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Park Medi World is entering the public markets with a Rs 920 crore IPO, valuing the hospital chain at INR 7,000 crore. The offering includes fresh shares and an OFS by promoter Ajit Gupta, with proceeds aimed at debt repayment, hospital expansion, medical equipment, and potential acquisitions. The hospital chain, the second largest in North India and the largest in Haryana, has grown its bed capacity to 3,250 and is undertaking major expansion projects across Ambala, Panchkula, and Rohtak. The IPO structure reserves shares for institutional, retail, and non-institutional investors.
Park Medi World, which operates hospitals under the Park brand, has set a price band of INR 154-162 per share for its upcoming Initial Public Offering (IPO), valuing the company at approximately INR 7,000 crore. The Rs 920 crore maiden public offering is scheduled to open for subscription on December 10 and close on December 12, with anchor investor bidding taking place a day earlier. Advertisement
The IPO comprises a fresh issue of shares worth INR 770 crore and an Offer For Sale (OFS) of shares valued at INR 150 crore by promoter Ajit Gupta. The company intends to use around INR 380 crore of the proceeds to repay debt, while INR 60.5 crore will fund capital expenditure for developing a new hospital and expanding an existing facility through its subsidiaries Park Medicity (NCR) and Blue Heavens. An additional INR 27.45 crore is allocated for the purchase of medical equipment by Park Medi World and its subsidiaries Blue Heavens and Ratangiri. The remaining funds are earmarked for potential acquisitions and general corporate purposes.
The hospital chain is set to make its stock market debut on December 17. It is the second largest private hospital network in North India, with a total bed capacity of 3,000 beds, and the largest in Haryana with 1,600 beds as of March 2025, according to a Crisil report. The network includes 13 multi-super specialty hospitals: eight in Haryana, one in New Delhi, three in Punjab, and two in Rajasthan.
Park Medi World has grown its bed capacity from 2,550 beds as of March 31, 2023, to 3,250 beds as of September 30, 2025, and continues to strengthen its presence with an aggressive expansion pipeline. In Ambala, the company has acquired land next to its current hospital and is expanding capacity from 250 to 450 beds, adding an onco-radiation facility, with completion expected by October 2027. A new 300-bed multi-super specialty hospital is under construction in Panchkula, expected to open by April 2026, while a 250-bed hospital in Rohtak is slated for completion by December 2026.
For the IPO, half of the issue size has been reserved for qualified institutional buyers, 35 percent for retail investors, and 15 percent for non-institutional investors. Nuvama Wealth Management, CLSA India, DAM Capital Advisors, and Intensive Fiscal Services are the book-running lead managers for the offering.
Source PTI
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