Paras Healthcare Limited’s price band has been fixed at ₹ 660 to ₹ 693 per equity share. The total offer size is up to ₹ 1450 crore, and it opens on Wednesday (October 21, 2026).
The company will use the funds raised for prepayment or scheduled re-payment, in full or part, of certain outstanding borrowings availed by the company; investment in the wholly owned subsidiary, Plus Medicare Hospitals Private Limited (which also operates its hospital in Srinagar), for repayment/prepayment of borrowings, in full or part, of this hospital; besides general corporate purposes, the company said.
The IPO comprises a fresh issue of equity shares aggregating up to ₹ 500 crore and an offer for sale of equity shares aggregating up to ₹ 950 crore by the selling shareholder, the company said.
Bids can be made for a minimum of 21 Equity Shares and in multiples of 21 Equity Shares thereafter, the company said. The anchor investor bidding date is Monday (October 19, 2026), it added. The shares will be listed on the BSE and NSE.
JM Financial Limited, BofA Securities India Limited and Nuvama Wealth Management Limited are the book running lead managers to the issue, the company said in a communique.