Paras Healthcare is making a renewed push to enter the public market with a proposed INR 1,800 crore IPO, aiming to expand its hospital bed capacity significantly by FY28.
The company’s IPO plan includes a fresh issue of INR 500 crore and an offer for sale of up to INR 1,300 crore by existing shareholders. This marks Paras Healthcare's second attempt to list on Indian stock exchanges in under two years, following a previous attempt that fell through despite regulatory approval in 2024.
Founded in 2006, Paras Healthcare has grown to become one of the largest hospital networks in North India, operating eight hospitals with a total of 2,211 beds. The company plans to enhance its capacity to 3,011 beds, with new facilities including a 300-bed hospital in Gurugram and a 500-bed facility in Ludhiana.
With over 1,000 doctors and 1,600 nurses, Paras Healthcare is equipped with advanced medical technologies such as surgical robots and PET-CT scanners. The fresh capital from the IPO is intended to reduce debt and fortify the company’s financial standing, enabling further growth and expansion in the healthcare sector.
This strategic move not only highlights the company's ambition but also underscores the growing demand for healthcare services in India, particularly in light of recent trends towards digital health solutions.