Park Medi World is the second largest private hospital chain in North India with a capacity of 3,000 beds, and the largest in Haryana with 1,600 beds as of March 31, 2025. The company operates 14 NABH-accredited multi-super specialty hospitals under the Park brand, with eight also NABL-accredited. Its hospitals across Haryana, Delhi, Punjab and Rajasthan offer 30+ specialties such as neurology, gastroenterology, orthopedics, oncology and critical care, supported by a team of 1,014 doctors and 2,142 nurses. Park Medi World follows a cluster-based growth model that drives operational efficiency, strong patient delivery, and economies of scale.
Founded and led by Dr. Ajit Gupta, the chain has grown from a single Delhi clinic in 2000 to a major regional healthcare network through strategic expansions and acquisitions. Bed capacity has increased from 2,550 in FY23 to 3,250 in FY25, with projects under development in Ambala, Panchkula, Rohtak, Gorakhpur and Kanpur, targeting 4,900 beds by March 2028. With advanced ICUs, operating theatres, robotic surgery programs (iMARS), trauma and cancer care facilities, the company is positioned to provide high-quality and affordable healthcare while executing its next phase of growth across North India.
IPO schedule
Issue open date
2025-12-10
Issue close date
2025-12-12
UPI mandate deadline
2025-12-12 (5 PM)
Allotment finalization
2025-12-15
Refund initiation
2025-12-16
Share credit
2025-12-16
Listing date
2025-12-17
Mandate end date
2025-12-27
Lock-in end date for anchor investors (50%)
2026-01-14
Lock-in end date for anchor investors (remaining)
2026-03-15
Financials
Financial Year Ended
March 2024
March 2025
September 2025
Total Assets
1912.09
2133.70
2320.93
Revenue
1263.08
1425.97
823.39
Profit After Tax
152
213.22
139.14
Issue size
Funds Raised in the IPO
Amount
Overall
920
Fresh Issue
770
Offer for sale
150
Utilisation of proceeds
Purpose
INR crores (%)
Repayment/prepayment of outstanding borrowings
380 (49.35%)
Capital expenditure for development of new hospital & expansion of existing hospitals (Park Medicity & Blue Heavens)
60.50 (7.86%)
Capital expenditure for purchase of medical equipment (Company, Blue Heavens & Ratangiri)
27.46 (3.57%)
General corporate purposes
302.04 (39.22%)
Strengths
Multi-specialty hospital network with strong presence in the NCR region.
Experienced medical professionals and seasoned promoter team.
High-end medical infrastructure with advanced diagnostic and treatment facilities.
Strong focus on affordable care driving high patient footfall across departments.
Expansion underway with capacity enhancement at key hospitals to support future growth.
Risks
High dependence on key doctors and specialists for patient inflow and revenue.
Regulatory risks due to strict compliance requirements in the healthcare sector.
Significant working capital and capex needs may strain cash flows over time.
Strong competition from established hospital chains and local players in operating regions.
Any clinical negligence or service-quality issues could severely damage reputation and revenue.