Park Medi World IPO Day 3: Last Chance to Apply Today!
Park Medi World IPO closes today. Price band ₹154–₹162. Retail, NII, QIB subscription updates and grey market GMP ₹14 per share.
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Park Medi World Limited's IPO has opened for bidding on December 10, 2025, but its subscription period will come to an end on December 12, the last day for this opening. The company has set a price range of Rs 154 to Rs 162 per share and is looking to raise a total of Rs 920 crore, out of which, Rs 770 crore will be through freshly issued shares. The remaining Rs 150 crore will be offered by promoters through the offer-for-sale (OFS) route.
In the grey market today, the shares of Park Medi World are trading at a premium of Rs 14 per share. This is a decline from the market yesterday, where the premium was Rs 23. The analysts point out that the primary reason for the dip in the last four days was a combination of the subdued secondary market performance and lower-than-expected subscription rates.
The public offering has been oversubscribed by 1.28 times as of 10:24 AM on the last day of the auction. Retail investors have taken the lead in the category with 1.42 times while the NII (non-institutional investors) segment has been subscribed up to 2.21 times, and qualified institutional investors (QIBs) have been the least involved with only 0.32 times subscription.
The major brokerage firms have issued a “subscribe” recommendation for the stock. When considering the highest price band, Anand Rathi said the valuation of the stock would be 32.8 times FY25 earnings with the market capitalization of Rs 53,559 million post-issue. The company mentioned the focal point of Park Medi World would be its efforts to extend hospital networks, mainly by acquiring new facilities, improving occupancy rates, and growing the staff of skilled medical practitioners.
The IPO was also supported by BP Equities, which projected a 5.4% revenue CAGR over the period from FY23 to FY25, owing to the growth of hospital business in Haryana, Delhi NCR, Punjab, and Rajasthan. The company is selling its shares at Rs 162, which would give it a P/E of 29.2 based on FY25 earnings, thus, the stock is considered good for investors with a long-term perspective.
The “subscribe” tag on the IPO has been placed by other investment houses as well, like Kunvarji Finstock, Lakshmishree Investment, Canara Bank Securities, Choice Broking, GEPL Capital, Nirmal Bang, Sushil Finance, and Swastika Investmart. They are of the same opinion that the company's programs to create a network, explore high-margin specialties, and mature hospitals providing operational leverage will definitely lead to steady growth.
Key Takeaways
- The Park Medical World IPO will be closed today, December 12, 2025.
- Price band: Rs 154 – Rs 162 per share.
- Total IPO size: Rs 920 crore; Rs 770 crore by new shares, Rs 150 crore by OFS.
- Grey market premium as of today: Rs 14 per share.
- Overall subscription so far at 10:24 AM: 1.28 times.
- Retail segment saw the subscription 1.42 times; NII 2.21 times; QIB 0.32 times.
- The brokerages suggest "Subscribe" in light of the financial performance and growth potential.
