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Paras Healthcare Limited

Paras Healthcare Limited, incorporated in December 1987 as Arbian Frozen Foods Private Limited, is a clinical specialty-focused hospital platform providing tertiary and quaternary healthcare services across North India, Bihar and Jharkhand under the “Paras Health” brand. As of March 31, 2026, the company operated eight hospitals with a combined capacity of 2,211 beds across Gurugram, Panchkula, Patna, Darbhanga, Kanpur, Udaipur, Ranchi and Srinagar. Its key clinical specialties include cardiac sciences, oncology, neurosciences, gastro sciences, orthopedics and sports injury, and renal sciences, collectively contributing 74.70% of revenue in Fiscal 2026. With more than 20 years of operating experience, Paras Healthcare follows a balanced expansion strategy covering mature, emerging and new hospitals. The company plans to add a 300-bed hospital in Gurugram and a 500-bed hospital in Ludhiana, taking its total bed capacity to 3,011 by March 2028. As of March 31, 2026, the company had 4,670 employees, including 1,011 doctors and 1,665 nurses.

₹660 - ₹693GMP ₹97Open
GMP+₹97
Est. Listing Price₹790

IPO Schedule & Timeline

Bookbuilding IPO
1
Open21 Oct 2026
2
Close23 Oct 2026
3
Allotment26 Oct 2026
4
Listing28 Oct 2026

Quota Reservation Portions

QIBPortion: 1,56,92,640 shares
75%
HNIPortion: 31,38,528 shares
15%
RetailPortion: 20,92,352 shares
10%

Minimum Application Bracket Matrix

Retail1 lots / 21 shares
₹14,553
sHNI14 lots / 294 shares
₹2,03,742
bHNI69 lots / 1,449 shares
₹10,04,157

About the Company

Paras Healthcare Limited, incorporated in December 1987 as Arbian Frozen Foods Private Limited, is a clinical specialty-focused hospital platform providing tertiary and quaternary healthcare services across North India, Bihar and Jharkhand under the “Paras Health” brand. As of March 31, 2026, the company operated eight hospitals with a combined capacity of 2,211 beds across Gurugram, Panchkula, Patna, Darbhanga, Kanpur, Udaipur, Ranchi and Srinagar. Its key clinical specialties include cardiac sciences, oncology, neurosciences, gastro sciences, orthopedics and sports injury, and renal sciences, collectively contributing 74.70% of revenue in Fiscal 2026. With more than 20 years of operating experience, Paras Healthcare follows a balanced expansion strategy covering mature, emerging and new hospitals. The company plans to add a 300-bed hospital in Gurugram and a 500-bed hospital in Ludhiana, taking its total bed capacity to 3,011 by March 2028. As of March 31, 2026, the company had 4,670 employees, including 1,011 doctors and 1,665 nurses.

Company Promoters

Dharminder Kumar Naga

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Jun-26)₹478.75 Cr
Growth-58.4%
Revenue Trend (₹ in Crores)
0.0624.41.2k1.9kMar-24Mar-25Mar-26Jun-26
PeriodRev (Cr)PAT (Cr)AssetsDebt
Jun-26478.7549.682202.88888.89
Mar-261628.7843.832071.14854.1
Mar-251314.21-57.981810.45727.93
Mar-241151.02-15.331477.66547.53
Key Performance Indicators (KPIs)
PeriodEPSROEROCEP/E (Pre)P/E (Post)
Jun-264.920%0%00
Mar-264.340%0%00
Mar-25-5.940%0%00
Mar-24-1.570%0%00

Peer Comparison & Valuation

Industry Benchmarks
Financial Performance

Paras Healthcare Limited

NAV/Share (₹)39.11
RONW(%)12.98
EPS (Basic) (₹)4.34

Aster DM Quality Care Limited

NAV/Share (₹)88.32
RONW(%)9.70
EPS (Basic) (₹)7.53

Apollo Hospitals Enterprise Limited

NAV/Share (₹)657.58
RONW(%)21.95
EPS (Basic) (₹)135.04

Fortis Healthcare Limited

NAV/Share (₹)131.07
RONW(%)11.08
EPS (Basic) (₹)13.80

Global Health Limited

NAV/Share (₹)147.06
RONW(%)15.15
EPS (Basic) (₹)20.71

Jupiter Lifeline Hospitals Limited

NAV/Share (₹)47.10
RONW(%)13.41
EPS (Basic) (₹)5.92

Krishna Institute of Medical Sciences Limited

NAV/Share (₹)56.17
RONW(%)11.01
EPS (Basic) (₹)6.03

Manipal Health Enterprises Limited

NAV/Share (₹)63.26
RONW(%)12.37
EPS (Basic) (₹)7.71

Max Healthcare Institute Limited

NAV/Share (₹)109.53
RONW(%)14.33
EPS (Basic) (₹)14.83

Narayana Hrudayalaya Limited

NAV/Share (₹)222.02
RONW(%)19.74
EPS (Basic) (₹)39.67

Yatharth Hospital and Trauma Care Services Limited

NAV/Share (₹)184.79
RONW(%)10.36
EPS (Basic) (₹)18.20
Valuation

Paras Healthcare Limited

P/E(X)0
CMP* (₹)0
Face value (₹)1.00

Aster DM Quality Care Limited

P/E(X)91.89
CMP* (₹)0
Face value (₹)10.00

Apollo Hospitals Enterprise Limited

P/E(X)59.36
CMP* (₹)0
Face value (₹)5.00

Fortis Healthcare Limited

P/E(X)55.43
CMP* (₹)0
Face value (₹)10.00

Global Health Limited

P/E(X)64.46
CMP* (₹)0
Face value (₹)2.00

Jupiter Lifeline Hospitals Limited

P/E(X)42.92
CMP* (₹)0
Face value (₹)2.00

Krishna Institute of Medical Sciences Limited

P/E(X)116.41
CMP* (₹)0
Face value (₹)2.00

Manipal Health Enterprises Limited

P/E(X)87.00
CMP* (₹)0
Face value (₹)2.00

Max Healthcare Institute Limited

P/E(X)62.10
CMP* (₹)0
Face value (₹)10.00

Narayana Hrudayalaya Limited

P/E(X)43.41
CMP* (₹)0
Face value (₹)10.00

Yatharth Hospital and Trauma Care Services Limited

P/E(X)55.16
CMP* (₹)0
Face value (₹)10.00

Broker & Analyst Reviews

Consensus Verdict

May apply

No review summary is available yet.

No IPO review records are available for this issue yet.

IPO Allotment & Registrar Status

Official Registrar: Link Intime India Private Limited

Basis of Allotment Scheduled
Allotment Date
26 Oct 2026
Official Status
Pending
Registrar
Link Intime India Private Limited
Listing Date
28 Oct 2026

Official Allotment Verification Links

Official Registrar Portal
Link Intime India Private Limited

Direct allotment verification on the official registrar portal appointed for Paras Healthcare Limited. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

Indian Standard Time (IST)
1. Allotment Finalization26 Oct 2026Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date28 Oct 2026Trading commences on exchange

How to Check Paras Healthcare Limited Allotment Online

1Open Portal

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2Select Company

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3Enter Details

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4View Allocation

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Prospectus & Official Filings

SEBI / Exchange Documents

About Paras Healthcare Limited IPO

Complete issue overview for Paras Healthcare Limited (PARASH) IPO. The issue features an equity share price band of ₹660 – ₹693 per share with a minimum retail lot size of 21 Shares (minimum application amount of ₹14,553). Explore live market tracking on our GMP Tracker or view category bidding on the Subscription Page.

Frequently Asked Questions