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Paras Healthcare IPO

GMP, Subscription, Price, Allotment, Listing Date & AI Prediction

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PRICE BAND

Rs 660 - 693

LOT SIZE

1

Shares

MIN INVEST

Rs 693

CUT-OFF

Rs 693

per share

Open

21 Oct 2026

Last Day

23 Oct 2026

Allotment

26 Oct 2026

Expected Refund

27 Oct 2026

Listing

28 Oct 2026

GMP Today

4m ago

0%

Rs 0 premium

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GMP Graph

Est. Listing Price

GMP Based

Rs 693

Issue Price + GMP (Dynamic)

Est. Profit (1 Lot)

GMP Based

+Rs 0

+0.0% (1 shares)

Subscription

-

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IPOGyani AI Engine - Live Prediction
0.0%

Range: 0.0% to 4.0%

Confidence: Moderate - 50%

Confidence Score - 50%

📈 GMP Trend⚓ Anchor Quality🧠 Sentiment 50/100📊 Sub 0x🏭 Healthcare / Hospitals
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Current IPO Status: upcoming

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About Paras Healthcare

Healthcare / Hospitals

Incorporated in 1987, Paras Healthcare operates hospitals across North India, Bihar and Jharkhand. According to the company information supplied for June 30, 2026, it operates eight hospitals with an aggregate capacity of 2,211 beds across Gurugram, Panchkula, Patna, Darbhanga, Kanpur, Udaipur, Ranchi and Srinagar. Its expansion plans include a 300-bed hospital in Gurugram and a 500-bed hospital in Ludhiana, targeting 3,011 beds by March 2028.

IPO_DETAILS_LONG: Paras Healthcare IPO is a Mainboard book-building issue proposed to be listed on BSE and NSE. The supplied IPO details state a price band of ₹660 to ₹693 per equity share, with a face value of ₹1 per share. The issue comprises a fresh issue of ₹500 crore and an offer for sale of ₹950 crore, for a total issue size of ₹1,450 crore. The IPO opens on October 21, 2026 and closes on October 23, 2026. Allotment is expected on October 26, refunds and demat credit on October 27, and listing on October 28, 2026. The stated lead managers are JM Financial Limited, BofA Securities India Limited and Nuvama Wealth Management Limited. MUFG Intime India Private Limited is the registrar. The fresh issue proceeds are intended primarily for repayment or prepayment of company borrowings, investment in subsidiary PMHPL for debt repayment, and general corporate purposes. The final RHP should be used to confirm any revised issue terms.

Issue Details

Total Issue Size

Rs 1,450 Cr

Issue Size for Retail

Rs 145 Cr

Fresh Issue vs OFS

Fresh Issue
Rs 500 Cr (34%)
OFS
Rs 950 Cr (66%)

Reservation Quota

QIB

75%

Retail

10%

NII

15%

Lead Manager

JM Financial Ltd.; BOFA Securities India Ltd.; Nuvama Wealth Management Ltd.

Registrar

MUFG Intime India Pvt. Ltd.

Objects of the Issue (as per DRHP)

  • 1Prepayment or scheduled repayment of company borrowings: 320.90 Cr
  • 2Investment in wholly owned subsidiary PMHPL for repayment or prepayment of borrowings: 54.10 Cr
  • 3General Corporate Purposes: balance of net proceeds after the above specified objects and issue expenses

Key Performance Indicator (KPI)

KPIJun 30, 2026Mar 31, 2026
ROE11.83%12.98%
ROCE4.23%10.76%
Debt/Equity3.213.53
RoNW11.83%12.98%
PAT Margin10.38%2.69%
EBITDA Margin23.70%20.60%
Price to Book Value-
Check IPO Peer Comparison here.
Pre IPOPost IPO
EPS (Rs)4.34NA
P/E (x)152.07NA
Promoter Holding72.80%NA
Market CapNA

