Park Medi World IPO

Listed

MainboardOpens 10 December 2025Closes 12 December 2025

Park Medi World Limited, established in 2011, is the second largest private hospital chain in North India and the largest in Haryana, operating 14 NABH and NABL accredited multi-super speciality hospitals under the…

Live GMP Subscription Allotment

Price band

₹154 - ₹162

Issue size

₹920 Cr

Lot size

92 shares

Type

Mainboard

GMP

₹5 (+3.1%)

Est. listing

₹167

Est. profit / app

₹460

Retail quota

35%

Key ratios

As per RHP / filings

Face value

₹2

EPS

6.44

P/E ratio

25.14

RoNW

20.08%

ROE

20.68%

Debt / Equity

0.61

Timeline

IPO Opens

10 Dec

IPO Closes

12 Dec

Allotment

15 Dec

Listing

17 Dec

IPO Timeline & Listing Details

Event	Date	Details
IPO Open Date	10 December 2025	Subscription starts
IPO Close Date	12 December 2025	Subscription ends
Allotment Date	15 December 2025	Allotment
Listing Date	17 December 2025	Listing

Investment Categories

Category	Lots	Amount
Retail (Min)	1	₹14,904
Retail (Max)Just less than ₹2,00,000	13	₹1,93,752
SHNI (Min)Just above ₹2,00,000	14	₹2,08,656
SHNI (Max)Below ₹10,00,000	67	₹9,98,568
BHNIAbove ₹10,00,000	68	₹10,13,472

IPO Reservation Details

Category	Reservation
QIB (Qualified Institutional Buyer)	50%
NII (Non-Institutional Investor)	15%
Retail	35%
Total	100.00%

IPO Objectives

Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the Company and certain of the Subsidiaries (₹380.00 Cr).
Funding capital expenditure for development of new hospital and expansion of existing hospital by our certain Subsidiaries Park Medicity (NCR) and Blue Heavens, respectively (₹60.50 Cr).
Funding capital expenditure for purchase of medical equipment by the Company and our certain Subsidiaries, Blue Heavens and Ratangiri (₹27.46 Cr).
Unidentified inorganic acquisitions and general corporate purposes.

Strengths

The company holds Regional Dominance, being the second largest private hospital chain in North India and the largest in Haryana, which provides a strong regional base and cluster-based efficiency.
It has a Proven Growth Model with a strong track record of successfully acquiring and integrating hospitals, which contributed over 55% of revenue/profit in H1 FY26.
The business delivers High-Quality, Affordable Care, with all hospitals being NABH accredited and a model focused on the massive middle-class segment.
The Strategic Use of Funds is highlighted by the largest objective being debt repayment (₹380 Cr), which significantly deleverages the balance sheet and is expected to boost future margins.
It maintains Robust Financials, showing consistent growth in Net Worth, a high PAT Margin of 15.30% (FY25), and a strong EBITDA Margin of 26.71%.

Weaknesses

There is Geographic Concentration with a heavy dependence on Haryana for revenue (over 74%), increasing vulnerability to regional regulatory or economic changes.
The Aggressive Valuation with a Post-IPO P/E of 25.14x is considered fully priced and requires sustained high growth in the coming years.
The company faces Intense Competition in the North Indian market against large established players like Medanta and Fortis Healthcare.
It carries Inorganic Growth Risk due to a high reliance on acquiring and successfully integrating distressed assets, which carries inherent operational and financial risks.
The high Contingent Liabilities and corporate guarantees (constituting 71.58% of Net Worth as of Sep 30, 2025) pose potential future financial strain.

