Paras Healthcare Ltd - IPO

Paras Healthcare Ltd IPO Details

Initial public offering of up to 20,923,520 equity shares of face value of Re. 1 each of Paras Healthcare Limited (the Company or the Issuer) for cash at a price of Rs. 693 per equity share (including a share premium of Rs. 692 per equity share) (Offer Price) aggregating up to Rs. 1450 Crores (the Offer) comprising a fresh issue of up to 7,215,007 equity shares of face value of Re. 1 each aggregating up to Rs. 500.00 Crores by the company (the Fresh Issue) and an offer for sale of up to 13,708,513 equity shares of face value of Rs. 1 each (Offered Shares) aggregating up to Rs. 950 Crores comprising up to 4,329,004 equity shares of face value of Re. 1 each aggregating up to Rs. 300 Crores by Dharminder Kumar Nagar (the Promoter Selling Shareholder) and up to 9,379,509 equity shares of face value of Re. 1 each aggregating up to Rs. 650 Crores by Commelina Ltd (the Investor Selling Shareholder, and together with the promoter selling shareholder, the Selling Shareholders) (such offer for sale of equity shares of face value of Re. 1 each by the selling shareholders, the Offer for Sale). The offer shall constitute [*]% of the post-offer paid-up equity share capital of the company.Price Band: Rs. 660 to Rs. 693 per equity share of face value of Rs. 1 each.The floor price is 660 times of the face value of the equity shares and the cap price is 693 times of the face value of the equity shares. Bids can be made for a minimum of 21 equity shares of face value of Rs. 1 each and in multiples of 21 equity shares of face value of Rs. 1 each thereafter.

Objective of issue

Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by the company. Investment in the company wholly owned Subsidiary, PMHPL (which also operates its hospital in Srinagar), for repayment/prepayment of borrowings, in full or part, of PMHPL. Geneal corporate purposes.

Paras Healthcare Ltd Contact Details

Paras Healthcare Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cs@parashospitals.com

Website - www.parashospitals.com