Park Medi World was incorporated on January 20, 2011. The company is the second-largest private hospital chain in North India and the largest in Haryana by bed capacity, with 3,000 total beds and 1,600 in Haryana (as of Sept 30, 2024). It operates 13 NABH-accredited multi-super specialty hospitals under the 'Park' brand, offering 30+ specialty and super specialty services
| Bidding Dates |
|---|
| 10 Dec 2025 - 12 Dec 2025 |
| Subscription |
|---|
| 8.1x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,168 | 1 | 13 | 92 | 56.8 M | ₹154 - ₹162 | 82.89 % | ₹8745.7 M - ₹9200.0 M | RHP DOC |
Park Medi World IPO SUBSCRIPTION STATUS
12 Dec '25Park Medi World IPO overall subscription rate was 8.1 times the total available shares
Park Medi World IPO retail subscription rate was 3.16 times in the retail segment
Park Medi World IPO non-institutional investor subscription rate was 15.15 times in the non-institutional investor category
Park Medi World IPO Qualified Institutional Bidder subscription rate was 11.48 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
12 Dec 2025 (Day 3) | 3.16x | 15.15x | 11.48x |
11 Dec 2025 (Day 2) | 1.19x | 1.38x | 0.32x |
10 Dec 2025 (Day 1) | 0.61x | 0.66x | 0.27x |
Park Medi World FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| H1FY26 | 808.7 | 139.1 | 45.5 | 8.6 | 26.9% |
| H1FY25 | 691.5 | 112.9 | 119.0 | 28.8 | 27.4% |
| FY25 | 1,393.6 | 213.2 | 191.2 | 65.9 | 26.7% |
| FY24 | 1,231.1 | 152.0 | 361.4 | 293.6 | 25.2% |
| FY23 | 1,254.6 | 228.2 | 195.0 | 101.9 | 31.1% |
Park Medi World IPO SUBSCRIPTION STATUS DETAILS
Park Medi World had 56.8 M shares on offer
Park Medi World IPO offer price was in the range ₹154 - ₹162
Park Medi World IPO minimum Investment was ₹14168
Park Medi World IPO issue size was ₹ 8745.7 M - ₹ 9200.0 M
Park Medi World had a minimum lot size of 92 Shares per application
Park Medi World NUMBER OF SHARES ON OFFER
Park Medi World IPO IMPORTANT DATES
| Issue Open Date | 10 Dec 2025 |
| Issue close Date | 12 Dec 2025 |
| Allotment Date | 15 Dec 2025 |
| Refund Date | 16 Dec 2025 |
| Demat Account Credit Date | 16 Dec 2025 |
| Listing Date | 17 Dec 2025 |
| Listing on Exchange(s) | NSE and BSE |
| Park Medi World Allotment Status | Exchange/ Registrar |
Park Medi World IPO subscription opened on 10 Dec 2025, and closed on 12 Dec 2025
IPO allotment for Park Medi World was finalized on Monday, 15 Dec 2025
IPO listing for Park Medi World was on NSE and BSE on Wednesday, 17 Dec 2025
Park Medi World IPO LISTING GAINS
| Issue Price (adjusted) | 162.0 |
| Listing Open Price | 158.8 |
| Listing Close Price | 147.9 |
| Listing Gain% | -2.0% |
| Current Gain% | 80.4% |
Park Medi World Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Park Medi World Ltd. | 292.2 | 12623.2 | 45.5 | 1.3 | 7.2 | 12.8 | 9.2 | 1711 | 20 | 258.1 | 25.8 | 6.4 | 35.4 |
| Apollo Hospitals Enterprise Ltd. | 8945 | 128615.4 | 66.2 | 1.9 | 5.1 | 20.5 | 8.7 | 25420.1 | 15.6 | 1941.7 | 34.3 | 135 | 34.3 |
| Max Healthcare Institute Ltd. | 1070 | 104140.3 | 72.2 | 2.1 | 12.4 | 13.4 | 8.4 | 8536.1 | 18.8 | 1442.4 | 34.1 | 14.8 | 34.1 |
| Manipal Health Enterprises Ltd. | 678 | 89176 | 10.6 | 3.6 | 10520.5 | 25.8 | 892.3 | -16.2 | |||||
| Fortis Healthcare Ltd. | 955.2 | 72109.8 | 68.8 | 3.3 | 7.6 | 10.5 | 6.5 | 9178.5 | 16.9 | 1041.8 | 34.6 | 13.9 | 20.7 |
| Aster DM Quality Care Ltd. | 869.7 | 45061 | 141.4 | 882.1 | 9.2 | 8.5 | 4.8 | 4768.8 | 11.2 | 388.1 | -92.8 | 6.2 | 0.2 |
Park Medi World INFORMATION ON IPO ISSUE
About Park Medi World
