Park Medi IPO Allotment Today: GMP, Listing Date and How to Check Status Online

The allotment of shares for the Park Medi IPO is set to be finalised today, December 15, following strong investor participation during the subscription period. Attention has now shifted to allotment status, grey market premium (GMP) trends and the upcoming listing.

According to market observers, Park Medi IPO shares are currently trading at a grey market premium of ₹6.5, indicating moderate listing gains. Based on this GMP, the estimated listing price is around ₹168.5 per share, nearly 4% higher than the IPO issue price of ₹162.

Allotment, Refund and Listing Timeline

The refund process for unsuccessful bidders will begin on December 16, while shares will be credited to the demat accounts of successful applicants on the same day. Park Medi IPO is scheduled to list on both the NSE and BSE on Wednesday, December 17.

Park Medi IPO Subscription Status

The IPO received an overall subscription of 8.52 times. Retail investors subscribed their portion 3.32 times, while Non-Institutional Investors (NIIs) showed strong demand with 15.93 times subscription. The Qualified Institutional Buyers (QIBs) category was booked 12.07 times, reflecting healthy institutional interest.

Park Medi IPO GMP Today

The current GMP of ₹6.5 suggests cautious optimism. During the last 13 sessions, the GMP ranged between ₹0 and a high of ₹33, with recent trends pointing towards a modest premium at listing.

How to Check Park Medi IPO Allotment Status Online

Via BSE:

Visit the BSE IPO allotment page, select “Equity” as the issue type, choose “Park Medi World Ltd” from the dropdown, enter your application number or PAN, and click search.

Via NSE:

Go to the NSE IPO allotment section, click on “Equity & SME IPO bid details,” select the symbol “PARKHOSPS,” enter your application number and PAN, and submit.

Via Kfin Technologies:

Open the Kfin Technologies website, select “Park Medi World Ltd” from the IPO list, enter your demat account number, PAN or application number, and submit to view the status.

Park Medi IPO Details

The IPO was open for subscription from December 10 to December 12. It comprised a fresh issue of 4.75 crore shares worth ₹770 crore and an offer-for-sale of 93 lakh shares valued at ₹150 crore. The price band was fixed between ₹154 and ₹160 per share, with a minimum retail investment of ₹14,904.

Park Medi World operates a hospital network across North India and plans to utilise IPO proceeds for expansion, debt repayment and general corporate purposes. Nuvama Wealth Management acted as the lead manager, while Kfin Technologies served as the registrar.

Disclaimer: This content is for informational purposes only and does not constitute investment advice.