New Delhi: Paras Healthcare Ltd, which operates hospitals below the ‘Paras Well being’ model, has filed preliminary papers with capital markets regulator Sebi to lift as much as Rs 1,800 crore by an preliminary public providing (IPO).
The proposed IPO contains a contemporary subject of fairness shares aggregating as much as Rs 500 crore and an Provide-For-Sale (OFS) of fairness shares price as much as Rs 1,300 crore by the promoting shareholder, in accordance with the draft purple herring prospectus (DRHP) filed on Thursday.
These promoting shares embrace promoter Dharminder Kumar Nagar and different traders.
The Gurugram-based firm intends to utilise the proceeds from the contemporary subject in direction of prepayment or reimbursement of sure excellent borrowings, funding in its wholly-owned subsidiary PMHPL for its debt fee, and for normal company functions.
Paras Healthcare is a medical specialty-led hospital platform offering tertiary and quaternary healthcare providers by a community of eight hospitals with an mixture capability of two,211 beds as of March 31, 2026.
The corporate has operations throughout 5 states and one union territory, together with Haryana, Bihar, Uttar Pradesh, Rajasthan, Jharkhand and Jammu & Kashmir.
The corporate plans to develop its community by including a 300-bed hospital in Gurugram and a 500-bed hospital in Ludhiana by fiscal years 2027 and 2028, respectively. With these additions, its whole mattress capability is predicted to rise to three,011 beds by March 31, 2028.
On a consolidated foundation, the corporate’s income from operations stood at Rs 1,605.95 crore in fiscal 2026, and EBITDA (working revenue) at Rs 335.58 crore through the interval.
Paras Healthcare had earlier approached Sebi with draft IPO papers in 2024 and secured regulatory clearance, however subsequently shelved its plans to launch the general public subject.
JM Monetary, BofA Securities India and Nuvama Wealth Administration are the book-running lead managers to the problem. The fairness shares are proposed for itemizing on the BSE and NSE. PTI
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