Paras Healthcare’s IPO Opens On Oct 21

Paras Healthcare’s Initial Public Offer: Price Band fixed at Rs660 to Rs693

(L -R) Dilip Bidani, Group Chief Financial Officer, Paras Healthcare Limited; Dr. Dharminder Kumar Nagar, Managing Director, Paras Healthcare

FinTech BizNews Service    

Mumbai, 14 October, 2026: Paras Healthcare Limited (the “Company”), shall open the Bid/Offer in relation to its initial public offer (the “Offer”) of Equity shares on Wednesday, October 21, 2026.

The price band of the Offer has been fixed at Rs660 to Rs693 per Equity Share. (“Price Band”).

Bids can be made for a minimum of 21 Equity Shares and in multiples of 21 Equity Shares thereafter. (“Minimum Bid Lot”).

(L -R) Yogesh Hede, JM Financial; Dilip Bidani, Group CFO, Paras Healthcare; Dr. Dharminder Kumar Nagar, MD, Paras Healthcare; Sayantan Bhattacharyya, Associate, BofA Securities India; Priti Sahay, Nuvama Wealth Management

The Anchor Investor Bidding Date shall be Monday, October 19, 2026. The Bid/Offer shall open on Wednesday, October 21, 2026.    

The Offer comprises a fresh issue of equity shares aggregating up to Rs500 crore and an offer for sale of equity shares aggregating up to Rs950 crore by the selling shareholder. The total offer size is up to  Rs1450 crore. The face value of each equity share is Rs 1.  

The Equity Shares of face value of Rs1 each to be offered through the Red Herring Prospectus are proposed to be listed on the stock exchanges being BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”, and together with the BSE, the “Stock Exchanges”).

The Company proposes to utilize the net proceeds towards:

• Prepayment or scheduled re-payment, in full or part, of certain outstanding borrowings availed by the company;
• Investment in the wholly owned subsidiary, Plus Medicare Hospitals Private Limited (“PMHPL”) (which also operates its hospital in Srinagar), for repayment/prepayment of borrowings, in full or part, of PMHPL and;
• General corporate purposes

JM Financial Limited, BofA Securities India Limited and Nuvama Wealth Management Limited are the book running lead managers to the issue.