
Park Medi World Limited is the second-largest private hospital chain in North India, operating a network of 14 NABH-accredited multi-super specialty hospitals under the 'Park' brand. As of March 31, 2025, the company has an aggregate bed capacity of 3,000 beds, making it the largest private hospital chain in Haryana with 1,600 beds. The company provides over 30 super specialty and specialty services, including internal medicine, neurology, cardiology, and oncology, focusing on delivering high-quality and affordable medical services. Park Medi World has expanded its footprint through both organic growth and strategic acquisitions, integrating eight hospitals into its network.
Dec 10, 2025
Dec 12, 2025
Dec 17, 2025
Mainboard
Closed
920 Cr
770 Cr
150 Cr
₹154 - ₹162
92
The main objectives of the Fresh Issue are to utilize the Net Proceeds for the following purposes:
Repayment or prepayment, in full or in part, of certain outstanding borrowings availed by the company and its subsidiaries, amounting to an estimated ₹380.00 crores, to reduce indebtedness and interest outflow.
Funding capital expenditure for the development of a new hospital in Rohtak by its subsidiary, Park Medicity (NCR), with an estimated amount of ₹60.50 crores.
Funding capital expenditure for the purchase of new advanced medical equipment by the company and its subsidiaries, Blue Heavens and Ratangiri, for hospitals in Panchkula, Ambala, and Jaipur, totaling an estimated ₹27.46 crores.
Funding unidentified inorganic acquisitions and addressing general corporate purposes, with the combined amount not exceeding 35% of the Gross Proceeds.
29.21
5.55
20.68%
17.47%
20.08%
—
15.3%
26.71%
6.09
Second largest private hospital chain in North India and the largest in Haryana by bed capacity.
Proven track record of successfully acquiring and integrating hospitals to expand its network.
Delivers high-quality, affordable healthcare with a diverse specialty mix, including advanced robotic surgery.
Demonstrates strong and consistent operational and financial performance with a diversified payor mix.
High dependency on doctors and medical professionals, with a significant doctor attrition rate of 33.72% as of September 2025.
Geographic concentration risk, with a significant portion of revenue derived from hospitals located in Haryana.
History of related party transactions, which may present potential conflicts of interest.
Experienced a decline in revenue from operations and restated profit after tax in Fiscal 2024 compared to Fiscal 2023.
The Indian healthcare delivery industry is expected to grow at a CAGR of 10-12% by Fiscal 2029.
North India's healthcare market is projected to be the fastest-growing region, creating significant expansion potential.
Increasing health insurance coverage and government schemes like Pradhan Mantri Jan Arogya Yojana are driving healthcare demand.
Opportunity for inorganic growth through acquisitions in a fragmented healthcare market.
Extensive and evolving government regulations in the healthcare sector can impact pricing, costs, and operations.
Intense competition from other established hospital chains and local healthcare providers in North India.
Contingent liabilities, including tax demands and corporate guarantees, could adversely affect financial health if they materialize.
Risks associated with the successful completion and integration of proposed new hospitals and future acquisitions.