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Paras Healthcare Limited

MainboardupcomingNSE · BSE
21 Oct 2026 – 23 Oct 2026
—TO OPEN
Offer Price
₹660–693
Bid lot
21
Min Application
₹14,553
Issue Size
₹1,450 Cr

Key dates

Open date
21 Oct 2026
in 5 days
Close date
23 Oct 2026
in 7 days
Basis of allotment
26 Oct 2026
in 10 days
Initiation of refunds
26 Oct 2026
in 10 days
Credit to demat
26 Oct 2026
in 10 days
Listing date
28 Oct 2026
in 12 days

Issue reservation

₹1,450 Cr
QIB 75%10%5%10%
QIB
1.57 Cr sh · ₹1087.50 Cr
75%
HNI (10L+)
20.9 L sh · ₹145.00 Cr
10%
HNI (2-10L)
10.5 L sh · ₹72.50 Cr
5%
Retail
20.9 L sh · ₹145.00 Cr
10%
BRLM: JM Financial · BofA Securities India · Nuvama Wealth Management

Lot ladder — how much to bid

1 lot = 21 shares
Retail · Up to ₹2 L1–13 lots
Min · 1 lot
21 sh · ₹14,553
Max · 13 lots
273 sh · ₹1,89,189
S-HNI · ₹2 L to ₹10 L14–68 lots
Min · 14 lots
294 sh · ₹2,03,742
Max · 68 lots
1,428 sh · ₹9,89,604
B-HNI · Above ₹10 L69+ lots
Min · 69 lots
1,449 sh · ₹10,04,157
Entry point
₹10,04,157 onward

Issue details

Lead managersJM Financial, BofA Securities India, Nuvama Wealth Management
Fresh issue72,15,007 sh · ₹500 Cr
Offer for sale1,37,08,513 sh · ₹950 Cr
Face value₹10
Listing onNSE · BSE
RegistrarMUFG Intime India Private Limited
Grey-market sentiment
No grey-market data yet.
Financials

Particulars

30-Jun-26

31-Mar-26

31-Mar-25

31-Mar-24

Total 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

PAT

49.68

43.83

-57.98

-15.33

Net Worth

444.96

394.94

280.49

338.51

Reserves & Surplus

434.86

384.84

270.73

328.75

Total Borrowings

1,429.49

1,393.86

1,232.12

923.92

Objects of the issue
  • Debt Repayment: ₹375 crore allocated to repay outstanding borrowings and improve the debt-equity ratio.

  • Working Capital: Funding day-to-day operational requirements.

  • General Corporate Purposes: Supporting corporate expenses and strategic initiatives.

About the company

Incorporated in 1987, Paras Healthcare Limited is a leading clinical specialty-focused hospital platform operating under the “Paras Health” brand. The company provides tertiary and quaternary healthcare services across North India, Bihar, and Jharkhand. As of June 30, 2026, it operates eight hospitals with a combined bed capacity of 2,211 across Gurugram, Panchkula, Patna, Darbhanga, Kanpur, Udaipur, Ranchi, and Srinagar.

The company specializes in cardiac sciences, oncology, neurosciences, gastro sciences, orthopedics and sports injury, and renal sciences, collectively referred to as CONGOR specialties. These specialties contributed 75.30% of the company’s revenue in Fiscal 2026.

With over 20 years of operating experience, Paras Healthcare follows a balanced growth strategy focused on mature, emerging, and new hospitals. Its expansion plans include a 300-bed hospital in Gurugram and a 500-bed hospital in Ludhiana, which are expected to increase its total bed capacity to 3,011 by March 2028.

As of March 31, 2026, the company employed 4,670 people, including 1,084 doctors and 1,937 nurses, supporting its delivery of specialized and comprehensive healthcare services.

Company strengths

  • Leading healthcare provider in North India and Eastern India.

  • Operates 8 hospitals with 2,211 beds.

  • Strong brand with 20+ years of experience.

  • Focus on specialized CONGOR treatments.

  • Efficient operations and experienced medical staff.

  • Expansion target of 3,011 beds by FY28.

  • Advanced infrastructure and standardized care.

Promoters

Dharminder Kumar Nagar

Registered office & contact

Paras Healthcare Limited.

Address - 1 st Floor, Tower B,

Paras Twin Towers,

Golf Course Road, Sector 54,

Gurugram, Haryana, 122002

📞 +91 124 430 2163

✉️ cs@parashospitals.com

Documents

Filed with SEBI / the exchange by the issuer. Opens on the issuer's or the regulator's site.

How to apply
1Create your account & log inSign up on Investoyard and complete a quick KYC.
2Pick the IPO & tap ApplyOpen the live IPO and choose your investor category.
3Enter bid & quantityUp to 3 bids · cut-off or price band · retail cap ₹2,00,000.
4Approve the UPI mandateYou receive a fund-block request on your UPI app.
5DoneFunds stay blocked until allotment, then auto-debited (or released).
Frequently asked questions
What is the minimum investment in the Paras Healthcare Limited IPO?

One lot of 21 shares — ₹14,553 at the upper price band of ₹693.

How many bids can I place?

Up to 3 bids per application. Retail applications are capped at ₹2,00,000; above that you must apply in the HNI category.

When are the funds debited?

Funds are blocked via a UPI mandate at application and debited only on allotment. If shares are not allotted, the block is released automatically.

When will the shares list?

Tentative listing on 2026-10-28 on NSE / BSE.

₹660–693
Each applicant applies with their own PAN, demat and UPI.
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