Paras Healthcare sets IPO band ahead of Oct. 21 opening
The hospital operator set a price range of 660-693 per share for an offering that will run from October 21 to 23.
Key takeaways
- Paras Healthcare set its IPO price band at 660-693 per share.
- The offering includes a fresh issue of up to 500 crore and an offer for sale of up to 950 crore.
Paras Healthcare set a price band of 660-693 per share for its IPO, which will be open for subscription from October 21 to 23.
The offering includes a fresh issue worth up to 500 crore and an offer for sale of up to 950 crore, for a total issue size of 1,450 crore.
Managing director Dharminder Kumar Nagar told The Economic Times that proceeds will be used to prepay or repay certain borrowings, invest in subsidiary Plus Medicare Hospitals, and support general corporate purposes.
The company operated eight hospitals with 2,211 beds as of March 31, according to the report. Plus Medicare Hospitals operates a hospital in Srinagar.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
