Paras Healthcare Limited

Minimum Investments

₹13,860

Price Range

₹660 - ₹693

Issue Size

₹1,450.00 Cr

Lot Size

21shares

Proceeds of this IPO to be used for

Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by the company

Investment in its subsidiaries, Paras Healthcare (Ranchi) Private Limited and Plus Medicare Hospitals Private Limited, in the form of debt or equity for repayment/prepayment of borrowings, in full or part, of such subsidiaries

General corporate purposes

Strengths & Weaknesses

Asset light business model

The company has built an asset-light business with different operating models that include owned hospitals, hospitals it operates on a revenue-sharing basis, hospitals taken on a long-term lease, and those operated through a public-private partnership arrangement.

Diversified operations

The company offers a wide range of specialties across its hospitals, providing comprehensive medical treatments and serving as a one-stop solution for the healthcare requirements of its patients.

Capital-efficient & flexible operating model

The company operates its hospitals through a mix of owned, leased, revenue-sharing, and public-private partnership models, enabling efficient capital deployment and long-term operational control. This flexible approach supports faster expansion, lower capital intensity, and disciplined growth while maintaining focus on financial returns and scalability across its hospital network

Dependent on few operations

The company generates a significant portion of its revenues from the provision of cardiac sciences, oncology, neurosciences, and gastro sciences specialties. Any changes in technology could render such offerings obsolete and could adversely affect its business, and financial condition.

Dependent on third party suppliers

The company sources its supplies and equipment from third-party suppliers. Failure of such third parties to meet their obligations could adversely affect the results of operations and cash flows.

Talent retention risk

The company’s operations are highly dependent on doctors, nurses, healthcare professionals, and support staff, making talent attraction and retention critical to its growth. High employee attrition and intense competition for skilled medical professionals could disrupt operations and adversely affect its business performance and financial condition

Financials

Income Statement

Also called a profit and loss statement, an income statement shows a company’s income, expenses, and how much profit or loss it has made over a specific accounting period. It provides a clear view of how well the business is running.

Particulars (in Cr)	Jun 2026	Q/Q Change
Operating Revenue	470.28	+27.66%
Other Income	8.47	+45.03%
Total Income	478.75	+27.93%
Total Expenditure	365.27	+18.62%
EBIDT	113.48	+71.14%
Depreciation	35.11	+7.86%
Interest	30.25	+8.35%
Tax	-1.56	-122.71%
Net Profit	49.68	-4,970.59%

Balance Sheet

A balance sheet is a financial statement that details a company’s assets, liabilities, and shareholders’ equity at a given time. It helps assess how financially strong and stable the company is.

Particulars (in Cr)	Mar 2026
Total Current Assets	774.89
Total Non-Current Assets	1,296.25
Fixed assets	1,234.73
Total Assets	2,071.14
Total Current liabilities	718.42
Total Non Current Liabilities	957.78
Total Equity Plus Liabilities	2,071.14
Total Shareholder Funds	394.94
Total Debt to Equity	216.00%

Cash Flow

Cash flow highlights the cash or cash equivalents moving in and out of a company during a particular period. It provides a clear picture of how well a company manages its cash by tracking its operating, investing and financing activities.

Particulars (in Cr)	Mar 2026
Cash from Operating Activity	163.51
Cash from Financing Activities	85.89
Cash from Investing Activities	-239.41
Net Cash Flow	9.99

About the Company

Paras Healthcare was incorporated on December 21, 1987. It is the fifth largest healthcare provider in terms of bed capacity in North India, Bihar, and Jharkhand. The company has eight hospitals that operate under the “Paras Health” brand, which are spread across five states and one union territory in North India.

Promoter
Dharminder Kumar Nagar

FAQs for Paras Healthcare Limited IPO

Paras Healthcare Limited IPO refers to the initial public offering of shares by Paras Healthcare Limited. It is a process by which the company offers its shares to the public for the first time, allowing individuals to become shareholders.

For Paras Healthcare Limited IPO the issue size is ₹1,450 Cr. The issue size is the total value of the shares offered to the public. It represents the amount the company aims to raise through the IPO.

For Paras Healthcare Limited IPO the minimum investment is ₹13.9 K. The minimum investment for Paras Healthcare Limited IPO is the smallest amount an individual can invest to participate in the offering. It is usually determined by the company and regulatory requirements.

For Paras Healthcare Limited IPO the lot size is 21 shares. The lot size of Paras Healthcare Limited IPO refers to the number of shares that investors need to bid for and purchase in a single transaction. It is predetermined by the company and regulators.

To apply for Paras Healthcare Limited IPO on PhonePe Invest, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the Paras Healthcare Limited IPO from the list and click on apply now. Place your bids or choose the Cut-off Price option. Enter your UPI ID and set up your mandate to place your application.

Yes, investors can often pre-apply for some of the IPOs. Pre-application allows individuals to express their interest in participating in the IPO before the official subscription period begins. To pre- apply for Paras Healthcare Limited IPO on PhonePe Invest, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the Paras Healthcare Limited IPO from the list and click on pre-apply now. Once the IPO opens for subscription you can enter your UPI ID and set up your mandate to place your application.

The IPO application window typically remains open for 3 days, starting from the date of the IPO opening. However, this duration can vary depending on the specific IPO and the regulatory requirements.

You can apply for the IPO till 3 PM on the last day of application on PhonePe Invest.

For Paras Healthcare Limited IPO the allotment date is 26 Oct 2026. The allotment date of Paras Healthcare Limited IPO is the date on which shares are allocated to the successful bidders. It marks the distribution of shares to investors.

For Paras Healthcare Limited IPO, the subscription opens on 21 Oct 2026 and closes on 23 Oct 2026. The open and close dates of an IPO indicate the period during which investors can submit their bids to participate in the offering.