Paras Healthcare IPO
Paras Healthcare opens for subscription on 21 Oct 2026 and closes on 23 Oct 2026, at a price band of ₹660 – ₹693 with a lot of 21 shares. Listing is expected on 28 Oct 2026.
Updated 22 Oct 2026
Important dates
Opens
21 Oct 2026
Closes
23 Oct 2026
Allotment
26 Oct 2026
Listing
28 Oct 2026
IPO details
| Price band | ₹660 – ₹693 |
|---|---|
| Lot size | 21 shares |
| Minimum investment | ₹14,553 |
| Issue size | ₹1,450 crore |
| Face value | ₹1 per share |
| Board | Mainboard |
| Listing at | BSE, NSE |
| Retail quota | 10% |
| EPS | ₹4.34 |
| RoNW | 12.98% |
Grey market premium (GMP)
Last reported GMP: ₹15 (2.2%), an unofficial estimated listing price near ₹708 or about ₹315 per lot.
GMP is unregulated grey market chatter, not an exchange price, and it often swings or turns out wrong on listing day. SEBI cautions investors against relying on it. Read the GMP explainer.
Subscription status
Subscribed 0.33 times overall at the last update.
| Day | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 | 0× | 0.08× | 0.73× | 0.15× |
| Day 2 | 0.07× | 0.22× | 1.31× | 0.33× |
How many lots can you apply for?
At the upper price band. Retail bids go up to ₹2 lakh, small NII (sHNI) above ₹2 lakh up to ₹10 lakh, and big NII (bHNI) above ₹10 lakh.
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 21 | ₹14,553 |
| Retail (max) | 13 | 273 | ₹1,89,189 |
| sHNI (min) | 14 | 294 | ₹2,03,742 |
| sHNI (max) | 68 | 1,428 | ₹9,89,604 |
| bHNI (min) | 69 | 1,449 | ₹10,04,157 |
See IPO categories explained for how allotment works in each.
Company financials (₹ crore)
| Year | Revenue | Expenses | Profit after tax |
|---|---|---|---|
| FY24 | 1,151 | 1,144 | 15.33 |
| FY25 | 1,314 | 1,364 | 57.98 |
| FY26 | 1,629 | 1,553 | 43.83 |
About Paras Healthcare
Paras Healthcare Limited, founded in 1987, is the fifth-largest healthcare provider across North India, Bihar, and Jharkhand. As of now, the company runs 8 hospitals under the Paras Health brand in North India, including Gurugram, Haryana, Patna, Bihar, Uttar Pradesh, Udaipur, Rajasthan, Jharkhand, and Jammu and Kashmir. The main goal of the company is to offer high-quality and affordable healthcare in tier 2 and tier 3 cities. Heart care, cancer treatment, brain and nerve care, digestive health, and bone and joint replacement are the variety of medical services the company offers.
Paras Healthcare has established its presence among customers by having 18 years of experience in the healthcare industry. In March 2022, the company had a bed capacity of 1250 beds, which expanded to 2135 in March 2024. Moreover, the company consists of a dedicated team of 1091 doctors and 1509 nurses throughout its hospitals as of March 31, 2024.
Objects of the issue
- Prepayment or scheduled re-payment, in full or part, of certain outstanding borrowings availed by the Company
- Investment in the wholly owned Subsidiary, PMHPL (which also operates the hospital in Srinagar), for repayment/prepayment of borrowings, in full or part, of PMHPL
- General Corporate Purpose
Allotment status and registrar
MUFG Intime India Private Ltd is the registrar. After 26 Oct 2026, check your status with your PAN or application number on the registrar's site or the BSE/NSE allotment pages.
Registrar contact: +91-22-4918 6270 · parashealthcare.ipo@linkintime.co.in
Lead managers and offer documents
- JM Financial Limited
- BofA Securities India Limited
- Nuvama Wealth Management Limited
Paras Healthcare IPO: FAQs
When does the Paras Healthcare IPO open and close?
The Paras Healthcare IPO opens on 21 Oct 2026 and closes on 23 Oct 2026.
What is the Paras Healthcare IPO price band?
The price band is ₹660 – ₹693 per share (face value ₹1).
What is the Paras Healthcare IPO lot size?
One lot is 21 shares, so the minimum investment is ₹14,553 at the upper price band.
When is the Paras Healthcare IPO allotment date?
Allotment is expected on 26 Oct 2026. Check the status on the registrar's site (MUFG Intime India Private Ltd) or the BSE/NSE allotment pages using your PAN.
When will Paras Healthcare shares list?
Listing is expected on 28 Oct 2026 on BSE, NSE.
What is the Paras Healthcare IPO GMP today?
The grey market premium was about ₹15 (2.2%) when this page was last updated, implying an unofficial estimated listing near ₹708. GMP is unregulated and can change quickly; do not rely on it.
Details are compiled from the offer documents and exchange disclosures via IPOWatch and may change or contain errors; verify in the RHP and on BSE/NSE before applying. This page is for information only and is not a recommendation to apply. Neminath Traders is not a SEBI-registered investment adviser. Read how to apply for an IPO.