Paras Healthcare IPO fully subscribed on day 3
The retail investors' category is subscribed 1.80 times, while the portion for qualified institutional buyers receives 1.41 times subscription
Paras Healthcare's initial public offering (IPO) saw full subscription on its third day of bidding, according to National Stock Exchange (NSE) data. The IPO received bids for 1,50,71,364 equity shares, which was 1.25 times the 1,20,83,331 shares available for subscription. Retail investors were subscribed 1.80 times, while qualified institutional buyers received 1.41 times subscription.
Non-institutional investors garnered 55% subscription. The company generated ₹652.5 crore from anchor investors, including Abu Dhabi Investment Authority, BlackRock, and Eastspring Investments. The IPO price band was set at ₹660-693 per share. Paras Healthcare, based in Gurugram, will list its equity shares on October 28. The public issue will conclude on October 23, with proceeds used to repay debt.
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- Abu Dhabi fund joins Paras Healthcare IPO investors thearabianpost.com
