Bookbuilding IPO | ₹1,800 Cr | Listing at BSE, NSE |
Paras Healthcare Ltd. has refiled a Draft Red Herring Prospectus (DRHP) with SEBI on June 4, 2026 to raise funds through Initial Public Offer (IPO).
The initial submission on July 31, 2024 was , prompting the company to refile the documents.
Paras Healthcare Ltd. IPO is a Book Build Issue of ₹1,800.00 crores consisting of a fresh issue of shares worth Rs ₹500.00 crores and an offer for sale (OFS) of ₹1,300.00 crores.
The equity shares are proposed to be listed on NSE and BSE. JM Financial Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Paras Healthcare IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹1 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | [.] shares (agg. up to ₹1,800 Cr) |
| Fresh Issue | [.] shares (agg. up to ₹500 Cr) |
| Offer for Sale | [.] shares of ₹1 (agg. up to ₹1,300 Cr) |
| Share Holding Pre Issue | 10,09,86,187 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Wed, Jul 31, 2024 |
| SEBI/Exchange approval received | Fri, Oct 18, 2024 |
| SEBI approval expired | Sat, Oct 18, 2025 |
| Filed with SEBI/Exchange | Thu, Jun 4, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 75% of the Net Offer |
| Retail Shares Offered | Not less than 10% of the Offer |
| NII Shares Offered | Not less than 15% of the Offer |
Incorporated in December 1987 as Arbian Frozen Foods Private Limited, Paras Healthcare Limited is a leading clinical specialty-led hospital platform providing tertiary and quaternary healthcare services across North India, Bihar, and Jharkhand under the "Paras Health" brand.
The company operates eight hospitals with an aggregate bed capacity of 2,211 beds across Gurugram, Panchkula, Patna, Darbhanga, Kanpur, Udaipur, Ranchi, and Srinagar as of March 31, 2026. It specializes in cardiac sciences, oncology, neurosciences, gastro sciences, orthopedics & sports injury, and renal sciences (CONGOR specialties), which contributed 74.70% of revenue in Fiscal 2026.
Paras Healthcare has over 20 years of operating history and follows a balanced growth strategy through mature, emerging, and new hospitals. The company plans to expand its network with a 300-bed hospital in Gurugram and a 500-bed hospital in Ludhiana, increasing total capacity to 3,011 beds by March 2028.
As of March 31, 2026, it had 4,670 employees, including 1,011 doctors and 1,665 nurses.
Strengths
Paras Healthcare Ltd.'s revenue increased by 24% and profit after tax (PAT) rose by 176% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 2,071.14 | 1,810.45 | 1,477.66 |
| Total Income | 1,628.78 | 1,314.21 | 1,151.02 |
| Profit After Tax | 43.83 | -57.98 | -15.33 |
| EBITDA | 335.58 | 156.46 | 154.41 |
| NET Worth | 394.94 | 280.49 | 338.51 |
| Reserves and Surplus | 384.84 | 270.73 | 328.75 |
| Total Borrowing | 854.10 | 727.93 | 547.53 |
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|
| Gujarat Kidney & Super Speciality Ltd. | Mainboard | ₹250.80 Cr | ₹114 | ₹104.54 | -8.30% | ₹129.29 (-1.83%) |
| Park Medi World Ltd. | Mainboard | ₹920.00 Cr | ₹162 | ₹147.95 | -8.67% | ₹292.50 (+3.34%) |
| Hannah Joseph Hospital Ltd. | SME | ₹42.00 Cr | ₹70 | ₹68.25 | -2.50% | ₹103.00 (-1.90%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Prepayment or scheduled re-payment, in full or part, of certain outstanding borrowings availed by the Company | 320.90 |
| 2 | Investment in the wholly owned Subsidiary, PMHPL (which also operates the hospital in Srinagar), for repayment/prepayment of borrowings, in full or part, of PMHP | 54.10 |
| 3 | General Corporate Purposes | |
| Total | 375.00 |
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 12.98% |
| ROCE | 10.76% |
| Debt/Equity | 3.53 |
| RoNW | 12.98% |
| PAT Margin | 2.69% |
| EBITDA Margin | 20.60% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.34 | |
| Promoter Holding | 72.80% |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the Book Running Lead Managers and commissions (including underwriting commission, brokerage and selling commission). | |
| 2 | Selling commission payable to SCSBs for Bids directly procured by them and processing fees payable to SCSBs for Bids (other than Bids submitted by UPI Bidders) procured by the members of the Syndicate, the Registered Brokers, CRTAs or CDPs and submitted to SCSBs for blocking, Bankers to the Offer, fees payable to the Sponsor Banks for Bids made by RIBs. | |
| 3 | Selling commission and uploading charges payable to members of the Syndicate (including their Sub-Syndicate Members), RTAs, CDPs and Registered Brokers. | |
| 4 | Processing fees payable to the Sponsor Banks. | |
| 5 | Fees payable to Registrar to the Offer. | |
| 6 | Printing and stationery expenses. | |
| 7 | Advertising and marketing expenses. | |
| 8 | Listing fees, SEBI fees, BSE and NSE processing fees, book-building software fees, and other regulatory expenses. | |
| 9 | Fees payable to the other parties to the Offer, including, Statutory Auditors, Independent Chartered Accountant, industry expert and legal counsels. | |
| 10 | Miscellaneous. |
Paras Healthcare IPO is a main-board IPO of 0 equity shares of the face value of ₹1 aggregating up to ₹1,800 Crores. The issue is priced at To be declared. The minimum order quantity is .
The Paras Healthcare IPO open and close dates are not available as of now.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Paras Healthcare IPO using UPI as a payment gateway. Zerodha customers can apply in Paras Healthcare IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Paras Healthcare IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Paras Healthcare IPO dates are not announced. Please check back again after some time.
Paras Healthcare IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Paras Healthcare IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Paras Healthcare IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Paras Healthcare IPO allotment status.
The Paras Healthcare IPO listing date is not yet announced. The tentative date of listing is .
