Park Medi World Ltd

Park Medi World Ltd Park Hospitals multispecialty chain across large swathes of North India. Its total bed capacity stands at 3,000 beds as of date across 14 super-specialty hospitals operated by the group. It offers a wide range of healthcare solutions including internal medicine, neurology, urology, gastroenterology, general surgery, orthopaedics, as well as Oncology. It also has 870 beds in its ICUs and a total of 67 Operating Theatres. Its hospital network is largely spread across the states of Haryana, Punjab and Rajasthan; with presence in Ambala, Gurugram, Panipat, Faridabad, Patiala, Mohali, Jaipur etc. 

The IPO will be a combination of a fresh issue and an offer for sale by the early investors. The fresh fund will be used to repay / prepay borrowings, fund capex for hospital expansion and for medical equipment; as well as for funding inorganic acquisitions. The promoters of the company are Dr Ajit Gupta and Dr Ankit Gupta. The OFS offering is by Dr Ajut Gupta, the promoter-shareholder. The issue is lead-managed by Nuvama Wealth, CLSA India, DAM Capital, and Intensive Fiscal. KFIN Technologies Ltd (KFINTECH) will be registrars to the IPO.  

Highlights of the IPO Issue

Here are the key highlights of the public issue of Park Medi World Ltd. 

1. The IPO of will be open from December 10th, 2025 to December 12th, 2025. It has a face value of ₹2 per share and IPO price band is set in range of ₹154 to ₹162 per share.
2. The IPO of Park Medi World Ltd will be a combination of a fresh issue of shares and an offer for sale by the promoters.
3. The fresh IPO portion comprises the issue of 4,75,30,864 shares (475.31 lakh shares), which at the upper price band of ₹162 per share translates into ₹770 crore.
4. The OFS of the IPO comprises the sale of 92,59,259 shares (92.59 lakh shares), which at the upper price band of ₹162 per share translates into ₹150 crore.
5. The overall IPO will comprise of the issue and sale of 5,67,90,123 shares (567.90 lakh shares), which at the upper price band of ₹162 per share translates into ₹920 crore. 

The IPO of Park Medi World Ltd will be listed on the NSE and the BSE on the IPO mainboard. The anchor allocation will happen a day ahead of IPO opening. 

Key Dates, Investor Allocation, And Lot Sizes

Here are the key dates pertaining to the IPO of Park Medi World Ltd 

Data Source: Company RHP 

Investors can apply either through their existing trading account or the ASBA application can be directly logged through the internet banking account. This can only be done through the authorized list of self-certified syndicate banks (SCSB).  

The table below captures the gist of the allocation to various categories. 

Data Source: Security Parameters Filing (NSE) 

The anchor portion, is carved out of the QIB portion and the QIB portion available in the IPO offer has been reduced proportionately. Please note that the above shares are final and may differ marginally from the original announcement. Here is a quick look at the lot sizes applicable for the IPO of Park Medi World Ltd for various categories of investors. 

It may be noted here that for the B-HNI category and for the QIB (qualified institutional buyer) category, there are no upper limits applicable. (1 Lot = 92 shares) 

Financial Highlights

The table captures the key financials of Park Medi World Ltd for last 3 financial years.  

Data Source: Company RHP filed with SEBI (FY refers to Apr-Mar period) 

The company, Park Medi World Ltd, has almost seen flat to steady sales revenues over the last 3 years. However, the net margins have been at attractive levels. The company has an asset heavy model, which is reflected in the low ROA and the low levels of asset turnover ratio, hinting at less-than-optimal sweating of assets. 

Valuation Metrics

The P/E ratio of the company at the IPO price of ₹162, works out to 29.2X if you consider the latest FY25 EPS of ₹5.55 per share. That is fairly reasonable valuations since most healthcare chains command much higher P/E valuations in the market. That is because, this is a business which has a long gestation but the payback also continues for much longer. The company also brings some additional advantages to the table like a near-leadership position in North India, combining quality and affordable healthcare as well as strong track record. The promoters are doctors so they do bring a deep understanding of healthcare. Investors can look at this IPO from a longer-term perspective, but ROA would the key metrics 

A Brief on the Anchor Allocation

The anchor issue of Park Medi World Ltd saw a strong response on 09th December 2025 with 28.95% of the IPO size absorbed by anchors. Out of 5,88,55,218 shares (588.55 lakh shares) on offer in the IPO, anchors picked up 1,70,37,036 shares (170.37 lakh shares) accounting for 28.95% of the total IPO size. The entire anchor allocation was made at the upper end of the price band of ₹162 per share. This includes the face value of ₹2 per share plus a share premium of ₹160 per share. The anchor bidding process opened and closed on 09th December 2025.  

