Park Medi World IPO Locks ₹154-162 Band: North India's Hospital Chain Eyes ₹920 Cr Haul

Park Medi World, backed by promoter Dr. Ajit Gupta (95.55% stake), runs multi-specialty hospitals in Haryana, Punjab, Delhi, and Rajasthan with 3,000 beds total. The IPO, reduced from ₹1,260 Cr in DRHP, features a one-day anchor on Dec 9, bids from Dec 10-12 (lots of 92 shares, min ₹14,904 retail), allotment Dec 15, and BSE/NSE listing Dec 17. Bookrunners include Nuvama, CLSA, DAM Capital, and Intensive Fiscal.​

Growth Momentum

FY24 revenue hit ₹1,263 Cr (up sharply), with EBITDA ₹1,042 Cr and PAT ₹152 Cr, yielding 60%+ ROE. Recent investors like Abakkus and SBI General hold 4.55%. Fresh proceeds fund capex, debt repayment; OFS by Dr. Gupta. Valuation at upper band: ~₹7,000 Cr market cap, P/E ~25x.​

Key Highlights

Size & Structure: ₹920 Cr (₹770 Cr fresh, ₹150 Cr OFS by promoter).​

Timeline: Anchor Dec 9; open Dec 10-12; list Dec 17.​

Quotas: Retail 35%, QIB 50%, NII 15%; lot 92 shares.​

Financials: FY24 revenue ₹1,263 Cr, PAT ₹152 Cr; P/B 6.09x.​

Sources: Moneycontrol, IPOCentral.in, Chittorgarh, Reuters