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  5. Park Medi World IPO day 2: NIIs take lead as issue booked 94% so far; check all details

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Park Medi World IPO day 2: NIIs take lead as issue booked 94% so far; check all details

Ahana Chatterjee - image.jpg
By Ahana Chatterjee

3 min read | Updated on December 11, 2025, 16:16 IST

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SUMMARY

Until 4:15 PM, the issue has received bids for 39,292,280 shares compared to 41,818,182 shares on offer, according to the NSE data.

Established in 2000, Park Medi World Limited is the second-largest private hospital chain in North India.

Established in 2000, Park Medi World Limited is the second-largest private hospital chain in North India.

The initial public offering (IPO) of private hospital chain Park Medi World has seen a total subscription of 0.94 times so far on the second day on Thursday, December 11.
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Until 4:15 PM, the issue has received bids for 39,292,280 shares compared to 41,818,182 shares on offer, according to the NSE data.

  • Qualified Institutional Buyers (QIBs): 0.32x

  • Non-institutional Investors: 1.29x

  • Retail Individual Investors (RIIs): 1.14x

The IPO includes a fresh issue and an offer for sale with a price band set between ₹154 and ₹162 per share. Interested investors can choose a price within this band to apply for the IPO.

The IPO is a book-building issue, comprising a fresh issue of ₹770 crore and an offer for sale of ₹150 crore.

The minimum lot size for an application is 92 shares, and the investor will have to apply for a minimum of 1 lot. Meanwhile, the IPO issue size is approximately ₹920 crore.

Important dates

IPO, which opened for subscription on December 10, will close on December 12, 2025. After this, investors are expected to be updated about the allotment status on December 15, 2025.

Investors who have been allotted shares can expect them to be credited to their demat account on December 16, 2025. The shares will be listed on the NSE and the BSE on Wednesday, December 17, 2025.

Park Medi World Innovations IPO Objective

The money raised from the IPO will be used towards the following objectives:

Development of new hospitals (7.8%): The company will use ₹60.5 crore towards the development of a new hospital by our subsidiary Park Medicity (NCR).
Purchase of medical equipment (3.5%): The company will use ₹27.46 crore towards the purchase of medical equipment by the company and its subsidiaries.
Repayment of borrowings (49.3%): The company will use ₹380 crore towards prepayment in full or part of certain borrowings.
General corporate purposes (39.2%): Part of the IPO proceeds will be used for general corporate purposes and unidentified acquisitions. 

About Park Medi World Innovations

Established in 2000, Park Medi World Limited is the second-largest private hospital chain in North India, with an aggregate capacity of 3,000 beds, and the largest in Haryana, with 1,600 beds as of March 31, 2025. The company operates 14 NABH-accredited multi-super speciality hospitals, including 8 that are also NABL-accredited, spread across Haryana, New Delhi, Punjab and Rajasthan.

The company offers over 30 super speciality and speciality services, including internal medicine, neurology, urology, general surgery, gastroenterology, orthopaedics and oncology. It follows a cluster-based expansion model, leveraging proximity to improve resource sharing and operational efficiency. Acquired hospitals contributed 55.12% of revenue from operations in H1FY26, demonstrating strong integration capabilities.

Park Medi World IPO GMP

According to investorgain.com and media reports, Park Medi World’s unlisted shares are trading at ₹102.5 per share, reflecting a grey market premium (GMP) of 6.48% over the upper price band of ₹9.
Disclaimer: Grey Market Premium (GMP) is an unofficial indicator of market sentiment toward an IPO. It is not regulated by the stock exchanges or SEBI. Upstox does not endorse or facilitate trading in the grey market. Investors are advised to conduct their own research or consult an expert before making any investment decisions.
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About The Author

Ahana Chatterjee - image.jpg
Ahana Chatterjee is a business journalist with 7 years of experience across several leading news platforms. At Upstox, she covers stock markets and corporate news.

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