PARK MEDI WORLD LIMITED FILES DRHP WITH SEBI FOR UP TO RS. 1260 CRORE IPO

Park Medi World limited (“the Company”), operating a network of 13 NABH accredited multi-super specialty hospitals under the ‘Park’ brand, has filed its Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”). The Company plans to raise funds through offer of equity shares (face value ₹2 each) through initial public offerings aggregating up to ₹12600 million (₹1260 Crore).

The offer comprises of fresh issue of equity shares aggregating up to ₹9600 million (₹960 crore) (The “Fresh Issue”) and offer for sale by Selling Shareholders aggregating up to ₹3000 million (₹300 Crore) (The “Offer for Sale”).

Park Medi World is the second largest private hospital chain in North India with an aggregate bed capacity of 3,000 beds, and the largest private hospital chain in terms of bed capacity in Haryana with 1,600 beds located in the state as of September 30, 2024. (Source: CRISIL Report)

The Equity Shares that will be offered through the Red Herring Prospectus are proposed to be listed on the BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”). (The “Listing Details”)

Nuvama Wealth Management Limited, CLSA India Private Limited, DAM Capital Advisors Limited and Intensive Fiscal Services Private Limited are the Book Running Lead Managers to the issue. (The “BRLMs”)