Dr. Dharminder Kumar Nagar

Paras Healthcare Financials

Company financial data by reporting period. Amounts in Rs crore; ratios and percentages as labelled. A dash means not available, not zero.
MetricFY24FY25FY26
Total Income1,151.021,314.211,628.78
Net Profit (PAT)-15.33-57.9843.83
EBITDA154.41156.46335.58
Borrowings547.53727.93854.1
ROE-8.32%-18.73%12.98%
ROCE5.86%2.71%10.76%
Debt/Equity1.622.62.16
Assets1,477.661,810.452,071.14

Company Financials

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MARKET SENTIMENT SCORE

0
50
100
50
NA

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Expert Reviews & Opinions

Expert reviews for Paras Healthcare IPO will appear here once available.

Reviews are summarized from YouTubers, analysts, news channels, and brokerage firms using AI.

Company Contact Details

1st Floor, Tower B, Paras Twin Towers, Golf Course Road, Sector 54, Gurugram, Haryana 122002
+91 124 430 2163
[email protected]
Visit Website

Green Flags

  • Established healthcare business with a history dating back to 1987.
  • Eight-hospital network with 2,211 beds as of June 30, 2026, according to the supplied company profile.
  • Revenue increased from ₹1,314.21 crore in FY25 to ₹1,628.78 crore in FY26.
  • Returned to profitability in FY26, reporting PAT of ₹43.83 crore after losses in FY24 and FY25.
  • FY26 EBITDA increased to ₹335.58 crore from ₹156.46 crore in FY25.
  • Proposed debt repayment may reduce borrowings if the stated proceeds are deployed as planned.
  • Planned expansion could increase capacity to 3,011 beds by March 2028.

Red Flags

  • The company reported losses of ₹15.33 crore in FY24 and ₹57.98 crore in FY25 before returning to profit in FY26.
  • Borrowings remain substantial relative to net worth. The RHP reports FY26 borrowings of ₹854.10 crore and debt/equity of 2.16 under its indebtedness definition.
  • A large portion of the total issue is an OFS, so those proceeds go to selling shareholders rather than the company.
  • The proposed expansion requires execution, capital allocation and hospital ramp-up.
  • The valuation at ₹660 to ₹693 implies a P/E of approximately 152.07 to 159.68 times using the supplied FY26 EPS of ₹4.34.
  • Final issue terms, including any changes from the draft RHP, should be checked against the finalized RHP before publishing.

IPO Lot Size

Investors can bid for a minimum of 1 shares and in multiples thereof.

ApplicationLotsSharesAmount
Retail (Min)11₹693
S-HNI (Min)289289₹2,00,277
B-HNI (Min)1,4441,444₹10,00,692

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Frequently Asked Questions

What is the price band of Paras Healthcare IPO?

The price band is Rs 660-693 per share. One lot contains 1 shares; its value at the upper price is Rs 693. Check the issue terms for the minimum application size applicable to your category.

What are the bidding dates for Paras Healthcare IPO?

The scheduled bidding period is 21 Oct 2026 to 23 Oct 2026.

When is Paras Healthcare IPO scheduled to list?

The scheduled listing date is 28 Oct 2026. The actual listing price is determined on the exchange, not by the grey market premium or an AI estimate.

Who is the registrar for Paras Healthcare IPO?

MUFG Intime India Pvt. Ltd. is the registrar. See the allotment page for the available schedule and official checking link.

Who manages Paras Healthcare IPO?

Lead manager information recorded for this issue: JM Financial Ltd.; BOFA Securities India Ltd.; Nuvama Wealth Management Ltd..

Disclaimer

IPOGyani is not SEBI registered and does not provide investment advice. All information is for educational purposes only.

AI predictions are probabilistic estimates based on historical data and market trends. Past performance is not indicative of future results.

GMP (Grey Market Premium) data is sourced from various unofficial channels and may not be accurate. Always verify from multiple sources.

Investors should do their own research (DYOR) and consult a SEBI registered advisor before investing.

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