Last updated: Thu, Oct 22, 2026, 1:00 PM IST · mainboard IPO · NSE & BSE · Day 2 of 3
- Paras Healthcare IPO subscribed 0.22x overall on Day 2, up from 0.15x on Day 1
- Total bids: 26,81,700 shares against 1,20,83,331 shares on offer
- Category-wise: QIB —, NII 0.12x, Retail 1.04x
- Price band: ₹660 to ₹693 per share
- The issue closes on Fri, Oct 23, 2026
The Paras Healthcare IPO reached a subscription multiple of 0.22x on day 2 of 3 as of 1:00 PM IST on Thursday. The overall subscription multiple rose from 0.15x on the first day of the offer. Retail investors recorded the highest interest among all categories with a subscription multiple of 1.04x. This category led the movement in total bids, which increased to 26,81,700 shares from 17,81,619 shares on the previous day.
Paras Healthcare IPO Subscription Status: Day 2
Day-wise subscription
| Day | Date | Total bids (shares) | Bid value at upper band (₹ crore) | Subscribed (x) |
|---|---|---|---|---|
| Day 1 | Wed, Oct 21, 2026 | 17,81,619 | 123.47 | 0.15x |
| Day 2 | Thu, Oct 22, 2026 | 26,81,700 | 185.84 | 0.22x |
Category-wise subscription
| Category | Shares offered | Day 1 bids | Day 1 (x) | Day 2 bids | Day 2 (x) |
|---|---|---|---|---|---|
| QIB | 65,90,908 | 588 | — | 882 | — |
| NII | 32,95,454 | 2,54,562 | 0.08x | 3,99,000 | 0.12x |
| of which individual NII | — | 2,41,164 | — | 3,80,919 | — |
| of which corporate NII | — | 9,135 | — | 9,450 | — |
| of which other NII | — | 4,263 | — | 8,631 | — |
| Retail | 21,96,969 | 15,26,469 | 0.69x | 22,81,818 | 1.04x |
| Total | 1,20,83,331 | 17,81,619 | 0.15x | 26,81,700 | 0.22x |
Retail investors subscribed to 1.04x of their quota, while NII (non-institutional investors bidding above ₹2 lakh) reached 0.12x. QIB (qualified institutional buyers) have not yet recorded bids against their allocated portion. The increase in the overall subscription multiple was driven by retail participation, which moved from 0.69x on day 1 to 1.04x on day 2.
Intraday subscription
| As of | Total bids (shares) | Total (x) | QIB (x) | NII (x) | Retail (x) |
|---|---|---|---|---|---|
| 11:00 AM | 19,43,130 | 0.16x | 0.00x | 0.08x | 0.76x |
| 1:00 PM | 26,81,700 | 0.22x | — | 0.12x | 1.04x |
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 | 1,20,83,331 shares (₹837 crore) |
| Listing at | NSE & BSE |
| Lead managers | JM Financial Ltd., BofA Securities India Ltd., Nuvama Wealth Management Ltd. |
| Registrar | 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 operates under the Paras Health brand across North India, Bihar, and Jharkhand. The company focuses on providing specialized medical care in Tier 2 and 3 cities. Its service offerings include cardiac sciences, oncology, neuro sciences, gastro sciences, and orthopedics. The company serves self-pay patients, insurance providers, and government schemes, with healthcare services as its primary business segment.
Paras Healthcare Financial Highlights
| Metric | FY 2025-26 | FY 2024-25 | FY 2023-24 |
|---|---|---|---|
| Revenue 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 |
| EPS (₹) | 4.34 | -5.94 | -1.57 |
Revenue from operations grew to ₹1,605.95 crore in FY 2025-26 from ₹1,294.06 crore in FY 2024-25. Profit after tax reached ₹43.83 crore in FY 2025-26, compared to a loss of ₹-57.98 crore in FY 2024-25. Total borrowings rose to ₹323.43 crore in 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 operational risks including fire, natural disasters such as flooding, and potential medical negligence claims that could impact its business.
- The business relies on third-party suppliers, with the top 10 suppliers accounting for a significant portion of the company’s total supplies and equipment.
- The company operates in a highly regulated industry that is subject to pricing norms and potential changes in government laws and regulations.
- There are outstanding legal proceedings against the company, its subsidiaries, its promoter, and its directors that may impact the firm’s operations.
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 Thu, Oct 22, 2026, 1:00 PM IST and can change. IPO investments are subject to market risks; read the offer document carefully before investing.