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Park Medi World's ₹920cr IPO is coming up soon

Business

Park Medi World, the group behind North India's Park Hospitals, is launching a ₹920 crore IPO from December 10 to 12, with the year "2025" inferred based on context.
Shares are priced between ₹154 and ₹162 each, and the company is aiming for a market cap close to ₹7,000 crore.
If you're curious about investing, the minimum lot will set you back around ₹14.9k.

What's the plan for all that money?

Most of the IPO funds will go toward paying down debt and expanding their hospital network—think new facilities and upgraded medical equipment.
The company already runs 14 hospitals with over 30 specialties, and business is looking strong: profits jumped over 23% this year, with revenues also on the rise.