Paras Healthcare Limited
MainboardBSE
Issue details
Price band
₹660 - ₹693
Lot size
21 shares
Issue size
₹1450 Cr
Min. investment
₹14,553
Registrar
MUFG Intime India
Grey market premium
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Available once allotment results are out
IPO Timeline
Open
21 Oct
Close
23 Oct
Allotment
26 Oct
Listing
28 Oct
- Refunds & demat credit
- 27 Oct 2026
- Mandate end
- 7 Nov 2026
- Anchor lock-in 50%
- 25 Nov 2026
- Anchor lock-in 100%
- 24 Jan 2027
We calculate these dates from the allotment and close dates, so please treat them as indicative. Anchor lock-in applies only to issues with an anchor allotment.
Application size
| Category | Minimum | Maximum |
|---|---|---|
| RII | 21shares 1 lot · ₹14,553 | 273shares 13 lots · ₹1,89,189 |
| sNII (₹2L–₹10L) | 294shares 14 lots · ₹2,03,742 | 1,428shares 68 lots · ₹9,89,604 |
| bNII (above ₹10L) | 1,449shares 69 lots · ₹10,04,157 | No limit funds permitting |
Based on the upper price band of ₹693 and a lot of 21 shares.
Issue structure
Face value
₹1 per share
Issue type
Bookbuilding IPO
Sale type
Fresh capital cum OFS
Fresh issue
₹500 Cr
72,15,007 shares
Offer for sale
₹950 Cr
1,37,08,513 shares
Shares pre-issue
10,09,86,187
Shares post-issue
10,82,01,194
Valuation & ratios
| Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | 4.34 | 18.37 |
| P/E | 159.68 | 37.72 |
| Market cap | ₹6,998.34 Cr. | ₹7,498.34 Cr |
| KPI | Jun 30, 2026 | Mar 31, 2026 |
|---|---|---|
| ROE | 11.83% | 12.98% |
| ROCE | 4.23% | 10.76% |
| Debt/Equity | 3.21 | 3.53 |
| RoNW | 11.83% | 12.98% |
| PAT Margin | 10.38% | 2.69% |
| EBITDA Margin | 23.70% | 20.60% |
| NAV | 44.06 | 39.11 |
| P/B (x) | 15.73 | 17.72 |
Financials
| Metric | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Total income | 478.75 | 1,628.78 | 1,314.21 | 1,151.02 |
| Profit after tax | 49.68 | 43.83 | -57.98 | -15.33 |
| EBITDA | 113.48 | 335.58 | 156.46 | 154.41 |
| Net worth | 444.96 | 394.94 | 280.49 | 338.51 |
| Assets | 2,202.88 | 2,071.14 | 1,810.45 | 1,477.66 |
| Reserves & surplus | 434.86 | 384.84 | 270.73 | 328.75 |
| Total borrowing | 1,429.49 | 1,393.86 | 1,232.12 | 923.92 |
Figures in ₹ crore, as reported by the company in its offer document.
Objects of the issue
- 1.Prepayment or scheduled re-payment, in full or part, of certain outstanding borrowings availed by Company₹320.9 Cr
- 2.Investment in our wholly owned Subsidiary, PMHPL (which also operates hospital in Srinagar), for repayment/prepayment of borrowings, in full or part, of PMHPL₹54.1 Cr
- 3.General Corporate Purposes—
What the company says it intends to do with the money raised.
Recent comparable IPOs
| Company | Issue price | P/E | Listing close | Listing gain |
|---|---|---|---|---|
| Rays of Belief Ltd.Mainboard | ₹239 | 75.63 | ₹228.34 | -4.46% |
| Manipal Health Enterprises Ltd.Mainboard | ₹590 | 75.93 | ₹666.95 | +13.04% |
| Gujarat Kidney & Super Speciality Ltd.Mainboard | ₹114 | 61.62 | ₹104.54 | -8.30% |
| Park Medi World Ltd.Mainboard | ₹162 | 29.21 | ₹147.95 | -8.67% |
| ABH Healthcare Ltd.SME | ₹102 | 14.47 | ₹94.05 | -7.79% |
| Hannah Joseph Hospital Ltd.SME | ₹70 | 16.21 | ₹68.25 | -2.50% |
Past listing performance of comparable issues. This is not a forecast: listing gains vary widely and can turn negative.
Issue fundamentals compiled from the company's offer document via Chittorgarh, last read 16 Oct 2026. Always verify against the RHP before applying.