.webp&w=384&q=75){kind=logo}
Loading, please wait...
Loading, please wait...
Paras Healthcare Limited, which operates the popular 'Paras Health' brand, has filed its draft red herring prospectus (DRHP) with the capital markets regulator SEBI. The company aims to raise up to ₹1,800 crore through its initial public offering. Specifically, this upcoming Paras Healthcare IPO represents a major step in the hospital chain's expansion strategy across India. Investors and healthcare professionals are closely watching this development.
The proposed public issue is a mix of fresh capital and an offer-for-sale. According to the preliminary papers, the IPO comprises a fresh issue of equity shares aggregating up to ₹500 crore. Additionally, there is an Offer-For-Sale (OFS) of equity shares worth up to ₹1,300 crore by the selling shareholders. Consequently, the total issue size stands at ₹1,800 crore. Those selling shares in the OFS include promoter Dr. Dharminder Kumar Nagar and other key institutional investors. Therefore, the promoter will maintain a strong holding while allowing new investors to participate.
The Gurugram-based healthcare provider plans to deploy the proceeds strategically. First, the company will utilize ₹320.90 crore from the fresh issue to prepay or repay outstanding borrowings. Second, it plans to invest ₹54.10 crore in its wholly-owned subsidiary, PMHPL, to manage its debt obligations. The remaining amount will support general corporate purposes and IT infrastructure. Additionally, Paras Healthcare is on a strong growth trajectory. In fiscal year 2026, the company's revenue from operations reached ₹1,605.95 crore. Furthermore, its EBITDA stood at ₹335.58 crore during the same period, showing solid operational efficiency.
Currently, the hospital platform operates eight facilities across five states and one union territory. These locations include Haryana, Bihar, Uttar Pradesh, Rajasthan, Jharkhand, and Jammu & Kashmir. As of March 31, 2026, the network possesses an aggregate capacity of 2,211 beds. Specifically, the company plans to add a 300-bed hospital in Gurugram by fiscal year 2027. Additionally, it will establish a 500-bed hospital in Ludhiana by fiscal year 2028. Consequently, its total bed capacity will rise to 3,011 beds. This expansion will significantly enhance healthcare access in North India.
Q1: What is the total size of the Paras Healthcare IPO?
The total issue size of the IPO is up to ₹1,800 crore, which includes a fresh issue of ₹500 crore and an offer-for-sale (OFS) of ₹1,300 crore.
Q2: How does Paras Healthcare plan to use the IPO proceeds?
The company will use the fresh issue proceeds primarily for debt repayment of the parent company and its subsidiary, alongside general corporate purposes.
Q3: What is the current and projected bed capacity of Paras Health?
As of March 31, 2026, the company has 2,211 beds. However, with new hospitals in Gurugram and Ludhiana, capacity will rise to 3,011 beds by March 31, 2028.
Disclaimer: This content is for informational and educational purposes only. It does not constitute medical advice or replace professional judgment. Refer to the latest local and national guidelines for clinical practice.
References
Read summarized clinical updates, watch expert medical content, and earn CME certifications right from your smartphone.
Open your smartphone camera to scan and install.
Gurugram-based hospital network Paras Health plans to raise ₹1,800 crore through an IPO to fund expansion and repay outstanding borrowings....
last month
Andhra Pradesh reported 10 new Covid-19 cases, taking the state tally to 49 while deaths remain at four. With 24 patients hospitalized and 16 under home isolation, the Health Department has intensified monitoring. Medical professionals should review regional distribution, diagnostic protocols, and management plans.
Today
An 11-year Swedish registry study of 618 uterine sarcoma patients found that minimally invasive surgery yielded survival comparable to open surgery in early stages. However, adjuvant chemotherapy conferred no survival benefit in localized or advanced disease, highlighting stage and histology as key outcomes.
3 days back
A cross-sectional study evaluates post-intensive care syndrome in cardiac patients 2-4 weeks post-ICU discharge, highlighting cognitive, psychological, and functional impairments and the need for structured multidisciplinary rehabilitation.
3 days back
Anterior cruciate ligament reconstruction failure lacks uniform definition. A narrative review proposes an integrative framework incorporating objective and subjective instability, persistent pain, restricted motion, graft rupture, and secondary meniscal injury to standardize clinical reporting.
3 days back
With World Obesity Atlas data warning that over 41 million Indian children are overweight or obese, ICMR and NIN have unveiled a 10-point policy roadmap. The initiative calls for mandatory front-of-pack labeling, HFSS taxes, strict marketing bans, and healthier school environments to curb non-communicable diseases.
Today
