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Paras Healthcare IPO
Paras Healthcare IPO
Overview
Paras Healthcare IPO is a book build issue of ₹1,450.00 crores. The issue is a combination of fresh issue of 72.15 lakh shares aggregating to ₹500.00 crores and offer for sale of 1.37 crore shares aggregating to ₹950.00 crores. Paras Healthcare IPO opens for subscription on Oct 21, 2026 and closes on Oct 23, 2026. The allotment for the Paras Healthcare IPO is expected to be finalized on Oct 26, 2026. Paras Healthcare IPO will list on NSE and BSE with a tentative listing date fixed as Oct 28, 2026. Paras Healthcare IPO is set issue price band at ₹660 to ₹693 per share. The lot size for an application is 21 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,553 (21 shares) (based on upper price). JM Financial Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Total Shares
2,09,23,520
Issue Size
₹1,450 Cr
Price Band
₹660 – ₹693
Lot Size
21 shares
Min. Investment
₹14,553
Max. Investment
₹1,89,189
Open Date
21 Oct, 2026
Close Date
23 Oct, 2026
Allotment
26 Oct, 2026
Listing
28 Oct, 2026
Max. Investment
₹1,89,189
Announced
21 Oct, 2026
Opening Date
21 Oct, 2026
Closing Date
23 Oct, 2026
Basis of Allotment
26 Oct, 2026
Initiation of Refunds
27 Oct, 2026
Credit of Shares
27 Oct, 2026
Listing Date
28 Oct, 2026
Live GMP
Est. Listing: ₹702
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About Paras Healthcare IPO
Incorporated in1987, 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 June 30, 2026.
It specializes in cardiac sciences, oncology, neurosciences, gastro sciences,
Paras Healthcare IPO Share Price
Issue Breakdown
Shareholding
Dilution: 7.1% increase in shares
Paras Healthcare IPO Financial Health
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.
Paras Healthcare IPO Lot Size
Investors can bid for a minimum of 21 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 21 | ₹14,553 |
| Retail (Max) | 13 | 273 | ₹1,89,189 |
| S-HNI (Min) | 14 | 294 | ₹2,03,742 |
| S-HNI (Max) | 68 | 1428 | ₹9,89,604 |
| B-HNI (Min) | 69 | 1449 | ₹10,04,157 |
(All values in CR)
Paras Healthcare IPO Valuations
| Metric | Value |
|---|---|
| ROE | 11.83 |
| ROCE | 4.23 |
| Debt/Equity | 3.21 |
| RoNW | 11.83 |
| PAT Margin | 10.38 |
| EBITDA Margin | 23.70 |
| NAV | 44.06 |
| P/B (x) | 15.73 |
(All values in CR)
Paras Healthcare IPO Strength & Risk
Paras Healthcare IPO Strength
Established hospital network across North and East India.
Specialised healthcare services, including cardiac care and oncology.
Strong revenue growth in recent financial years.
Returned to profitability in FY26.
Improving hospital bed occupancy.
Growing demand for advanced healthcare services.
Paras Healthcare IPO Risk
High debt burden and finance costs.
High employee attrition, including medical staff.
Revenue concentration in North India.
Profitability sustainability remains a concern.
Losses at certain subsidiaries.
Dependence on government healthcare schemes and delayed payments.
Paras Healthcare IPO Subscriptions Status
Paras Healthcare IPO subscribed 0.43 times. The public issue subscribed 1.63 times in the retail category, 0.09 times in QIB (Ex Anchor), and 0.33 times in the NII category by October 23, 2026 11:30:06 AM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 94,15,584 | 94,15,584 | 652.5 |
| QIB (Ex Anchor) | 0.09 | 62,77,056 | 5,50,872 | 38.175 |
| NII | 0.33 | 31,38,528 | 10,43,322 | 72.302 |
| bNII (> ₹10L) | 0.28 | 20,92,352 | 5,95,140 | 41.243 |
| sNII (< ₹10L) | 0.43 | 10,46,176 | 4,48,182 | 31.059 |
| Retail | 1.63 | 20,92,352 | 34,04,667 | 235.943 |
| Total | 0.43 | 1,15,07,936 | 49,98,861 | 346.421 |
Paras Healthcare IPO GMP
Paras Healthcare IPO last recorded Grey Market Premium (GMP) is ₹9, updated on Oct 23, 2026 11:02:01 AM. With an upper price band of ₹693.00, the estimated listing price for Paras Healthcare IPO is ₹702 (cap price + today's GMP). This indicates an expected listing gain for Paras Healthcare IPO of 1.30%. • Paras Healthcare IPO Retail Subject to Sauda: ₹100 • Paras Healthcare IPO Small HNI Subject to Sauda: ₹1400 During this period, the premium has fluctuated between a low of ₹9.00 and a high of ₹96.00.
Last updated 23 Oct, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 23 Oct, 2026 | 0 | ₹9▼ | - | ₹702 (1.30%) | 189 | 23 Oct, 2026 |
| 22 Oct, 2026 | 0 | ₹13▼ | - | ₹706 (1.88%) | 273 | 22 Oct, 2026 |
| 21 Oct, 2026 | 0 | ₹25▼ | - | ₹718 (3.61%) | 525 | 21 Oct, 2026 |
| 20 Oct, 2026 | 0 | ₹50▼ | - | ₹743 (7.22%) | 1050 | 20 Oct, 2026 |
| 19 Oct, 2026 | 0 | ₹78▼ | - | ₹771 (11.26%) | 1638 | 19 Oct, 2026 |
| 18 Oct, 2026 | 0 | ₹92▼ | - | ₹785 (13.28%) | 1932 | 18 Oct, 2026 |
| 17 Oct, 2026 | 0 | ₹96▲ | - | ₹789 (13.85%) | 2016 | 17 Oct, 2026 |
| 16 Oct, 2026 | 0 | ₹95 | - | ₹788 (13.71%) | 1995 | 16 Oct, 2026 |
| 15 Oct, 2026 | 0 | ₹95▲ | - | ₹788 (13.71%) | 1995 | 15 Oct, 2026 |
| 14 Oct, 2026 | 0 | ₹83 | - | ₹83 (0.00%) | - | 14 Oct, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Paras Healthcare IPO
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find Paras Healthcare IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.
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