Paras Healthcare price band at ₹660 to ₹693 per share for ₹1,450 crore IPO
The IPO comprises a fresh issue of equity shares aggregating up to ₹ 500 crore and an offer for sale of equity shares aggregating up to ₹ 950 crore by the selling shareholder, the company said
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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