Paras Healthcare IPO GMP Today

The issue

Paras Healthcare Limited provides tertiary and quaternary healthcare services through a network of multi-specialty hospitals operating under the 'Paras Health' brand across North India, Bihar, and Jharkhand. As of March 2026, it operates eight hospitals with an aggregate capacity of 2,211 beds in cities including Gurugram, Panchkula, Patna, Darbhanga, Kanpur, Udaipur, Ranchi, and Srinagar. The network focuses on high-demand clinical specialties such as cardiology, oncology, neurosciences, orthopaedics, gastroenterology, and critical care.

Paras Healthcare Limited is a Mainboard issue on NSE & BSE. The price band is ₹660–₹693. One lot is 21 shares, and the smallest application is 1 lot (21 shares, ₹14,553 at the top of the band). The issue size is ₹1,450 crore.

The IPO consists of a fresh issue of ₹500 crore and an offer for sale of ₹950 crore. The net proceeds from the fresh issue will be utilized to prepay or repay ₹320.90 crore of company borrowings, invest ₹54.10 crore in subsidiary PMHPL for debt repayment, and fund general corporate purposes.

For FY26, consolidated revenue from operations grew 24.1% to ₹1,605.95 crore from ₹1,294.06 crore in FY25. The company turned profitable in FY26 with a restated profit after tax of ₹43.83 crore, compared to a net loss of ₹57.98 crore in FY25.

Paras Healthcare listed on 28 Oct 2026 at +3.90% over the ₹693 issue price. The last grey-market premium before listing was +₹13 (+1.88%), so the listing came in above what the grey market implied.

Latest overall subscription on this edition is 2.23×. A multiple above 1.00× means applications for more shares than are on offer; it does not mean you will get shares. Retail allotment in an oversubscribed category is a lottery for one lot. The split across QIB, NII and retail is omitted unless it belongs to the same snapshot as this total.

The company incurred net losses in FY24 and FY25 primarily due to initial incubation expenses at newly commissioned hospitals. It also carries substantial borrowings, faces geographic concentration in northern and eastern India, and relies heavily on retaining key clinical professionals.

The timetable on the record is open 21 Oct 2026, close 23 Oct 2026, allotment 26 Oct 2026, listing 28 Oct 2026. MUFG Intime India is the registrar. Check allotment on their site with your PAN after the basis is out. After listing, this page stays up. The grey-market mark becomes history, and the listing print replaces the expected-listing sketch. Do not apply because a premium looks large. Read the prospectus.

Company profile: AI analysis of the offer document and news coverage (2 Nov 2026). Sources: medicalbuyer.co.in, sharebazaaronline.com, money.rediff.com, taxguru.in, chittorgarh.com. Check the offer document before relying on a figure.