Park Medi World Limited Announces IPO
Park Medi World Limited is set to launch its Initial Public Offering (IPO), presenting a significant opportunity for investors. This IPO comprises a fresh issue and an Offer for Sale (OFS), totaling 1260 crores.
Company Overview
Park Medi World Limited (PMWL) is the second largest private hospital chain in North India, operating 13 NABH accredited multi-super specialty hospitals under the Park brand. As of September 30, 2024, PMWL has an aggregate bed capacity of 3,000 beds, with 1,600 beds located in Haryana, making it the largest private hospital chain in the state. The hospital network provides over 30 super specialty and specialty services, including internal medicine, neurology, urology, and oncology. PMWL employs a dedicated team of 891 doctors and 1,912 nurses.
The company focuses on delivering quality healthcare services across various medical disciplines, catering to a broad patient base. PMWL’s commitment to quality and affordable care is reflected in its operational and financial performance, demonstrating its ability to successfully integrate acquired hospitals into its network. PMWL has cultivated a reputation in patient care with a vision to provide wellness for all .
Key Achievements
Park Medi World Limited has demonstrated strong growth, expanding its bed capacity from 2,250 beds as of March 31, 2022 to 3,000 beds as of September 30, 2024. The company’s dedication to excellence is reflected in its financial performance and operational efficiency.
Financial Overview
Here s a snapshot of Park Medi World Limited s financial performance for the most recent fiscal year:
| Period Ended | 30 Sep 2024 |
|---|---|
| Assets | 2018.74 |
| Revenue | 691.51 |
| Profit After Tax | 112.89 |
| Net Worth | 1048.21 |
| Reserves and Surplus | 913.13 |
| Total Borrowing | 596.52 |
(All figures are in million)
Offer for Sale and IPO Structure
The IPO includes a fresh issue of equity shares aggregating up to 960 crore and an Offer for Sale (OFS) of equity shares aggregating up to 300 crore by the Promoter Selling Shareholder Dr. Ajit Gupta. The company will not receive any proceeds from the OFS.
The IPO allocation is structured as follows:
- Retail Investors: 35%
- Qualified Institutional Buyers (QIB): 50%
- Non-Institutional Investors (NII): 15%
The shares of Park Medi World Limited are proposed to be listed on the BSE and NSE.
Lead Managers and Registrar
The lead managers for the Park Medi World Limited IPO are Nuvama Wealth Management Limited, CLSA India Private Limited, DAM Capital Advisors Limited, and Intensive Fiscal Services Private Limited.
The registrar is Kfin Technologies Limited.
Conclusion
Park Medi World Limited’s IPO presents an exciting opportunity to invest in a growing healthcare provider. Stay tuned for the IPO dates and further details to make an informed investment decision.