Paras Healthcare files DRHP with SEBI for IPO

Prameyanews English

Published By : Chinmaya Dehury | August 1, 2024 5:18 PM

Paras Health

Mumbai, Aug 01: Paras Healthcare Limited, the fifth largest healthcare provider in terms of bed capacity in North India, Bihar and Jharkhand has filed Draft Red Herring Prospectus (DRHP) with SEBI for an Initial Public Offering (IPO). 

 Paras Healthcare Limited is the fifth largest healthcare provider in terms of bed capacity in North India, Bihar and Jharkhand among the Peers, with an aggregate of 2,135 beds, as of March 31, 2024. It operates eight hospitals under the “Paras Health” brand, which are spread across five states and one union territory in North India – Gurugram and Panchkula in Haryana; Patna and Darbhanga in Bihar; Kanpur, Uttar Pradesh; Udaipur, Rajasthan; Ranchi, Jharkhand and Srinagar in the union territory of Jammu and Kashmir. 

Paras Healthcare focuses on providing specialized tertiary medical care in Tier 2 and 3 cities, while seeking to strike a balance between providing quality healthcare services and affordability. Paras Healthcare offers several clinical specialties across hospitals including cardiac sciences, oncology, neuro sciences,gastro sciences and orthopedics and joint replacement.

 The Public Offer comprises of a fresh issue of equity shares of up to ₹400 crores and an offer for sale (OFS) of up to 14,974,010 equity sharesby the “Selling Shareholder” (The “Offer for Sale”) with face value of ₹1 each equity share. 

The offer for sale comprises of 2,928,320 Equity shares of face value of ₹1 each by Dr. Dharminder Kumar Nagar (The “Promoter Selling Shareholder”) and up to 12,045,690 Equity shares of face value of ₹1 each by Commelina Ltd (The “Investor Selling Shareholder” and together with the Promoter Selling shareholder the “Selling Shareholders”) (Such offer for sale of equity shares of face value of ₹1 each by the Selling Shareholders the “Offer for Sale”).


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