Paras Healthcare ₹1,450-Crore IPO Opens October 21 At ₹660–₹693 Price Band, Check Listing Date & Issue Details
New Delhi/Mumbai, Oct 15: Paras Healthcare Ltd, which operates hospitals under the Paras Health brand, will launch its Rs 1,450-crore initial public offering (IPO) on October 21, with a price band of Rs 660-693 per share. The public issue will close on October 23, while the bidding for anchor investors will take place on October 19. The proposed IPO comprises a fresh issue of equity shares worth…
Paras Healthcare Limited has set the price band for its IPO at ₹660 to ₹693 per share, with an offer size of up to ₹1,450 crore. The funds will be utilized for debt repayment, investment in a subsidiary, and general corporate purposes. The IPO consists of a fresh equity issue of up to ₹500 crore and an offer for sale of up to ₹950 crore by a selling shareholder.
Bids must be in multiples of 21 shares, with a minimum of 21 shares. The shares will be listed on both the BSE and NSE, and JM Financial Limited, BofA Securities India Limited, and Nuvama Wealth Management Limited will act as the lead managers. Comments for the IPO must be in English, written as full sentences, and adhere to community guidelines.
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- Paras Healthcare price band at ₹660 to ₹693 per share for ₹1,450 crore IPO thehindubusinessline.com
