IPO Alert: Park Medi Day 2 Fire – 56x Sub, GMP Crash – Jump In?

North India's multi-super specialty hospital chain Park Medi World sees tempered Day 2 momentum in its ₹920 Cr IPO (Dec 10-12, ₹154-162 band). Grey market premium slipped to ₹14 (9%), implying listing near ₹176 vs Day 1's higher 13% buzz, per ET reports.​

Subscription hit 0.56x (2.24 Cr shares bid vs 3.98 Cr offered), led by retail (0.67x) and NII (0.70x), while QIBs lag at 0.28x. Anand Rathi rates "Subscribe-Long Term" for expansion in tier-2/3 markets, PMJAY tailwinds (CAGR 10-12%).​

Key Highlights:

GMP Today: ₹14 (9%); expected listing ₹176-183.​

Subscription: Overall 0.56x; Retail 0.67x, NII 0.70x, QIB 0.28x.​

Issue Details: ₹920 Cr (fresh ₹770 Cr + OFS ₹150 Cr); lot 92 shares (₹14,904).​

Valuation: P/E 32.8x FY25; mcap ₹5,356 Cr post-issue.​

Recommendation: Long-term buy for healthcare growth; monitor QIB pickup.​

Sources: Economic Times, Chittorgarh, Goodreturns.