Financial Performance

Period Ended	30 Sep 2025	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets (₹ Cr.)	2,320.93	2,133.7	1,912.1	1,592.82
Revenue (₹ Cr.)	823.39	1,425.97	1,263.08	1,272.18
PAT (₹ Cr.)	139.14	213.22	152.01	228.19
Net Worth (₹ Cr.)	1,153.05	1,021.86	815.98	667.55

Peer Comparison

Company	P/B Ratio	P/E Ratio	RONW (%)	Net Worth (₹ Cr.)
Park Medi World	6.09	25.14	20.68%	1,153.05
Apollo Hospitals	11.38	59.79	18.39%	8,653
Fortis Healthcare	7.11	64.57	10.75%	9,169

Subscription Details

Daily Bids Status

Category	Day 1	Day 2	Day 3
QIB	0.28x	0.34x	12.07x
NII	0.7x	1.46x	15.93x
S-HNI	0.96x	1.87x	11.12x
B-HNI	0.57x	1.26x	18.34x
RII	0.67x	1.27x	3.32x
Total	0.56x	1.05x	8.52x

Overall Subscription Statistics

Category	Shares Offered	Shares Bid	Bid Amount (₹ Cr)
QIB	1,13,58,026	13,71,09,808	2,221.18
NII	85,18,519	13,57,18,492	2,198.64
Small NII	28,39,507	3,15,62,900	511.32
Big NII	56,79,012	10,41,55,592	1,687.32
RII	1,98,76,543	6,60,00,616	1,069.21
Total	3,97,53,088	33,88,28,916	5,489.03

Company Details

Park Medi World Ltd.
12, Meera Enclave Near Keshopur, Bus Depot, Outer Ring Road, New Delhi, New Delhi-110018
+ 91 124 696 000
company.secretary@parkhospital.in
http://www.parkhospital.in/

Registrar Details

Kfin Technologies Ltd.
04067162222, 04079611000
parkmedi.ipo@kfintech.com
https://ipostatus.kfintech.com/

Frequently Asked Questions

What is the key strength of Park Medi World in North India?

Park Medi World is the second largest private hospital chain in North India and the largest private hospital chain in Haryana (with 1,600 beds), operating a network of 14 NABH-accredited multi-super speciality hospitals.

When will the Park Medi World IPO open and close for subscription?

The Park Medi World IPO will open on December 10, 2025, and close on December 12, 2025.

What is the primary use of the Fresh Issue proceeds?

The largest portion of the Fresh Issue funds (₹380.00 Cr) is dedicated to repayment/prepayment of outstanding borrowings, significantly strengthening the balance sheet and improving future profitability.

What is the IPO price band and tentative listing date?

The price band is ₹154.00 to ₹162.00 per share, and the tentative listing date on the BSE and NSE is December 17, 2025.

What is the valuation of the Park Medi World IPO based on recent performance?

The IPO is priced at a P/E ratio of 25.14x based on the annualized H1 FY26 PAT, which is considered aggressive by market experts.

What accreditations do Park Hospitals hold?

All 14 multi-super specialty hospitals are accredited by the National Accreditation Board for Hospitals & Healthcare Providers (NABH), and eight are also accredited by NABL.

Park Medi World IPO News & Updates

Follow the latest updates for Park Medi World IPO, including grey market moves and allotment news.

Park Medi World IPO IPO Pages

Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.

Park Medi World IPO Details

Issue size, price, financials, and company info

Park Medi World IPO GMP

Live grey market premium and listing estimate

Park Medi World IPO Subscription

QIB, NII, Retail, SHNI and BHNI subscription

Park Medi World IPO Allotment

Allotment date, chances, and check by PAN

Park Medi World IPO Review

SWOT, strengths, risks, and IPO review

Park Medi World IPO FAQ

Common questions on dates, GMP, and allotment

Park Medi World IPO Registrar

Registrar website and how to check allotment

Park Medi World IPO Timeline

Open, close, allotment, and listing dates

Park Medi World IPO News

Updates, blogs, and latest IPO news

Sources

We match Park Medi World IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.

SEBIRules for IPO allotment and disclosures in India
NSEExchange notices, bidding data, and listing updates
BSEExchange notices and IPO allotment check tools
RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
Kfin Technologies Ltd.Official site to check allotment status for this IPO

Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.

Reviewed by

Dinesh Agrawal · Lead IPO Analyst

15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.

Loading comments...