IPO
Hospital chain Paras Healthcare files draft papers for Rs.1,800-Cr IPO
Gurugram-based hospital chain Paras Healthcare has filed preliminary papers to raise INR 1,800 crore through an initial public offering. The proposed issue includes a fresh share issuance of INR 500 crore and an offer-for-sale (OFS) of equity shares worth INR 1,300 crore by the selling shareholders, including promoter Dharminder Kumar Nagar.JM Financial, BofA Securities India, and Nuvama Wealth Management are the book-running lead managers for the transaction.Founded in 2006, Paras operates a network of eight hospitals providing tertiary and quaternary healthcare services with a total capacity of 2,211 beds across Haryana, Bihar, Uttar Pradesh, Rajasthan, Jharkhand, and Jammu & Kashmir.Paras Healthcare plans to use the fresh issue proceeds for the prepayment or repayment of certain outstanding borrowings, funding the debt obligations of its subsidiary, PMHPL.The company intends to expand its operations by adding a 300-bed hospital in Gurugram and a 500-bed hospital in Ludhiana by fiscal years 2027 and 2028, respectively. The firm expects its total bed capacity to reach 3,011 by March 31, 2028.For fiscal 2026, the company reported revenue from operations of INR 1,605.95 crore and an EBITDA of INR 335.58 crore.
Between Jul 2017 and Apr 2025, Paras Healthcare had attracted about $62-M from Creador, 360 ONE and Axis PE.
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