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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Prepayment or Repayment of Outstanding Borrowings
Prepayment or scheduled repayment, in full or in part, of certain outstanding borrowings availed by the Company
Investment in Subsidiary PMHPL for Debt Reduction
Investment in subsidiary Paras Mansarovar Healthcare Private Limited (PMHPL) for prepayment or repayment of its borrowings
General Corporate Purposes
Funding general corporate requirements and long-term business growth initiatives
(₹ in Crore)
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Paras Healthcare Limited, operating under the brand name 'Paras Health', is an established healthcare provider in North India, Bihar, and Jharkhand. Founded by Dr. Dharminder Kumar Nagar, the company opened its first hospital in Gurugram, Haryana, in 2006. Over the years, the organization has expanded its footprint to deliver comprehensive tertiary and quaternary clinical care, focusing primarily on underserved Tier-2 and Tier-3 urban clusters. As of June 30, 2026, the company operates eight multi-specialty hospitals with an aggregate capacity of 2,211 beds across Gurugram, Panchkula, Patna, Darbhanga, Kanpur, Udaipur, Ranchi, and Srinagar. Paras Health specializes in core high-complexity medical areas, known collectively as CONGOR: Cardiac sciences, Oncology, Neurosciences, Gastro sciences, Orthopedics and joint replacement, and Renal sciences. These core disciplines generate the major share of the hospital network's operational revenue. The company is actively executing an expansion plan to expand its bed capacity beyond 3,000 beds by Fiscal 2028. Upcoming capacity additions include a 300-bed facility in Gurugram and an upcoming 500-bed hospital project in Ludhiana, Punjab. The operational framework balances established flagship facilities with newer regional centers to drive long-term clinical reach and operating leverage.
Paras Healthcare Limited secured ₹652.50 crore from anchor investors on October 19, 2026, allocating 94,15,584 equity shares at the upper price band of ₹693 per share across 39 institutional funds. Domestic mutual funds were allotted 55,55,574 shares, representing approximately 59.00% of the aggregate anchor placement across 24 schemes. Prominent participating domestic asset managers include SBI Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Kotak Mahindra Mutual Fund, WhiteOak Capital, Motilal Oswal, Edelweiss, and Baroda BNP Paribas, alongside insurance institutions such as ICICI Prudential Life and Edelweiss Life. Global institutional participants featured the Abu Dhabi Investment Authority (ADIA), Eastspring Investments, and BlackRock funds including the BlackRock Global Funds India Fund.
Source: RHP • Analysis provided for informational purposes
Last Updated: 16 October 2026, 12:22 AM
Established Healthcare Brand in Underserved Markets
Leading healthcare network with 8 multi-specialty hospitals and 2,211 operational beds, strategically positioned in high-demand Tier-2 and Tier-3 cities in North and East India.
Comprehensive High-Complexity Clinical Focus
Specialized emphasis on core CONGOR disciplines including cardiology, oncology, neurosciences, and nephrology, driving resilient average revenue per occupied bed (ARPOB).
Experienced Promoter-Led Clinical Leadership
Led by Dr. Dharminder Kumar Nagar with decades of healthcare administration experience, backed by seasoned clinical department heads and medical professionals.
Disciplined Brownfield and Greenfield Expansion Strategy
Demonstrated track record of expanding capacity and acquiring operational assets, with plans to scale network capacity past 3,000 beds by FY28.
Regional Revenue Concentration
A significant majority of consolidated revenue originates from hospitals located in Haryana and Bihar, making operations sensitive to regional economic conditions.
Strict Regulatory and Healthcare Compliance Standards
Subject to stringent health sector regulations, licensing oversight, biomedical waste rules, and government price regulations on select procedures and medical devices.
Execution and Gestation Risks for New Hospital Projects
Upcoming hospital expansions in Gurugram and Ludhiana involve substantial capital expenditure, long gestation cycles, and potential execution delays.
Paras Healthcare Limited
1st Floor, Tower-B, Paras Twin Towers, Golf Course Road, Sector-54, Gurugram 122002, Haryana, India
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Intense Competition for Medical Talent
Faces significant competition from national hospital chains and standalone regional facilities for qualified doctors, surgeons, nursing personnel, and healthcare staff.