GMP IPO Watch
Paras Healthcare IPO
Paras Healthcare IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Paras Healthcare IPO Details
Key facts at a glance| IPO Open Date | 20 October 2026 | IPO Close Date | 22 October 2026 |
|---|---|---|---|
| Basis of Allotment | 25 October 2026 | Listing Date | 27 October 2026 |
| Price Band | ₹660 - ₹693 per share | Face Value | ₹10 per share |
| Market Lot Size | 21 Shares | Min Investment (Retail) | ₹14,553 |
| Total Issue Size | ₹1,450 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | ₹500 Cr | Offer for Sale (OFS) | ₹950 Cr |
| Listing At | BSE, NSE | Issue Category | Mainboard Issue |
| Registrar | MUFG Intime India Pvt. Ltd. | ||
Paras Healthcare IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 20 October 2026 | Confirmed |
| IPO Close Date | 22 October 2026 | Confirmed |
| Basis of Allotment | 25 October 2026 | Tentative |
| Initiation of Refunds | 27 October 2026 | Tentative |
| Credit of Shares to Demat | 27 October 2026 | Tentative |
| IPO Listing Date | 27 October 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 23 October 2026 (5:00 PM) | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Paras Healthcare IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 1 Lot | 21 Shares | ₹14,553 |
| Retail (Max) | 13 Lots | 273 Shares | ₹1,89,189 |
| S-HNI (Min) | 14 Lots | 294 Shares | ₹2,03,742 |
| S-HNI (Max) | 68 Lots | 1,428 Shares | ₹9,89,604 |
| B-HNI (Min) | 69 Lots | 1,449 Shares | ₹10,04,157 |
Paras Healthcare IPO Live GMP & Movement History
Daily unofficial grey market trends₹27 +3.9%
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 28 Oct 2026 | ₹13 | ₹706.00 | +1.88% |
| 27 Oct 2026 | ₹11 | ₹704.00 | +1.59% |
| 26 Oct 2026 | ₹10 | ₹703.00 | +1.44% |
| 24 Oct 2026 | ₹11 | ₹704.00 | +1.59% |
| 23 Oct 2026 | ₹4 | ₹697.00 | +0.58% |
| 22 Oct 2026 | ₹15 | ₹708.00 | +2.16% |
| 21 Oct 2026 | ₹50 | ₹743.00 | +7.22% |
| 20 Oct 2026 | ₹95 | ₹788.00 | +13.71% |
| 19 Oct 2026 | ₹95 | ₹788.00 | +13.71% |
| 18 Oct 2026 | ₹95 | ₹788.00 | +13.71% |
| 17 Oct 2026 | ₹95 | ₹788.00 | +13.71% |
| 16 Oct 2026 | ₹90 | ₹783.00 | +12.99% |
| 15 Oct 2026 | ₹115 | ₹808.00 | 16.59% |
| 14 Oct 2026 | ₹75 | ₹768.00 | +10.82% |
Paras Healthcare IPO Subscription Status
Demand breakdown by investor categoryParas Healthcare Company Financials
Restated figures (₹ in Crores)| Period | Total Assets | Total Revenue | Total Expenses | Profit After Tax (PAT) |
|---|---|---|---|---|
| 2024 | 14,776.58 Cr. | 1151.02 Cr. | 1144.39 Cr. | 15.33 Cr. |
| 2025 | 18,104.51 Cr. | 1314.21 Cr. | 1364.24 Cr. | 57.99 Cr. |
| 2026 | 20,711.41 Cr. | 1628.79 Cr. | 1552.75 Cr. | 43.83 Cr. |
| Jun 2026 | 22,028.78 Cr. | 478.75 Cr. | 430.63 Cr. | 49.68 Cr. |
* Amounts reported in ₹ Crores as sourced from company regulatory filings (RHP/DRHP).
Paras Healthcare IPO Valuation & KPIs
Key metrics pre-issueParas Healthcare Peer Group Comparison
Listed industry peers| Company Name | P/E | EPS (₹) | RoNW (%) | NAV (₹) | Total Income |
|---|---|---|---|---|---|
| Aster DM Healthcare Limited | 95.90 | 7.53 | 9.70% | 88.32 | 4,643.22 Cr. |
| Apollo Hospitals Enterprise Limited | 60.02 | 135.04 | 21.95% | 657.58 | 25,228.50 Cr. |
| Fortis Healthcare Limited | 67.31 | 13.80 | 11.08% | 131.07 | 9,127.84 Cr. |
| Global Health Limited | 56.55 | 20.71 | 15.15% | 147.06 | 4,410.30 Cr. |
| Jupiter Lifeline Hospitals Limited | 43.98 | 29.59 | 13.41% | 235.50 | 1,499.79 Cr. |
| Krishna Institute of Medical Sciences Limited | 124.98 | 6.03 | 11.01% | 56.17 | 3,904.60 Cr. |
| Max Healthcare Institute Limited | 63.59 | 14.83 | 14.33% | 109.53 | 8,373.45 Cr. |
| Narayana Hrudayalaya Limited | 48.00 | 39.67 | 19.74% | 222.02 | 7,896.04 Cr. |
| Yatharth Hospital and Trauma Care Services Limited | 43.56 | 18.20 | 10.36% | 184.79 | 1,207.17 Cr. |
About Paras Healthcare
Paras Healthcare operates a network of multi-specialty tertiary care hospitals under the “Paras Health” brand, primarily focused on the healthcare markets of North India and East India. The company’s core business involves providing advanced healthcare services, including complex quaternary care and specialized therapeutic treatments. It manages eight operational hospitals across cities such as Gurugram, Patna, Panchkula, Ranchi, Udaipur, Srinagar, Darbhanga, and Kanpur, with a total bed capacity of 2,211 beds as of June 30, 2026. Paras Healthcare generates the majority of its revenue from in-patient department services, which include consultations, surgeries, and specialized treatments. The company’s revenue is heavily driven by six core clinical specialties: cardiac sciences, oncology, neurosciences, gastro sciences, orthopedics and sports injury, and renal sciences. Additionally, the company generates a smaller portion of its income through in-house pharmacy sales and outpatient consultations.
