Paras Healthcare Limited, one of North India’s largest healthcare providers in Bihar and Jharkhand, plans to raise ₹1,450 Cr through an IPO.
[Fresh Issue ₹500 Cr + OFS ₹950 Cr]
Paras healthcare ipo price: ₹660–₹693 per share
Paras Healthcare: History
The Company was incorporated as Arbian Frozen Foods Pvt Ltd, a private limited company under the Companies Act, 1956, on December 21, 1987.
It was then converted into a public limited company on September 5, 2025, by a special resolution passed by the shareholders.
The Company changed its name to Paras Healthcare Limited, and the RoC issued a fresh certificate of incorporation on September 29, 2025.
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Paras Healthcare: Business
Paras_Healthcare_Limited is a clinical specialty-led hospital platform in India.
The hospital chain provides tertiary and quaternary healthcare services across North India, Bihar, and Jharkhand.
The hospitals are designed to deliver high-acuity care and offer treatments across a broad spectrum of clinical specialties, with a deep focus on –
- Cardiac Sciences,
- Oncology Sciences,
- Neuro Sciences,
- Gastro Sciences,
- Orthopedics & Sports Injury, and
- Renal Science.
As of June 30, 2026, the company operates 8 hospitals with an aggregate bed capacity of 2,211 beds across Darbhanga, Gurugram, Kanpur, Panchkula, Patna, Ranchi, Udaipur, and Srinagar.
Professional Team
As of June 30, 2026, the hospital chain had 5,315 professionals, including 1,084 doctors, 1,937 nurses, and 2,294 other personnel.
Expansion Plan
With an operating history of over 20 years, the company follows a balanced growth strategy through (1) mature, (2) emerging, and (3) new hospitals.
It plans to expand its network with a 500-bed hospital in Ludhiana and a 300-bed hospital in Gurugram, increasing total capacity to 3,011 beds by March 2028.
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Strategies Ahead
Scale operations at the hospitals.
Expand network of hospitals in north india whitespaces.
Expand into new and high-end clinical programs at the hospitals supported by advanced technology.
Attract and retain qualified and experienced clinicians.
Improve operational efficiencies and patient experience.
Company Promoters
- Dr. Dharminder Kumar Nagar
Refer to Paras Healthcare Limited DRHP for more information.
IPO Detail
ipo date: 21 Oct – 23 Oct 2026
Minimum Amount: ₹14,553
Minimum Bid: 21 Shares
Face Value: INR 1 per share
Listing On: NSE, BSE
Objects of the IPO
Prepayment or scheduled repayment, in full or part, of certain outstanding borrowings availed by the Company.
Investment in wholly owned Subsidiary, PMHPL, and repayment (prepayment) of borrowings, in full or part, of PMHPL.
General corporate purposes.
Financial
Book Running Lead Managers
JM Financial,
BofA Securities,
Nuvama Wealth Management
CONCLUSION
Considering financial performance and the nature of the business, FinBlab recommends a ‘NEUTRAL’ rating (for the time being) for the Paras Healthcare Limited IPO.
Do come back to learn more about “upcoming IPOs”.
IPO FAQ’s
What is Paras Healthcare Limited IPO?
Paras Healthcare IPO is a main-board Initial Public Offering of 2,09,23,520 equity shares.
MUFG Intime India Private Limited is the registrar for the IPO.
What is the Paras Hospital Owner Name?
Dr. Dharminder Kumar Nagar is the Promoter of the Company.
Dr. Nagar acquired the equity shares of the company from Arabian Exports Limited on June 27, 2003.
What is Paras Healthcare IPO date?
The IPO opens on Wednesday, October 21, 2026, and closes on Friday, October 23, 2026.
What is Paras Healthcare IPO issue Size?
Paras Healthcare IPO issue Size is ₹1,450 Crores.
List Paras healthcare ipo shareholder quota?
Its 75% for QIB, 15% for NII (HNI), and 10% for Retail investors.
What is Paras Healthcare Limited Credit Rating?
In Fiscal 2025, the Company’s credit rating for long-term bank facilities was downgraded by CARE Ratings from CARE BBB+ (Stable) to CARE BBB (Negative).
The credit ratings for long-term (short-term) bank facilities were downgraded from CARE BBB+ (Stable) / CARE A2 to CARE BBB (Negative) / CARE A3+.
How do i purchase an ipo?
One can purchase (apply) in the Paras Healthcare IPO online using either UPI or ASBA as a payment method.
ASBA IPO application is available in the net banking of your bank account.
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Disclaimer: This article is purely for informational purposes.
While much time and effort is made to provide the information, I (Vishal Dalwadi) or FinBlab do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.