Paras Healthcare IPO

More about the IPO

Issue size Rs. 0 Cr
Price band Rs. 0 to 0 per equity share
Bid lot 0 shares and in multiples thereof
Issue break-up QIB - Rs. 0.0 Cr
HNI - Rs. 0.0 Cr
RET - Rs. 0.0 Cr
Registrar
Listing at

Company Details

We are the fifth largest healthcare provider in terms of bed capacity in North India, Bihar and Jharkhand among our Peers, with an aggregate of 2,135 beds, as of March 31, 2024. (Source: CRISIL Report) We have eight hospitals that we operate under the “Paras Health” brand, which are spread across five states and one union territory in North India – Gurugram and Panchkula in Haryana; Patna and Darbhanga in Bihar; Kanpur, Uttar Pradesh; Udaipur, Rajasthan; Ranchi, Jharkhand; and Srinagar in the union territory of Jammu and Kashmir.

 

Our core focus is on providing specialized tertiary medical care in Tier 2 and 3 cities, while seeking to strike a balance between providing quality healthcare services and affordability. We offer several clinical specialties across our hospitals including cardiac sciences, oncology, neuro sciences, gastro sciences and orthopedics and joint replacement. We have established centres of excellence across our hospitals, where we provide clinical specialties and these centres have been instrumental in launching new programs including organ transplant programs.

We established our first hospital in Gurugram, Haryana in 2006 with 200 beds and a vision to provide affordable, accessible and quality healthcare services in North India and serve our patients with compassion. Since then, we have consistently identified attractive opportunities in the healthcare industry, set up our hospitals and focused on ramping up our operations. Over the years, we have successfully identified underserved markets with large catchment areas and high demand for healthcare services, a lack of good hospitals in the region as well as proximity to medical colleges to source quality medical professionals.

As a result of our knowledge of the North India market and focus on identifying and entering markets early, we have had a first mover advantage in regions where our hospitals have been setup - our hospital in Gurugram was the first corporate hospital entrant among our Peers in 2006 in the city and our hospital in Srinagar is the largest private hospital in the city in terms of bed capacity with 200 beds. (Source: CRISIL Report)

Our hospitals have also received various accreditations - our Gurugram hospital was the first hospital in Haryana to receive accreditations from the National Accreditation Board for Hospitals and Healthcare Providers (“NABH”) in 2009, our Patna hospital was the first hospital in Bihar to receive NABH accreditation in 2016 and our Udaipur hospital was the third hospital in Udaipur to receive NABH accreditation in 2021.

 

 

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  • Under the EQUITY dropdown option, tap IPO/OFS/BOND to land on the IPO dashboard.
  • Click on the Current IPO tab and select the IPO of your choice.
  • On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
  • Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form.
  • Read and accept the Terms & Conditions and click on the SUBMIT button. Recheck the details on the order confirmation screen and confirm the order.
  • Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well.
  • Log in to your UPI app and go to the pending mandates section.
  • Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
  • Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.

Note: The actual amount will be debited when the shares are allotted to you.

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  • Log in to the Mirae Asset Sharekhan website and click the IPO & OTHERS menu option you see on the top-right.
  • From the list of Active IPOs, select the IPO of your choice
  • On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
  • Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form. Read and accept the Terms & Conditions and click on the SUBMIT button.
  • Recheck the details on the order confirmation screen and confirm the order.
  • Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well. Log in to your UPI app and go to the pending mandates section.
  • Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
  • Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.
  • Your IPO order will now appear on your Mirae Asset Sharekhan Order Book, from where you can modify or cancel your IPO bid if you so wish.

Note: The actual amount will be debited when the shares are allotted to you.

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An IPO offers share market participants like you and me an opportunity to be a shareholder in an erstwhile privately held company that is now going public and being listed on the market. Historically speaking, investors who choose the right IPOs make significant returns on their investments, which increases the attraction of IPOs.

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