Paras Healthcare Sets 660-693 Rupee Price Band for October 21 IPO

what happened

Gurgaon-based Paras Healthcare has set a price range of 660 to 693 rupees per share for its initial public offering. Subscriptions open on October 21 and close on October 23, TradingView reported.

The deal totals up to 1,450 crore rupees, combining a fresh issue of up to 500 crore with a sale of existing shares worth up to 950 crore. Each share has a face value of 1 rupee. JM Financial, BofA Securities and Nuvama Wealth Management are handling the offering.

Managing director Dharminder Kumar Nagar told the Economic Times that proceeds will go toward prepaying or repaying some borrowings, investing in subsidiary Plus Medicare Hospitals, which runs a hospital in Srinagar, and general corporate needs. As of March 31, the company operated eight hospitals with 2,211 beds and ranks among the largest healthcare providers in Bihar and Jharkhand by bed count.

why it matters

This is a mid-sized listing tied to a single healthcare operator rather than a broad market event. Demand and the final price during the subscription window will show how much investors are willing to pay for hospital assets in India.

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