Park Medi World shares debut at discount after IPO
Park Medi World, a major healthcare chain, hit the stock market this Wednesday but opened below its IPO price—shares listed at ₹155.60 on BSE and ₹158.80 on NSE, both slightly under the ₹162 IPO mark.
The company raised ₹920 crore through its IPO, with most of it coming from new shares and a chunk offered by promoter Ajit Gupta.
What does the company do?
Park Medi World runs 14 multi-specialty hospitals in India, offering 3,000 beds and holding the title of Haryana's largest private hospital chain.
With the fresh funds, they're planning to pay off loans, expand their NCR campus (Park Medicity), buy new medical equipment, and grow further through acquisitions.
Other details
The IPO was open for bids from December 10-12 with shares priced between ₹154-162 each (minimum lot: 92 shares).
The allotment wrapped up on December 15.