Paras Healthcare Ltd - IPO

Paras Healthcare Ltd IPO Details

Initial public offering of up to [*] 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. [*] per equity share (including a share premium of Rs. [*] per equity share) (Offer Price) aggregating up to Rs. [*] crores (the Offer) comprising a fresh issue of up to [*] equity shares of face value of Re. 1 each aggregating up to Rs. 4,00.00 crores by the company (the Fresh Issue) and an offer for sale of up to 14,974,010 equity shares of face value of Rs. 1 each (Offered Shares) aggregating up to Rs. [*] crores comprising up to 2,928,320 equity shares of face value of Re. 1 each by Dharminder Kumar Nagar (the Promoter Selling Shareholder) aggregating up to Rs. [*] crores and up to 12,045,690 equity shares of face value of Re. 1 each by Commelina Ltd (the Investor Selling Shareholder, and together with the promoter selling shareholder, the Selling Shareholders) aggregating up to Rs. [*] crores (such offer for sale of equity shares of face value of Re. 1 each by the selling shareholders, the Offer for Sale). The face value of the equity shares is Re. 1 each. The offer price is [*] times the face value of the equity shares of face value of Re. 1 each. The price band and the minimum bid lot will be decided by the company.

Objective of issue

Prepayment or scheduled re-payment of a portion of certain outstanding borrowings availed by the company. Investment in its subsidiary Paras Healthcare (Ranchi) Pvt Ltd and Plus Medical Hospotals Pvt Ltd in the form of debt or equity for repayment/prepayment of borrowings in full or part of such subsidiaries. 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