
Healthcare · NSE / BSE
Paras Healthcare Limited, incorporated in December 1987 as Arbian Frozen Foods Private Limited, is a clinical specialty-focused hospital platform providing tertiary and quaternary healthcare services across North India, Bihar and Jharkhand under the “Paras Health” brand. As of March 31, 2026, the company operated eight hospitals with a combined capacity of 2,211 beds across Gurugram, Panchkula, Patna, Darbhanga, Kanpur, Udaipur, Ranchi and Srinagar. Its key clinical specialties include cardiac sciences, oncology, neurosciences, gastro sciences, orthopedics and sports injury, and renal sciences, collectively contributing 74.70% of revenue in Fiscal 2026. With more than 20 years of operating experience, Paras Healthcare follows a balanced expansion strategy covering mature, emerging and new hospitals. The company plans to add a 300-bed hospital in Gurugram and a 500-bed hospital in Ludhiana, taking its total bed capacity to 3,011 by March 2028. As of March 31, 2026, the company had 4,670 employees, including 1,011 doctors and 1,665 nurses.
Price Band
₹660 – ₹693
Issue Size
₹1450 Cr
Lot Size
21 shares
GMP
+1.9%
Est. Listing
₹706
at current GMP
Subscribed
2.34x
overall
Open
21 Oct 2026
Close
23 Oct 2026
Allotment
26 Oct 2026
Refund
27 Oct 2026
Demat Credit
28 Oct 2026
Listing
28 Oct 2026
Overall Subscription
2.34x
Total Demand
QIB Multiplier
3.25x
Institutions & Funds
NII / HNI
0.69x
High Net-Worth
Retail (RII)
2.10x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 6,277,056 | 20,381,592 | 3.25x |
| NIB | 3,138,528 | 2,166,507 | 0.69x |
| HNIs(10L +) | 2,092,352 | 1,289,883 | 0.62x |
| HNIs (2-10L) | 1,046,176 | 876,624 | 0.84x |
| RETAIL | 2,092,352 | 4,395,678 | 2.10x |
| Total | 14,646,464 | 29,110,284 | 2.34x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| RETAIL | 99,636 | 149,413 | 1.50x |
| HNIs(10L +) | 7,117 | 724 | 0.10x |
| HNIs (2-10L) | 3,558 | 2,526 | 0.71x |
| Total Applications | 110,311 | 152,663 | 1.38x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Paras Healthcare Limited is bringing an initial public offering (IPO) in the Healthcare sector with an aggregate issue size of ₹1,450 Crores. The shares are offered at a price band of ₹660 to ₹693 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 21 shares (approx. ₹14,553 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2026-10-28, while un-allotted funds or UPI block mandates will be released on 2026-10-27.
The latest Grey Market Premium (GMP) for Paras Healthcare Limited IPO is ₹13 per equity share. Based on the upper price band of ₹660 to ₹693 per equity share, the estimated listing price is ₹706 (+1.9% expected listing gain).
With a lot size of 21 shares and current GMP of ₹13, the expected profit per application lot is approx ₹273 (+1.9% gain). Minimum application cost is approx ₹14,553.
The Paras Healthcare Limited IPO aggregate issue size is ₹1,450 Crores with an equity price band set at ₹660 to ₹693 per equity share. The retail lot size is 21 shares requiring a minimum capital outlay of approx. ₹14,553.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 2.34x (Retail: 2.10x, QIB: 3.25x, NII: 0.69x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2026-10-26. Investors can verify status using PAN card or application number.
Paras Healthcare Limited shares are scheduled to list on NSE and BSE on 2026-10-28.