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Kolkata: On Dec 10, the first day of the bidding process, Park Medi World IPO was subscribed 0.56 times overall -- 0.67 times in the retail category, 0.28 times in QIB (Ex Anchor) category and 0.70 times in the NII category. Park Medi World owns and runs a hospital chain in north India under the Park brand. The issue intends to mobilise Rs 920 crore through a combination of fresh issue of 4.75 crore shares aggregating to Rs 770.00 crore and an OFS part of 0.93 crore shares worth Rs 150.00 crores. The bidding window closes on Friday, Dec 12, 2025.
Park Medi World IPO managed to mop up Rs 276 crore from anchor investors. The list of anchor investors featured prominent AMCs such as Kotak Mutual Fund (MF), Allianz Global Investors Fund, Taurus MF, Reliance General Insurance Company and Societe Generale. A total of 1.70 crore equity shares were placed with 23 funds at Rs 162 per share.
As recorded by investorgain, Park Medi World IPO GMP stood at Rs 14 in early morning of Dec 11. Considering a price band of Rs 162.00, the estimated listing price of the shares is Rs 176 and the listing gain 8.64%. It is significant that the GMP declined from a level of Rs 33 where it was on Dec 8. However, it must also be noted that GMP is an unofficial indicator and can change quickly with time and cannot guarantee any listing gain (or loss).
Park Medi World IPO price band is Rs 154-162. The smallest investible lot for a retail investor contains 92 shares for which he/she has to arrange for Rs 14,904 going by the upper end of the price band. The smallest lot size for sNII investors is 1,288 shares and that for bNII category of investors is 6,256 shares. Nuvama Wealth Management is the book running lead manager and Kfin Technologies is the registrar to the issue.
IPO bid closes: Dec 12
Cut-off time for UPI mandate confirmation: 5 pm on Dec 12
Allotment: Dec 15
Refund: Dec 16
Credit of shares to demat: Dec 16
Listing: Dec 17
Park Medi World's hospitals are located in Haryana, Delhi, Punjab, and Rajasthan. It offers more than 30 super speciality and speciality services such as internal medicine, neurology, urology, gastroenterology, general surgery, orthopaedics, and oncology. They hospitals have a cumulative 870 bedded intensive care unit (ICU) beds and 67 operating theatres.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, precious metals, commodity, any form of alternative investment instruments and crypto assets.)
