Park Medi World IPO: Big buzz with 150% retail subscription
Park Medi World's IPO wrapped up its third day fully subscribed, with bids for 5.67 crore shares against 4.18 crore on offer—about a 136% overall subscription rate.
Retail investors showed strong interest, subscribing to 150% of their quota, while non-institutional investors hit 240%, and institutional buyers came in at 32%.
What does Park Medi World do?
Founded by Dr. Ajit Gupta, Park Medi World runs 14 NABH-accredited multi-specialty hospitals across Haryana, Punjab, Rajasthan, and Delhi.
With 3,000 beds as of March 2025 (over half in Haryana), they're aiming to scale up their operations.
Other key details
The ₹920 crore IPO includes a fresh issue for expansion and debt repayment—think new hospitals and upgraded equipment.
However, the gray market premium has cooled off lately (now around 5-7%, down from over 20%), and the company could be valued at roughly ₹5,356 crore if shares price at the top end (₹162 each).