Paras Healthcare IPO Day 1: Subscribed 0.03x; Retail Demand at 0.15x
Key Highlights
Paras Healthcare IPO (₹837 crore mainboard IPO) was subscribed 0.03x on Day 1 of 3, with Retail at 0.15x. See category-wise subscription and day-wise bids.
Last updated: Wed, Oct 21, 2026, 11:00 AM IST · mainboard · & · Day 1 of 3
- Paras Healthcare IPO subscribed 0.03x overall on Day 1
- Total bids: 3,70,671 shares against 1,20,83,331 shares on offer
- Category-wise: —, 0.01x, 0.15x
- Price band: ₹660 to ₹693 per share
- The issue closes on Fri, Oct 23, 2026
The Paras Healthcare IPO opened for subscription on day 1 of 3 trading days. The issue recorded an overall subscription multiple of 0.03x as of Wednesday, October 21, 2026, 11:00 AM IST. The retail category emerged as the most-bid segment, recording a subscription multiple of 0.15x.
Paras Healthcare IPO Status: Day 1
Day-wise subscription
| Day | Date | Total bids (shares) | Bid value at upper band (₹ crore) | Subscribed (x) |
|---|---|---|---|---|
| Day 1 | Wed, Oct 21, 2026 | 3,70,671 | 25.69 | 0.03x |
Category-wise subscription
| Category | Shares offered | Day 1 bids | Day 1 (x) |
|---|---|---|---|
| QIB | 65,90,908 | — | — |
| NII | 32,95,454 | 44,688 | 0.01x |
| of which individual NII | — | 43,218 | — |
| of which corporate NII | — | 882 | — |
| of which other NII | — | 588 | — |
| Retail | 21,96,969 | 3,25,983 | 0.15x |
| Total | 1,20,83,331 | 3,70,671 | 0.03x |
Retail investors led the subscription activity with 0.15x of their quota filled. Non-institutional investors, or NIIs bidding above ₹2 lakh, recorded a subscription multiple of 0.01x. Qualified institutional buyers, or QIBs, did not record any bids against the shares offered to them during the first day of the issue.
Paras Healthcare IPO Offer Details
| Field | Value |
|---|---|
| IPO date | Wed, Oct 21, 2026 to Fri, Oct 23, 2026 |
| Listing date | To be announced |
| Face value | ₹1 per share |
| Price band | ₹660 to ₹693 per share |
| Lot size | 21 shares |
| Total issue size | 2,09,23,520 shares (₹837 crore) |
| Listing at | NSE & BSE |
| Lead managers | JM Financial Ltd., BofA Securities India Ltd., Nuvama Wealth Management Ltd. |
| MUFG Intime India Pvt Ltd. |
About Paras Healthcare
Paras Healthcare Ltd. is a clinical specialty-led hospital platform providing tertiary and quaternary healthcare services. As per the DRHP, the company operates a network of eight hospitals with an aggregate bed capacity of 2,211 beds as of June 30, 2026. It functions under the Paras Health brand across North India, Bihar, and Jharkhand. The company serves self-pay patients, insurance providers, and government schemes. It focuses on clinical specialties including cardiac sciences, oncology, and neuro sciences. The firm operates with an asset-light model and has 18 years of experience in the healthcare industry.
Paras Healthcare Financial Highlights
| Metric | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| from operations (₹ crore) | 1,605.95 | 1,294.06 | 1,129.04 |
| Total income (₹ crore) | 1,628.78 | 1,314.21 | 1,164.41 |
| Profit after tax (₹ crore) | 43.83 | -57.98 | -15.33 |
| Net worth (₹ crore) | 394.94 | 280.49 | 338.51 |
| Total borrowings (₹ crore) | 323.43 | 227.55 | 148.38 |
| (₹) | 4.34 | -5.94 | -1.57 |
Revenue from operations grew from ₹1,294.06 crore in FY 2024-25 to ₹1,605.95 crore in FY 2025-26. Profit after tax rose from ₹-57.98 crore in FY 2024-25 to ₹43.83 crore in FY 2025-26. The debt-to-equity ratio stood at 0.82x at the end of FY 2025-26.
Objects of the Issue
| Purpose | Amount (₹ crore) |
|---|---|
| Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by our Com | 320.90 |
| Investment in our wholly owned Subsidiary, PMHPL (which also operates our hospital in Srinagar) | 54.10 |
Risk Factors as per the DRHP
- The company faces outstanding legal proceedings against the entity, its subsidiaries, promoter, and directors.
- The business relies on third-party suppliers, with the top 10 suppliers accounting for a significant portion of supplies and equipment.
- The firm operates in a highly regulated industry subject to pricing norms and potential changes in laws.
- Operational risks include fire, natural disasters such as flooding, and potential medical negligence claims.
- The company may face a potential inability to pass on increased costs due to inflation.
How to Check Paras Healthcare IPO Subscription Status
Live bidding figures are published by NSE & BSE while the issue is open. Once it closes, allotment status is published by the registrar, MUFG Intime India Pvt Ltd. (https://in.mpms.mufg.com/).
This article is for information only and is not investment advice. Subscription figures are based on exchange data as of Wed, Oct 21, 2026, 11:00 AM IST and can change. IPO investments are subject to market risks; read the offer document carefully before investing.