Park Medi World was incorporated on January 20, 2011. The company is the second-largest private hospital chain in North India and the largest in Haryana by bed capacity, with 3,000 total beds and 1,600 in Haryana (as of Sept 30, 2024). It operates 13 NABH-accredited multi-super specialty hospitals under the 'Park' brand, offering 30+ specialty and super specialty services
Object of the Issue
- Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the company and certain of its subsidiaries
- Funding capital expenditure for development of new hospital and expansion of existing hospital by their certain subsidiaries, Park Medicity (NCR) and Blue Heavens
- Funding capital expenditure for purchase of medical equipment by the company and their certain subsidiaries, Blue Heavens and Ratangiri
- Unidentified inorganic acquisitions and general corporate purposes
Park Medi World - PROMOTERS
| Name |
|---|
| Ajit Gupta |
| Ankit Gupta |
Park Medi World Book Running Lead Manager
Nuvama Wealth Management Limited
parkhospitals.ipo@nuvama.com
CLSA India Private Limited
parkmediworld.ipo@clsa.com
DAM Capital Advisors Limited
parkhospitals.ipo@damcapital.in
Intensive Fiscal Services Private Limited
park.ipo@intensivefiscal.com
Park Medi World Registrar to the Offer
KFin Technologies Limited
parkmedi.ipo@kfintech.com
Park Medi World Strengths
High-quality & affordable
The company aims to provide high-quality healthcare at affordable rates, especially to lower and middle-income segments. Its wide hospital network enables access to quality care for a diverse patient base
Acquiring & integrating hospitals
The company has successfully acquired and integrated seven hospitals in North India, adding 1,650 beds. These acquisitions have expanded its geographic reach and contributed to growth in bed capacity, revenue, and patient access
Strong operational & financial performance
The company has consistently delivered strong operational and financial performance by increasing patient volume, maintaining cost efficiency, and investing in advanced medical technology. It continues to remain profitable while expanding its network, supported by steady growth in in-patient numbers, ARPOB, and earnings, and achieved the second-highest EBITDA margin among peers in FY25
Park Medi World Risks
Depend on medical professionals
The company relies heavily on skilled medical professionals for its operations, but faces challenges in hiring and retaining senior doctors due to high industry demand and limited availability. Competition from other hospital chains further intensifies the difficulty
Dependence on consultants
The company engages 480 part-time consultants under one-year, renewable contracts. While no early terminations have occurred in recent years, there is no assurance that such instances won't happen in the future
Depend on in-patient department
The company relies heavily on revenue from its in-patient department. Low occupancy rates could impact returns on capital expenditure, reducing operational efficiency and profitability
IPO FAQs
This IPO consists of an offer for sale of up to Rs 150.0 crore, of 9,259,259 shares. It also consists of a fresh issue of Rs 770.0 crore.
The promoters of the company are Ajit Gupta and Ankit Gupta.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 154.0 - 162.0.
The IPO application opens on Dec 10, 2025 and closes on Dec 12, 2025.
The minimum lot size for the IPO is 92. The maximum lot size for the IPO is 1196.
For all category investors, the minimum application amount for this IPO is Rs. 14,168.0, the maximum value for this IPO is Rs 193,752.0.
This IPO will be allotted on Dec 15, 2025.
The refund will be credited to your account on Dec 16, 2025.
The allotted shares will be credited to your demat on Dec 16, 2025.
Park Medi World Ltd.’s shares listed on the stock exchanges on Dec 17, 2025.