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Paras Healthcare Listing Today: IPO subscribed 2.23 times; grey market premium at ₹13 - Published OnOct 28, 2026 | 07:40 IST - Last Updated OnOct 28, 2026 | 07:40 IST Paras Healthcare's IPO received bids for 2.69 crore shares against 1.21 crore shares on offer, translating into an overall subscription of 2.23 times. Shares of Paras Healthcare Ltd. are set to make their Dalal Street debut on Wednesday, October 28, following the closure of the company's ₹1,450 crore initial public offering (IPO), which was subscribed 2.23 times. In the grey market, Paras Healthcare shares were commanding a premium of ₹13 per share on the morning of October 28, according to InvestorGain. The grey market premium (GMP) is an unofficial indicator of investor sentiment based on transactions outside regulated stock exchanges. It does not guarantee listing gains and can fluctuate before the shares begin trading. Paras Healthcare IPO subscription details The IPO received bids for 2.69 crore shares against 1.21 crore shares on offer, translating into an overall subscription of 2.23 times. Qualified institutional buyers (QIBs) led the demand, with their portion subscribed 3.09 times. The retail individual investor category was subscribed twice. Paras Healthcare had set the IPO price band at ₹660–693 per share. The issue comprised a fresh issue worth ₹500 crore and an offer for sale (OFS) of ₹950 crore. Under the OFS, promoter Dharminder Kumar Nagar planned to sell shares worth ₹300 crore, while Commelina, an affiliate of private equity firm Creador, planned to offload shares worth ₹650 crore. Ahead of the public issue, the company raised ₹652.5 crore through its anchor book by allotting 94.15 lakh equity shares to 21 institutional investors. The investors included the Abu Dhabi Investment Authority, BlackRock Global Funds, Eastspring Investments, Government Pension Fund Global, Natixis International Funds, Integrated Core Strategies (Asia) and Citigroup Global. Paras Healthcare plans to use ₹375 crore from the fresh issue proceeds to repay a portion of its outstanding debt. The remaining funds are earmarked for general corporate purposes. Proceeds from the fresh issue will go to the company, while the OFS proceeds will accrue to the selling shareholders. About Paras Healthcare Paras Healthcare provides tertiary and quaternary healthcare services through eight hospitals operating under the Paras brand. Its hospital network has a combined capacity of 2,211 beds across North India, Bihar and Jharkhand. The company plans to expand its network by adding a 300-bed hospital in Gurugram and a 500-bed facility in Ludhiana. According to its stated plans, the Gurugram project is expected to become operational in the current financial year, while the Ludhiana facility is scheduled for the following financial year. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
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