Paras Healthcare Ipo
Paras Healthcare IPO Review & Key Points
Review:
IPO Lead Managers aka Merchant Bankers
JM Financial Limited
BofA Securities India Limited
Nuvama Wealth Management Limited
| Name of the Company | Face Value (₹) | EPS basic (₹) | EPS Diluted (₹) | RONW (%) | P/E Ratio | NAV (₹) |
| Powerica Limited | 5 | 15.26 | 15.26 | 15.37 % | 24.45 | 99.76 |
| Listed Peers | ||||||
| Cummins India Limited | 2 | 72.15 | 72.15 | 26.45% | 64.13 | 272.78 |
| Kirloskar Oil Engines Limited | 2 | 33.71 | 33.60 | 15.85% | 43.24 | 212.60 |
| NTPC Green Energy Limited | 10 | 0.67 | 0.67 | 2.58% | 129.40 | 21.88 |
| Acme Solar Holdings Limited | 2 | 4.55 | 4.53 | 5.59% | 50.74 | 74.54 |
| Adani Green Energy Limited | 10 | 8.37 | 8.37 | 11.90% | 101.53 | 76.62 |
| IPO Open Date | 2026 |
| IPO Close Date | 2026 |
| Face Value | ₹1 Per Equity Share |
| IPO Price Band | ₹[.] to ₹[.] Per Share |
| Issue Size | Approx ₹1800 Crores |
| Fresh Issue | Approx ₹500 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type | Book Build Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
| Application | Lot Size | Shares | Amount |
| Retail Minimum | – | – | ₹- |
| Retail Maximum | – | – | ₹- |
| S-HNI Minimum | – | – | ₹- |
| S-HNI Maximum | – | – | ₹- |
| B-HNI Minimum | – | – | ₹- |
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 75% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 10% |
| Anchor Bidding Date | 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | 2026 |
| lock-in period end date 50% shares (90 Days) | 2026 |
| IPO Open Date: | 2026 |
| IPO Close Date: | 2026 |
| Basis of Allotment: | 2026 |
| Refunds: | 2026 |
| Credit to Demat Account: | 2026 |
| IPO Listing Date: | 2026 |
| IPO Bidding Cut-off Time: | 2026 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | – | -% |
| Promoter Holding Post Issue | – | -% |
| Purpose | Crores |
| Prepayment or scheduled re-payment, in full or part, of certain outstanding borrowings availed by the Company | ₹320.90 |
| Investment in the wholly owned Subsidiary, PMHPL (which also operates the hospital in Srinagar), for repayment/prepayment of borrowings, in full or part, of PMHPL | ₹54.10 |
| General Corporate Purpose | ₹- |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2022 | ₹1151.02 | ₹1144.39 | ₹15.33 | ₹1477.66 |
| 2023 | ₹1314.21 | ₹1364.24 | ₹57.98 | ₹1810.45 |
| 2024 | ₹1628.78 | ₹1552.75 | ₹43.83 | ₹2071.14 |
| KPI | Values |
| ROE: | 12.98% |
| ROCE: | 10.76% |
| EBITDA Margin: | 20.60% |
| PAT Margin: | 2.69% |
| Debt to equity ratio: | 3.53 |
| Earning Per Share (EPS): | ₹4.34 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 12.98% |
| Net Asset Value (NAV): | ₹39.11 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Aster DM Healthcare Limited | 7.53 | 95.90 | 9.70% | 88.32 | 4,643.22 Cr. |
| Apollo Hospitals Enterprise Limited | 135.04 | 60.02 | 21.95% | 657.58 | 25,228.50 Cr. |
| Fortis Healthcare Limited | 13.80 | 67.31 | 11.08% | 131.07 | 9,127.84 Cr. |
| Global Health Limited | 20.71 | 56.55 | 15.15% | 147.06 | 4,410.30 Cr. |
| Jupiter Lifeline Hospitals Limited | 29.59 | 43.98 | 13.41% | 235.50 | 1,499.79 Cr. |
| Krishna Institute of Medical Sciences Limited | 6.03 | 124.98 | 11.01% | 56.17 | 3,904.60 Cr. |
| Max Healthcare Institute Limited | 14.83 | 63.59 | 14.33% | 109.53 | 8,373.45 Cr. |
| Narayana Hrudayalaya Limited | 39.67 | 48.00 | 19.74% | 222.02 | 7,896.04 Cr. |
| Yatharth Hospital and Trauma Care Services Limited | 18.20 | 43.56 | 10.36% | 184.79 | 1,207.17 Cr. |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹184.81 | ₹154.97 | ₹32.10 | ₹251.58 |
| 2024 | ₹206.45 | ₹175.85 | ₹34.44 | ₹339.25 |
| 2025 | ₹322.58 | ₹261.43 | ₹28.13 | ₹455.49 |
| Dec 2025 | ₹236.50 | ₹186.96 | ₹38.69 | ₹561.34 |