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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 and an OFS part.
According to investorgain, Park Medi World IPO GMP in early morning of Dec 12 is Rs 8.5. With the price band of Rs 162.00, Park Medi World IPO's estimated listing price is Rs 170.5 and the listing gain is 5.25%. The GMP stood at Rs 14 in early morning of Dec 11. It is significant that the GMP declined from a level of Rs 33 where it was on Dec 8 indicating that interest level of investors could be declining . 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 was fixed at Rs 154-162. For a retail investor, the smallest investible lot has 92 shares and it needs an application amount of Rs 14,904 (going by the upper end of the price band). For sNII investors the smallest lot size is 1,288 shares and the minimum lot 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. The shares will list on both BSE and NSE.
IPO bid closes: Today, 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 chain of hospitals are mainly located in Haryana, Delhi, Punjab, and Rajasthan. They have more than 30 super speciality and speciality services such as internal medicine, neurology, urology, gastroenterology, general surgery, orthopaedics, and oncology. They hospitals have a total of cumulative 3000 beds including 870 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.)
