Park Medi World IPO: Park Medi World, a company that operates hospitals under the Park brand, is about to launch an initial public offering (IPO). The company has submitted preliminary documents to market regulator SEBI to raise Rs 1,260 crore through an IPO.
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Park Medi World IPO
According to the draft document filed with the Securities and Exchange Board of India (SEBI), new shares worth Rs 900 will be issued in this Park Medi World IPO. Promoter Ajit Gupta will offer the sale of shares worth Rs 300 crore.
Park Medi World IPO: What is the Company’s Plan?
Apart from this, the company may also consider pre-IPO allotment of up to Rs 192 crore. Once this allotment is completed, the amount raised will be reduced from the size of the new issue.
- The company plans to use Rs 410 crore of the Park Medi World IPO proceeds to repay debt and Rs 110 crore for capital expenditure related to the development of a new hospital and the expansion of an existing hospital.
- The company will purchase medical equipment worth Rs 77.19 crore, while the remaining funds will be used for new acquisitions and general company purposes.
- Its subsidiaries, Blue Havens and Ratnagiri. The remaining amount will be used for undisclosed inorganic acquisitions and general corporate purposes.
Second Largest Chain in North India
According to a report by Crisil, Park Medi World is the second largest private hospital chain in North India. It operates 13 multi-super specialty hospitals. These hospitals are located in New Delhi, Ambala, Gurugram, Karnal, Panipat, Palam Vihar, Sonipat and Faridabad in Haryana, Jaipur and Behror in Rajasthan and Patiala and Mohali in Punjab.
These are the managers: Nuwama Wealth Management, CLSA India, DAM Capital Advisors, and Intensive Fiscal Services are the book-running lead managers to the public issue.
3000-bed capacity: As of September 30, 2024, Park Medi World has a total capacity of 3,000 beds, including 805 ICU beds, as well as 63 OTs (operation theatres) and two dedicated cancer units.
Hospital chain Park Medi World files ₹1,260-crore IPO papers.https://t.co/7ENSHeyKFg
— The Hindu (@the_hindu) March 29, 2025
About the Company
The founder and chairman of the company, Dr. Ajit Gupta, started his professional journey in 1981 and set up a clinic in South Delhi. In this sense, the company is 44 years old. The company’s business is broadly classified into verticals like telecom, energy and information, communications and technology (ICT) sector. The company, in consultation with the bankers, may consider a further equity issue up to Rs 180 crore as pre-IPO placement. If this happens, the fresh issue size will be reduced.
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