86,187 shares |
| Share Holding Post Issue | 10,82,01,194 shares |
Paras Healthcare IPO Schedule
| Details | Description |
|---|---|
| IPO Open Date | Wed, Oct 21, 2026 |
| IPO Close Date | Fri, Oct 23, 2026 |
| Tentative Allotment | Mon, Oct 26, 2026 |
| Initiation of Refunds | Tue, Oct 27, 2026 |
| Credit of Shares to Demat | Tue, Oct 27, 2026 |
| Tentative Listing Date | Wed, Oct 28, 2026 |
Paras Healthcare Lot Size Details
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 21 | ₹14,553 |
| Retail (Max) | 13 | 273 | ₹1,89,189 |
| S-HNI (Min) | 14 | 294 | ₹2,03,742 |
| S-HNI (Max) | 68 | 1428 | ₹9,89,604 |
| B-HNI (Min) | 69 | 1449 | ₹10,04,157 |
Issue Reservation
| Investor Category | Shares |
|---|---|
| QIB | Not more than 75% of the Net Offer |
| NII | Not less than 15% of the Offer |
| Retail | Not less than 10% of the Offer |
Paras Healthcare IPO GMP Trend
| GMP Date | IPO Price | GMP | Est. Listing Price | Est. Profit* |
|---|---|---|---|---|
| 15-Oct 11:02 | ₹808 | ₹115 (16.59%) ▲ | ₹808 | ₹2,415 |
| 14-Oct 10:37 | ₹808 | ₹83 (0.00%) ─ | ₹83 | ₹0 |
Overview of Paras Healthcare
Established in 1987, Paras Healthcare Ltd. is a leading hospital network known for delivering progressive tertiary and quaternary healthcare services across North India, Bihar, & Jharkhand under its well established Paras Health brand. With a strong foundation in clinical care and hospital management, the group operates eight multi-specialty hospitals in major cities, including Gurugram, Panchkula, Patna, Darbhanga, Kanpur, Udaipur, Ranchi, and Srinagar. As of June/30/2026, the hospital network has a combined operational volume of 2,211 beds, enabling it to serve patients across a wide range of medical specialties.
Paras Health places a solid prominence on complex medical treatments through six key specialties: Cardiac Sciences, Oncology, Neurosciences, Gastro Sciences, Orthopedics and Sports Injury, and Renal Sciences, collectively recognized as the CONGOR specialties. These high demand clinical segments contributed 75.30% of the company total revenue in Fiscal 2026, highlighting their importance to its healthcare operations. The group is supported by a workforce of 4,670 professionals, containing 1,084 doctors and 1,937 nurses. By maintaining a balanced mix of established hospitals, growing facilities, and newer centres, Paras Health aims to strengthen operational performance while expanding access to specialized medical care. Its upcoming expansion plans include a 300-bed hospital in Gurugram and a 500 bed facility in Ludhiana, taking the network planned total capacity to 3,011 beds by March-2028.
Key Strengths & Competitive Highlights
• Strong Regional Market Presence: Paras Health has established a significant presence across North India, Bihar, and Jharkhand, serving patients through a growing network of multi-specialty hospitals.
• Expanding Multi-Specialty Hospital Network: The company operates eight hospitals with a combined capacity of 2,211 operational beds, providing a broad range of medical and surgical services.
• Established Brand Reputation: With a long operating history and a focus on clinical care, the Paras Health brand has built recognition in its key regional healthcare markets.
• Specialization in CONGOR Clinical Segments: Its focus on Cardiac Sciences, Oncology, Neurosciences, Gastro Sciences, Orthopedics & Sports Injury, and Renal Sciences supports the delivery of advanced treatment for complex medical conditions.
• Balanced Hospital Portfolio and Operational Management: A combination of mature, emerging, and newly established hospitals helps the group manage capacity, improve resource utilization, and support sustainable growth.
