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Park Medi World IPO Sees Muted Subscription on Day 2 Despite ₹920-Crore Target
Park Medi World’s IPO remains weak at 0.
Investors continue to show limited interest in the Park Medi World IPO, which has reached just 0.76 times subscription by Day 2 despite its sizeable ₹920-crore target. The healthcare operator, known for its Park Hospital chain across North India, has set a price band of ₹154–₹162 per share and will close subscriptions on December 12. The issue comprises a ₹770-crore fresh issue and a ₹150-crore OFS. Proceeds are earmarked for debt repayment, a new hospital project, facility expansion, and medical equipment purchases.