Paras Healthcare Seeks ₹1,800 Crore Through IPO Filing with SEBI
Paras Healthcare files DHRP with SEBI to raise Rs 1,800 crore via its IPO
Business News India
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Paras Healthcare has submitted its draft red herring prospectus to SEBI for an IPO aiming to raise ₹1,800 crore. The offering includes a fresh issue of ₹500 crore and an offer for sale of ₹1,300 crore. The funds will be utilized for debt repayment and expansion plans.
- 01The total IPO size is ₹1,800 crore, comprising a fresh issue of ₹500 crore and an offer for sale of ₹1,300 crore.
- 02Paras Healthcare operates eight hospitals with a total capacity of 2,211 beds across five states and one union territory in India.
- 03The company plans to expand its capacity to 3,011 beds by March 31, 2028, with new hospitals in Gurugram and Ludhiana.
- 04Revenue from operations grew at a CAGR of 19.26% from ₹1,129.039 crore in FY24 to ₹1,605.952 crore in FY26.
- 05The book running lead managers for the IPO are JM Financial, BofA Securities India, and Nuvama Wealth Management.
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Paras Healthcare has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise ₹1,800 crore through its initial public offering (IPO). The offering includes a fresh issue of equity shares worth ₹500 crore and an offer for sale of ₹1,300 crore by the selling shareholder. The company operates under the Paras Health brand, providing tertiary and quaternary healthcare services with eight hospitals across five states and one union territory, totaling 2,211 beds. The funds raised will be utilized for repaying certain borrowings and investing in its subsidiary, PMHPL, which manages a hospital in Srinagar. Paras Healthcare also has plans to expand its operations with new hospitals in Gurugram and Ludhiana, aiming to increase its total bed capacity to 3,011 by March 31, 2028. Over the past three fiscal years, the company has reported significant revenue growth, with a CAGR of 19.26% and an EBITDA growth of 47.41%.
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The IPO is expected to enhance healthcare services in the regions where Paras operates, potentially improving access to tertiary and quaternary healthcare.
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