Key Points to Note in the Anchor Allocation Process

Here are the key details pertaining to the anchor bidding of Park Medi World Ltd 

An anchor investor in an IPO is a qualified institutional buyer (QIB) like a foreign portfolio investor or mutual fund or insurance company or a sovereign fund which invests before the IPO is made available to the public as per SEBI regulations. It helps in price discovery. 

Anchor Allocation Investors

On 09th December 2025, Park Medi World Ltd allotted 1,70,37,036 shares to 23 anchor investors. The allocation was done at the upper IPO price band of ₹162 per share which resulted in overall anchor allocation of ₹276 crore. The anchors have already absorbed 28.95% of the total issue size of ₹953.45 crore. Listed below are the Top 10 IPO anchor investors who accounted for anchor collection of ₹208 crores, or, 75.36% of the overall anchor allocation of shares, one day ahead of the IPO of Park Medi World Ltd. The anchor bidding opened and closed on December 09, 2025. 

Data Source: BSE Filings (Value Allocated in ₹ in Crore) 

The detailed and comprehensive report on the anchor allocation with the mutual fund portion separated can be accessed on BSE by clicking on the link below. 

https://www.bseindia.com/markets/MarketInfo/DownloadAttach.aspx?id=20251209-71&attachedId=25310234-ea4c-4b3a-80c5-6f50c7947af4 

Out of the 1,70,37,036 shares allocated to the anchors in the IPO, there were a total of 95,67,908 shares allocated to mutual funds registered with SEBI. The allocation was made to 12 mutual fund schemes across 4 AMCs. Mutual funds accounted for 56.16% of the total anchor allocation of the IPO. AIFs, Insurance Companies and P-Notes were the most active in participating in the anchor allocation of Park Medi World Ltd. 

Next Step in the IPO

Post the closure of the IPO subscription on 12th December 2025, the basis of allotment will be finalized on 15th December 2025 and the refunds will be initiated on 16th December 2025. In addition, the demat credits are expected to also happen on 16th December 2025 and the stock will list on 17th December 2025 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 16th December 2025 under ISIN (INE119201023). 

IPO Subscription Status On Day-1

As of 5.15 pm on 10th December 2025, out of the 418.18 lakh shares on offer in the IPO (excluding anchor portion), Park Medi World Ltd saw bids for 219.00 lakh shares. This implies an overall subscription of 0.52X or 52% at a macro level. The granular break-up of subscriptions at close of Day-1 of the IPO of Park Medi World Ltd was as under: 

The subscriptions were led by the HNI / NII Investors followed by the Retail investors and the QIB investors in that order. QIB bids and NII bids typically gather most of the momentum on the last day, and that would be the case in this issue also. Both the QIB and the NII bids pick up momentum on the last day since that is when the bulk HNI funding bids, corporate bids, and the bulk QIB bids come in. The company saw robust anchor participation a day ahead of the IPO opening. Here is the category-wise subscription. The overall subscription ratio excludes anchor portion. 

Data Source: NSE / BSE (as of close of Day-1 of the IPO) 

The IPO is open up to December 12, 2025, at which point we will know the final subscription status of the IPO. 

IPO Subscription Status On Day-2

As of 5.30 pm on 11th December 2025, out of the 418.18 lakh shares on offer in the IPO (excluding anchor portion), Park Medi World Ltd saw bids for 411.33 lakh shares. This implies an overall subscription of 0.98X or 98% at a macro level. The granular break-up of subscriptions at close of Day-2 of the IPO of Park Medi World Ltd was as under: 

The subscriptions were led by the HNI / NII Investors followed by the Retail investors and the QIB investors in that order. QIB bids and NII bids typically gather most of the momentum on the last day, and that would be the case in this issue also. Both the QIB and the NII bids pick up momentum on the last day since that is when the bulk HNI funding bids, corporate bids, and the bulk QIB bids come in. The company saw robust anchor participation a day ahead of the IPO opening. Here is the category-wise subscription. The overall subscription ratio excludes anchor portion. 

Data Source: NSE / BSE (as of close of Day-2 of the IPO) 

The IPO is open up to December 12, 2025, at which point we will know the final subscription status of the IPO. 

IPO Subscription Status On Day-3

As of 7.15 pm on 12th December 2025, out of the 418.18 lakh shares on offer in the IPO (excluding anchor portion), Park Medi World Ltd saw bids for 3,388.31 lakh shares. This implies an overall subscription of 8.10X at a macro level. The granular break-up of subscriptions at close of Day-3 of the IPO of Park Medi World Ltd was as under: 

The subscriptions were led by the HNI / NII Investors followed by the QIB investors and the Retail investors in that order. QIB bids and NII bids typically gather most of the momentum on the last day, and that was the case in this issue also. Both the QIB and the NII bids typically pick up momentum on the last day since that is when the bulk HNI funding bids, corporate bids, and the bulk QIB bids come in. The company saw robust anchor participation a day ahead of the IPO opening. Here is the category-wise subscription.  