Paras Healthcare IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 21 Oct 2026 |
| IPO Close Date | 23 Oct 2026 |
| Basis of Allotment | 26 Oct 2026 |
| Refunds | 27 Oct 2026 |
| Credit to Demat Account | 27 Oct 2026 |
| IPO Listing Date | 28 Oct 2026 |
Note: The timeline for Paras Healthcare IPO is tentative and subject to change.
Paras Healthcare Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Repayment or prepayment of certain Company borrowings | 320.9 (64.18%) |
| Investment in Subsidiary PMHPL for borrowing repayment | 54.1 (10.82%) |
| General Corporate Purposes | 125 (25%) |
Note: Objectives are as specified in the DRHP/RHP documents of Paras Healthcare.
Paras Healthcare Company Financial Report
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 1151.02 Cr. | 1144.39 Cr. | 15.33 Cr. | 14,776.58 Cr. |
| 2025 | 1314.21 Cr. | 1364.24 Cr. | 57.99 Cr. | 18,104.51 Cr. |
| 2026 | 1628.79 Cr. | 1552.75 Cr. | 43.83 Cr. | 20,711.41 Cr. |
| Jun 2026 | 478.75 Cr. | 430.63 Cr. | 49.68 Cr. | 22,028.78 Cr. |
Note: Financial numbers for Paras Healthcare are in ₹ Crores unless stated otherwise.
Paras Healthcare Company Valuation & Key Performance Indicators
| KPI | Values |
|---|---|
| ROE | 12.98% |
| ROCE | 10.76% |
| EBITDA Margin | 20.60% |
| PAT Margin | 2.69% |
| Debt to Equity Ratio | 3.53 |
| Earning Per Share (EPS) | 4.34 (Basic) |
| Price/Earning P/E Ratio | - |
| Return on Net Worth (RoNW) | 12.98% |
| Net Asset Value (NAV) | 39.11 |
Note: Valuation KPIs for Paras Healthcare are computed for FY2026.
Paras Healthcare Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Aster DM Healthcare Limited | 7.53 | 95.90 | 9.70% | 88.32 | 4,643.22 Cr. |
| Apollo Hospitals Enterprise Limited | 135.04 | 60.02 | 21.95% | 657.58 | 25,228.50 Cr. |
| Fortis Healthcare Limited | 13.80 | 67.31 | 11.08% | 131.07 | 9,127.84 Cr. |
| Global Health Limited | 20.71 | 56.55 | 15.15% | 147.06 | 4,410.30 Cr. |
| Jupiter Lifeline Hospitals Limited | 29.59 | 43.98 | 13.41% | 235.50 | 1,499.79 Cr. |
| Krishna Institute of Medical Sciences Limited | 6.03 | 124.98 | 11.01% | 56.17 | 3,904.60 Cr. |
| Max Healthcare Institute Limited | 14.83 | 63.59 | 14.33% | 109.53 | 8,373.45 Cr. |
| Narayana Hrudayalaya Limited | 39.67 | 48.00 | 19.74% | 222.02 | 7,896.04 Cr. |
| Yatharth Hospital and Trauma Care Services Limited | 18.20 | 43.56 | 10.36% | 184.79 | 1,207.17 Cr. |
Note: Peer group comparisons for Paras Healthcare are sourced from DRHP filings.
Paras Healthcare IPO FAQs
Paras Healthcare IPO opens for subscription on 20 October 2026 and closes on 22 October 2026.
The price band for Paras Healthcare IPO is set at ₹660.00 to ₹693.00 per share.
The minimum market lot size is 21 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 21 Shares (₹14,553).
The latest Grey Market Premium (GMP) for Paras Healthcare IPO is ₹27.00. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Paras Healthcare IPO is tentatively scheduled for 25 October 2026, and shares are expected to list on the stock exchanges on 27 October 2026.
MUFG Intime India Pvt. Ltd. is the official registrar for Paras Healthcare IPO. Investors can check their IPO allotment status directly on the registrar's portal once finalized.