Summary of this article
Park Medi World is expected to allot shares to successful applicants on December 15
Shares are set to list on NSE and BSE tentatively on December 17
Park Medi World IPO GMP last traded at Rs 7 apiece over the issue price
Hospital chain operator Park Medi World's initial public offering (IPO) was subscribed 8.10 times. The issue received bids for 338.83 million equity shares against the 41.82 million on offer. The IPO was available for public subscription between December 10 and December 12.
After the closure of the three-day subscription window, Park Medi World is expected to allot shares to successful applicants on December 15. The company will initiate refunds to the bank accounts of unsuccessful bidders on December 16 and credit shares in the demat accounts of successful applicants on the same day. The shares will list on both the NSE and the BSE on December 17.
Park Medi World IPO Details: Issue Size, Price Band, Objectives
Issue Size: Park Medi World raised Rs 920 crore through the issue, which comprised 47.50 million fresh equity shares worth Rs 770 crore and an offer-for-sale (OFS) component of 9.26 million shares aggregating to Rs 150 crore.
Price Band, Lot Size, Minimum Investment: The hospital chain offered its shares at a price band of Rs 154-162 per share, in lot sizes of 92 shares. Retail investors were required to invest a minimum of Rs 14,904 per lot.
Objectives: Park Medi World plans to use the net proceeds towards reducing debt, funding expansion and strengthening medical infrastructure. A portion will be used for repayment or prepayment of borrowings at the company and subsidiary level. The company will also invest in setting up a new hospital under its subsidiary Park Medicity (NCR) and buy medical equipment for itself and group entities, including Blue Heavens and Ratangiri. The remaining amount will be allocated for future inorganic acquisitions and general corporate purposes.
BRLMs, Registrar: Nuvama Wealth Management, CLSA India, DAM Capital Advisors, and Intensive Fiscal Services are the book running lead managers, and KFin Technologies is the registrar to the issue.
Park Medi World IPO GMP Today
Park Medi World IPO shares' grey market premium (GMP) last traded at Rs 7 apiece over the issue price, as on December 14, 11:28 AM, according to websites that track such trades in the unlisted market.
Based on the current GMP and the upper end of the price band of Rs 162, the shares are estimated to list around Rs 169, implying a potential listing gain of about 4.32 per cent.
Park Medi World IPO GMP has fallen around 79 per cent from a peak of Rs 33 apiece quoted on December 7 to the current value now.
It is worth noting that GMP is only an informal indicator of investor appetite and does not necessarily reflect the actual listing price of pre-IPO shares. GMP is merely used to gauge prevailing market sentiment and demand, and should not be construed as a reliable predictor of listing-day performance.
Park Medi World IPO Allotment Status: Step-By-Step Guide
Applicants can check their allotment status on the official websites of NSE, BSE and the registrar of the issue, which is MUFG Intime in this case.
How To Check Park Medi World IPO Allotment On NSE
Go to NSE's official website
Navigate to the “Invest” tab and click on the “Resources & Tools” section
Navigate to “Check Trades/Bids” and click on “Verify IPO Bids”
From the form that appears, click on “Equity & SME IPO Bid Details”
Under the “Select Symbol” option, select “Park Medi World”
Enter either your Permanent Account Number (PAN) or application number
Click on “Submit” to view the final allotment status on your screen
How To Check Park Medi World IPO Allotment Status On BSE
Go to the official website of BSE
Click on the “Investors” section
Navigate to the “Investor Services” tab and click on “Status of the Issue Application”
On the next page, click on “Check Status”, or on the hyperlinked “Application Status Check” text at the lower end of the page
In the form that appears, select issue type as “Equity”
Under the “Issue Name”, select “Park Medi World”
Enter either your application number or Permanent Account Number (PAN)
Complete the captcha by clicking on “I'm not a robot”
Click on “Search” to view the final allotment status on your screen
How to View Park Medi World IPO Share Allocation Status On Kfin Technologies
Go to KFin Technologies’ IPO allotment status page (https://ipostatus.kfintech.com/)
From the “Select IPO” dropdown, click on “Park Medi World”
Select one of the three identification methods: PAN, Application Number, or Demat Account (DP ID/Client ID).
Enter the details corresponding to the method you selected in the previous step (e.g., your 10-digit PAN)
Enter the provided CAPTCHA code or complete the security verification
Click the "Submit" button to view the final allotment status on your screen