Data Source: NSE / BSE (as of close of Day-3 of the IPO) 

The IPO of Park Medi World Ltd was open up to December 12, 2025, and has closed for subscription as of the close of trading hours on December 12, 2025. The subscription ratios presented in the table above represent the final subscription numbers for each category and also for the IPO overall. Generally, the listing price of the IPO and the post-listing performance tend to get influenced by the extent of oversubscription of the IPO. However, it must also be noted that a higher subscription is not an automatic guarantee of a strong listing performance for the IPO stock. The final subscription ratio excludes the anchor portion. Total bids as of the close (including anchor allocation) stood at ₹5,765 crore. 

Park Medi World Ltd

The IPO of Park Medi World Ltd opened on December 10th, 2025 and closed on December 12th, 2025. The IPO comprised of a fresh issue and an offer for sale (OFS) of 5,88,55,218 shares (588.55 lakh shares) worth ₹953.45 crore at the upper band price of ₹162 per share. The allotment status will be finalized by EOD of December 15, 2025. Here is how to check allotment status for the IPO of Park Medi World Ltd. You can check IPO status on BSE or NSE or IPO Registrar website of KFIN Technologies Ltd (KFINTECH). 

Checking The Allotment Status of IPO on BSE Website

This is a common link for all mainboard IPOs. Click on BSE link for IPO allotment as below.  

https://www.bseindia.com/investors/appli_check.aspx 

Once you reach the page, here are the steps to follow. 

1. Under Issue Type – Select Equity Option 
2. Under Issue Name – Select Park Medi World Ltd from the drop-down box 
3. Enter the Application Number / CAF exactly as in the acknowledgement slip 
4. Alternatively, Enter your PAN (10-digit alphanumeric) number 
5. Once this is done, you need to click on the Captcha to verify you are not a robot 
6. Finally click on the Search Button 

You can use either of the parameters to query; Application / CAF number or Investor PAN. 

The allotment status will be displayed on the screen in front of you informing about the number of shares of Park Medi World Ltd allotted into your demat account. You can save a screenshot of the allotment status output for tallying with the demat account credits. 

Checking The Allotment Status of IPO on NSE Website

This is a common link for all IPOs. Click on NSE link for IPO allotment as below.  

https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids 

Once you reach the page, here are the steps to follow. 

1. Under Issue Type – Select Equity & SME IPO Details Option 
2. Under SELECT SYMBOL – Select PARKHOSPS from the drop-down box 
3. Enter the Application Number / CAF exactly as in the acknowledgement slip 
4. Enter your PAN (10-digit alphanumeric) number 
5. Once both are entered, click on the Submit Button 

You must input the Application / CAF number and the Investor PAN. 

The allotment status will be displayed on the screen in front of you informing about the number of shares of Park Medi World Ltd allotted into your demat account. You can save a screenshot of the allotment status output for tallying with the demat account credits. 

Checking Allotment Status of IPO on KFIN Technologies Ltd

Visit the website of KFIN Technologies Ltd, which has been appointed as the registrar for the issue. You can access their website for IPO status by clicking on the link below: 

https://kosmic.kfintech.com/ipostatus/ 

KFIN Technologies Ltd provides details of IPOs managed by them and where allotment status is finalized. Radio buttons allow you to opt to see all IPOs or just recent IPOs. The latter option reduces the list of IPOs to search. Once you click on Recent IPOs, dropdown shows recent active IPOs, where allotment status is finalized. Select Park Medi World Ltd.  

THERE ARE 3 WAYS TO QUERY ALLOTMENT STATUS ON KFIN TECHNOLOGIES LTD 

To Query by Application Number, check the appropriate box and follow these steps. 

1. Enter the Application Number as it is 
2. Enter the 6-digit Captcha Code 
3. Click on Submit button 
4. Allotment Status gets displayed on screen 

Unlike in the past, now you do not have to select ASBA versus Non-ASBA option. 

To Query by Demat Account, check the appropriate box and follow these steps. 

1. First select the depository (NSDL / CDSL) 
2. Enter the DP-ID (Alphanumeric for NSDL and Numeric for CDSL) 
3. Enter the Client-ID in the second box 
4. For NSDL, the Demat account is 2 strings; for CDSL it is just 1 string 
5. Enter the 6-digit Captcha Code 
6. Click on Submit button 
7. Allotment Status gets displayed on screen 

To Query by PAN, check the appropriate box and follow these steps. 

1. Enter the 10-Character PAN number, available on your PAN card 
2. After you enter the PAN number, Enter the 6-digit numeric Captcha Code 
3. Click on Submit button 
4. Allotment status gets displayed on screen 

If captcha code is not clear; toggle for more options. Retain a screenshot of the allotment status output for future reference. This can be tallied with demat credit post allotment.