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Park Medi IPO: ₹920 Cr Healthcare Expansion!
10 Dec
Summary
- Park Medi World aims to raise ₹920 crore through its IPO.
- The company plans to add 1,650 beds by FY28.
- ₹380 crore from IPO proceeds will repay debt.
Park Medi World, a prominent operator of 14 multi-super specialty hospitals under the Park brand across North India, has launched its Initial Public Offering (IPO). The company aims to raise ₹920 crore to fuel its ambitious expansion plans and bolster its financial standing. This includes a significant allocation of ₹380 crore towards debt repayment.
The healthcare provider is set for substantial growth, with plans to add 1,650 beds by FY28. This expansion will extend its reach across Uttar Pradesh, Delhi, Haryana, and Punjab, reinforcing its presence in the region. The IPO also includes an offer for sale component by promoter Dr. Ajit Gupta.
Analysts view the issue as reasonably priced, with Park Medi World offering stronger margins compared to its peers, despite past modest revenue growth. The company's robust financial strategy includes debt reduction and strategic capacity expansion, positioning it for future success in the healthcare sector.
