Paras Healthcare IPO allotment is expected to be finalized on October 26, 2026, after the ₹1,450 crore public issue received bids for 2.23 times the shares on offer. The hospital operator’s shares are tentatively scheduled to list on the BSE and NSE on October 28.
Key Takeaways
- The IPO was open from October 21 to October 23, with a price band of ₹660–₹693 per share.
- Qualified institutional buyers subscribed 3.09 times their allocation, while the non-institutional portion was subscribed 0.66 times.
- Applicants can check their allotment through the registrar, NSE or BSE once the status is available.
How to check Paras Healthcare IPO allotment
Applicants can use the IPO allotment page of registrar MUFG Intime India, select Paras Healthcare and enter their PAN, application number or DP/Client ID.
The NSE and BSE also offer online checks. On NSE, applicants select equity and the company, then enter their application number and PAN. On BSE, they select equity and the company, enter an application number or PAN, and complete the CAPTCHA.
Allotment was expected on October 26, not confirmed as completed. The October 28 listing date is also tentative.
| Item | Details |
|---|---|
| Issue size | ₹1,450 crore |
| Subscription period | October 21–23, 2026 |
| Price band | ₹660–₹693 per share |
| Retail lot | 21 shares |
| Expected allotment | October 26, 2026 |
| Tentative listing | October 28, 2026, on BSE and NSE |
Subscription and issue terms
The retail portion was subscribed twice, while qualified institutional buyers subscribed 3.09 times their allocation. The non-institutional investor portion received bids for 66% of the shares reserved for that category.
The issue comprises a ₹500 crore fresh issue of 72.15 lakh shares and a ₹950 crore offer for sale of 1.37 crore shares. The minimum retail application was one lot of 21 shares, requiring ₹14,553 at the top of the price band.
The unofficial grey market premium was around 1% ahead of allotment. It can fluctuate and does not guarantee a listing price or investor return.
Planned use of proceeds and company performance
Paras Healthcare plans to use ₹320.90 crore of net proceeds to repay or prepay certain company borrowings, and ₹54.10 crore to help its wholly owned subsidiary PMHPL repay or prepay debt. Remaining proceeds are earmarked for general corporate purposes.
The company reported total income of ₹1,629 crore in FY26, up from ₹1,314 crore in FY25. It posted a ₹44 crore profit after tax in FY26, compared with a ₹58 crore loss a year earlier.
As of June 30, 2026, Paras Healthcare operated eight hospitals with 2,211 beds. It plans new hospitals in Gurugram and Ludhiana, with total capacity expected to reach 3,011 beds by March 2028.
Next milestone
The next scheduled milestone is the tentative BSE and NSE listing on October 28, 2026.
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Disclaimer
This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.
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