• Skilled Medical Workforce and Modern Infrastructure: A team of experienced doctors, nurses, and other healthcare professionals, supported by standardized clinical practices and advanced medical technology, contributes to patient care.
• Defined Hospital Expansion Strategy: Planned developments in Gurugram and Ludhiana are expected to increase the network’s total bed capacity to 3,011 by March 2028, strengthening its presence in existing and new markets.
Company Financials
Paras Healthcare Financial Information (Restated Standalone)
| Period Ended | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 2,202.88 | 2,071.14 | 1,810.45 | 1,477.66 |
| Total Income | 478.75 | 1,628.78 | 1,314.21 | 1,151.02 |
| Profit After Tax | 49.68 | 43.83 | -57.98 | -15.33 |
| EBITDA | 113.48 | 335.58 | 156.46 | 154.41 |
| NET Worth | 444.96 | 394.94 | 280.49 | 338.51 |
| Reserves and Surplus | 434.86 | 384.84 | 270.73 | 328.75 |
| Total Borrowing | 1,429.49 | 1,393.86 | 1,232.12 | 923.92 |
Key Performance Indicator (KPI)
The market cap. of Paras Healthcare IPO is for Pre IPO ₹6,998.34 Cr., & for Post IPO ₹7,498.34 Crores.
KPI as of Mar 31, 2026
| KPI | Jun 30, 2026 | Mar 31, 2026 |
|---|---|---|
| ROE | 11.83% | 12.98% |
| ROCE | 4.23% | 10.76% |
| Debt/Equity | 3.21 | 3.53 |
| RoNW | 11.83% | 12.98% |
| PAT Margin | 10.38% | 2.69% |
| EBITDA Margin | 23.70% | 20.60% |
| NAV | 44.06 | 39.11 |
| Price to Book Value | 15.73 | 17.72 |
IPO Valuation & Shareholding Structure
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 4.34 | 18.37 |
| P/E (x) | 159.68 | 37.72 |
| Company Promoters: | Dharminder Kumar Nagar | |
| Promoter and Promoter Group | 72.8% | -% |
| Public | 27.20% | -% |
| Total | 100% | 100% |
Paras Healthcare IPO Objectives
| Issue Objects | Est Amt (₹ Cr.) |
|---|---|
| Prepayment or scheduled re-payment, in full or part, of certain outstanding borrowings availed by Company | 320.90 |
| Investment in our wholly owned Subsidiary, PMHPL (which also operates hospital in Srinagar), for repayment/prepayment of borrowings, in full or part, of PMHPL | 54.10 |
| General corporate purposes. | |
| Total | 375.00 |
Paras Healthcare IPO Contact Details
- Paras Healthcare Ltd. Address
- 1 st Floor, Tower B,
- Paras Twin Towers,
- Golf Course Road, Sector 54,
- Gurugram, Haryana, 122002
- +91 124 430 2163
- cs@parashospitals.com
- Website: https://www.parashospitals.com/
Paras Healthcare IPO Registrar
MUFG Intime India Pvt.Ltd.
| Details | Descriptions |
|---|---|
| Phone: | 022-49186000 |
| Email: | parashealthcare.ipo@in.mpms.mufg.com |
| Website: | https://in.mpms.mufg.com/Initial_Offer/public-issues.html |
Paras Healthcare IPO FAQs
When Paras Healthcare IPO become available?
The IPO will open on Wed, Oct 21, 2026.
What is the minimum lot size for the Paras Healthcare IPO?
The minimum lot size is 21 shares.
When will the shares for the Paras Healthcare IPO be allotted?
The allotment is expected to be finalized on Mon, Oct 26, 2026
What is the expected listing date for the Paras Healthcare IPO?
The tentative listing date is Wed, Oct 28, 2026.
How can I apply for the Paras Healthcare IPO?
You can apply online through your bank or a broker using either the UPI or ASBA payment methods.
Read also – Jio Platforms IPO Details
