Stories
Paras Healthcare Raises Rs 652 Crore Via Anchor Book Ahead Of IPO
M
Moneycontrol•20-10-2026, 01:06
Paras Healthcare Raises Rs 652 Crore Via Anchor Book Ahead Of IPO
- •Paras Healthcare raised Rs 652.5 crore from anchor investors ahead of its Rs 1,450-crore initial public offering scheduled to open on October 21.
- •The IPO features a price band of Rs 660 to Rs 693 per share and comprises a fresh issue worth Rs 500 crore alongside an offer for sale of Rs 950 crore.
- •Promoter Dr Dharminder Kumar Nagar and investor Commelina will sell shares worth Rs 300 crore and Rs 650 crore respectively through the offer for sale.
- •Global institutional investors such as the Abu Dhabi Investment Authority and BlackRock Global Funds participated in the anchor book alongside domestic mutual funds.
- •The hospital chain plans to use Rs 375 crore of the net fresh issue proceeds for debt repayment and aims to expand its total bed capacity to 3,011 by March 2028.
Key Questions Answered
Paras Healthcare is aiming to raise Rs 1,450 crore through its initial public offering, which features a price band set between Rs 660 and Rs 693 per share. The public subscription period will run from October 21 to October 23.
Paras Healthcare successfully mobilised Rs 652.5 crore via its anchor book on October 19, allocating shares to several global investors and domestic mutual funds.
The company intends to utilise Rs 375 crore of the net proceeds from the fresh issue to repay a portion of its debt. Furthermore, it plans to expand its total bed capacity to 3,011 by March 2028 by adding new hospitals in Gurugram and Ludhiana.
