The Park Medi World IPO moved into its second day of bidding today, December 11. The public issue, which opened on December 10, will remain available for subscription until Friday, December 12. The healthcare operator, known for its Park Hospital chain across North India, aims to raise Rs 920 crore through a mix of new shares and an offer for sale.
As the clock ticked past mid-morning on Day 2, let’s take a look at the subscription numbers, GMP and how investors are responding.
Park Medi World IPO: Subscription trend
By 12:30 PM on Day 2, the IPO had been subscribed 0.79 times so far. The bidding is still underway.
The issue structure reserves half the offering for QIBs, at least 35% for retail investors, and the remaining portion for high-net-worth participants.
Park Medi World IPO: What the company is raising money for
The offer includes a fresh issue worth Rs 770 crore and an offer for sale of shares valued at Rs 150 crore. The company has laid out detailed plans for where the fresh funds will be deployed.
A major portion is placed for reducing debt across the company and its subsidiaries. Another chunk is being directed toward building a new hospital and expanding existing ones. Funds have also been set aside for medical equipment and for broader corporate needs, including possible acquisitions.
Before the IPO opened, Park Medi World mobilised Rs 276 crore from anchor investors on December 9.
Park Medi World IPO: GMP trend
The grey market premium (GMP) for the IPO as of now is trading at a premium of Rs 12. This indicates an estimated listing price of around Rs 174 per share, translating to a gain of roughly 7% over the upper band of Rs 162.
However, it is important to understand that GMP is not the actual listing price and may fluctuate based on market sentiment.
Key dates and key players of the issue
Applicants can expect allotment to be finalised on December 15. Successful bidders are likely to receive shares in their demat accounts the following day, while refunds for unsuccessful applications will also be processed on December 16. The stock is scheduled to list on both the National Stock Exchange (NSE) and the BSE on December 17.
Nuvama Wealth Management, CLSA India, DAM Capital and Intensive Fiscal Services are managing the issue, while KFin Technologies is the registrar.
About the company
Park Medi World has established itself as a major healthcare operator in the northern region. It is the second-largest private hospital network in North India with around 3,000 beds and holds the top position in Haryana with 1,600 beds as of March 2025. It runs 14 National Accreditation Board for Hospitals and Healthcare Providers (NABH) accredited multispecialty hospitals under the Park brand.
