IPO GMP Today: Park Medi World IPO Subscribed 26% On Day 2; Should You Bid?

Park Medi World IPO: The Rs 920 crore initial public offering (IPO) of Park Medi World opened for subscription on Wednesday, December 10. The IPO was subscribed over 0.26 times on day 1 till 2 pm, according to Chittorgarh.com.

Park Medi World IPO GMP today (grey market premium today) saw an upward moment, indicating an increase in demand in the unregulated market. Here are all the details about Park Medi World IPO.

Park Medi World IPO Subscription Status

Park Medi World IPO was subscribed over .28x till 2 pm, as per the Chittorgarh.com website. The issue was subscribed to around 0.41x in the retail category and 0.36 times in the NII category. There was no participation in the Park Medi World IPO subscription in the QIB (ex-anchor) category till that time.

Park Medi World IPO GMP Today

Park Medi World IPO's last GMP stood at Rs 26, which means that the IPO is expected to be listed for Rs 188 per share. An IPO's estimated listing price is the sum of its latest IPO GMP and upper price band.

Park Medi World IPO Details

Park Medi World IPO is a book build issue of Rs 920 crores, where the issue is a combination of fresh issue of 4.75 crore shares aggregating to Rs 770 crores. Whereas, the offer for sale of 0.93 crore shares will aggregate to Rs 150 crores. The company has fixed an upper price band at Rs 154-163 per share. Whereas the lot size for an application is 92. The minimum amount of investment required by a retail investor Rs 14,904, and the lot size for sNII is 14 lots, amounting to Rs 2,08,656, and for bNII, it is 68 lots, amounting to Rs 10,13,472. Nuvama Wealth Management is the book-running lead manager, and Kfin Technologies is the registrar of the issue.

About Park Medi World

It is a private hospital chain incorporated in 2011. The hospital chain is majorly preset in North India with a total bed capacity of 3,000 beds in 2025. The company operates 14 multi-super speciality hospitals. Its hospitals offer more than 30 super speciality and speciality services like internal medicines, neurology, urology, gastroenterology, general surgery, etc.

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