Paras Healthcare gets SEBI`s nod to raise Rs 1,800 crore through IPO
Paras Healthcare has received the Securities and Exchange Board of India’s (SEBI) approval to raise Rs 1,800 crore through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares aggregating up to Rs 500 crore and an Offer-For-Sale (OFS) of equity shares worth up to Rs 1,300 crore by the selling shareholder.
The company proposes to utilise the proceeds from the fresh issue towards prepayment or repayment of certain outstanding borrowings, investment in its wholly-owned subsidiary PMHPL for its debt payment, and for general corporate purposes. JM Financial, BofA Securities India and Nuvama Wealth Management are the book-running lead managers to the issue. The shares of the company are proposed to be listed on BSE and NSE.
Paras Healthcare is a clinical specialty-led hospital platform providing tertiary and quaternary healthcare services through a network of eight hospitals with an aggregate capacity of 2,211 beds as of March 31, 2026.
