Paras Healthcare
CMR Green IPO subscribed 127x; Paras Healthcare files for ₹1,800-cr IPO
CMR Green's IPO was subscribed 127 times, boosting hopes of a primary market revival as Sebi cleared five new IPOs and Paras Healthcare filed draft papers
 "CMR Green IPO subscribed 127x; Paras Healthcare files for ₹1,800-cr IPO")
Paras Healthcare plans ₹1,800 crore IPO, files draft papers with Sebi
Paras Healthcare Ltd, which operates hospitals under the 'Paras Health' brand, has filed preliminary papers with capital markets regulator Sebi to raise up to Rs 1,800 crore through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares aggregating up to Rs 500 crore and an Offer-For-Sale (OFS) of equity shares worth up to Rs 1,300 crore by the selling shareholder, according to the draft red herring prospectus (DRHP) filed on Thursday. Those selling shares include promoter Dharminder Kumar Nagar and other investors. The Gurugram-based company intends to utilise the proceeds from the fresh issue towards prepayment or repayment of certain outstanding borrowings, investment in its wholly-owned subsidiary PMHPL for its debt payment, and for general corporate purposes. Paras Healthcare is a clinical specialty-led hospital platform providing tertiary and quaternary healthcare services through a network of eight hospitals with an aggregate capacity of
 "Paras Healthcare plans ₹1,800 crore IPO, files draft papers with Sebi")
Paras Health plans to operate upwards of 2,300 beds in North India by FY25
With this, Paras Health is aiming to operate upwards of 2,300 beds in North India by the end of FY 2025
 "Paras Health plans to operate upwards of 2,300 beds in North India by FY25")
Creador picks up a minority stake in Paras Healthcare for Rs 275 cr
Chain focuses on providing affordable health care services to North India's middle-income segment
 "Creador picks up a minority stake in Paras Healthcare for Rs 275 cr")