Paras Healthcare IPO Price: ₹660 to ₹693 per share
IPO Dates: 21 to 23 Oct, 2026
Company Overview
Incorporated in 1987, Paras Healthcare Limited is a clinical specialty-led hospital platform providing tertiary and quaternary healthcare services across North India, Bihar and Jharkhand under the Paras Health brand. As of June 30, 2026, the Company operated eight hospitals across Gurugram, Panchkula, Patna, Darbhanga, Kanpur, Udaipur, Ranchi and Srinagar, with an aggregate bed capacity of 2,211 beds.
Clinical Specialties
The Company specialises in cardiac sciences, oncology, neurosciences, gastro sciences, orthopedics and sports injury, and renal sciences, collectively referred to as CONGOR specialties. These specialties contributed 75.30% of the Company’s revenue in Fiscal 2026.
Hospital Network and Operations
With over 20 years of operating history, Paras Healthcare follows a balanced growth strategy across mature, emerging and new hospitals. Its hospital network serves patients across North India, Bihar and Jharkhand.
Expansion Plans
The Company plans to expand its network through a 300-bed hospital in Gurugram and a 500-bed hospital in Ludhiana. These additions are expected to increase its total bed capacity to 3,011 beds by March 2028.
Workforce
As of March 31, 2026, the Company had 4,670 employees, including 1,084 doctors and 1,937 nurses.
Competitive Strengths
- Established healthcare presence across North India, Bihar and Jharkhand.
- Network of eight hospitals with an aggregate capacity of 2,211 beds.
- Paras Health brand backed by over 20 years of operating experience.
- Focus on high-acuity CONGOR specialties.
- Balanced portfolio of mature, emerging and new hospitals.
- Strong occupancy growth and operational efficiency.
- Expansion pipeline targeting a capacity of 3,011 beds by FY28.
- Advanced clinical infrastructure and standardised care protocols.
Bidding Starts In
Paras Healthcare Limited IPO Specifics:
| IPO Date | 21 to 23 Oct, 2026 |
| Listing Date | Wed, Oct 28, 2026 |
| Face Value | ₹1 per share |
| Price Band | ₹660 to ₹693 |
| Lot Size | 21 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,09,23,520 shares (agg. up to ₹1,450 Cr) |
| Fresh Issue | 72,15,007 shares (agg. up to ₹500 Cr) |
| Offer for Sale | 1,37,08,513 shares of ₹1 (agg. up to ₹950 Cr) |
| Share Holding Pre Issue | 10,09,86,187 shares |
| Share Holding Post Issue | 10,82,01,194 shares |
Paras Healthcare Limited IPO Timetable (Important Dates)
| Event | Date |
|---|---|
| IPO Open | Wed, Oct 21, 2026 |
| IPO Close | Fri, Oct 23, 2026 |
| Allotment | Mon, Oct 26, 2026 |
| Refund | Tue, Oct 27, 2026 |
| Credit of Shares | Tue, Oct 27, 2026 |
| Listing | Wed, Oct 28, 2026 |
Paras Healthcare Limited IPO Lot Size
Bidders have the opportunity to bid for a minimum of 21 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 21 | ₹14,553 |
| Retail (Max) | 13 | 273 | ₹1,89,189 |
| S-HNI (Min) | 14 | 294 | ₹2,03,742 |
| S-HNI (Max) | 68 | 1428 | ₹9,89,604 |
| B-HNI (Min) | 69 | 1449 | ₹10,04,157 |
Paras Healthcare Limited IPO Reservation
| Investor Category | Shares |
|---|---|
| QIB | Not more than 75% of the Net Offer |
| Retail | Not less than 10% of the Offer |
| NII | Not less than 15% of the Offer |
Paras Healthcare Limited IPO Financial Information
| Particulars (₹ Cr) | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 2,202.88 | 2,071.14 | 1,810.45 | 1,477.66 |
| Total Income | 478.75 | 1,628.78 | 1,314.21 | 1,151.02 |
| Profit After Tax | 49.68 | 43.83 | -57.98 | -15.33 |
| EBITDA | 113.48 | 335.58 | 156.46 | 154.41 |
| NET Worth | 444.96 | 394.94 | 280.49 | 338.51 |
| Reserves and Surplus | 434.86 | 384.84 | 270.73 | 328.75 |
| Total Borrowing | 1,429.49 | 1,393.86 | 1,232.12 | 923.92 |
Key Performance Indicator-Paras Healthcare Limited IPO
| KPI | Jun 30, 2026 | Mar 31, 2026 |
|---|---|---|
| ROE | 11.83% | 12.98% |
| ROCE | 4.23% | 10.76% |
| Debt/Equity | 3.21 | 3.53 |
| RoNW | 11.83% | 12.98% |
| PAT Margin | 10.38% | 2.69% |
| EBITDA Margin | 23.70% | 20.60% |
| NAV | 44.06 | 39.11 |
| P/B (x) | 15.73 | 17.72 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 4.34 | 18.37 |
| P/E (x) | 159.68 | 37.72 |
| Market Cap at Offer Price | ₹6,998.34 Cr. | ₹7,498.34 Cr. |
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
Paras Healthcare Limited IPO DRHP
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