Park Medi World IPO GMP Today: Day 2 Subscription Status, Listing Date and Investment Strategy

Park Medi World IPO GMP today shows a cooling trend as the healthcare company enters its second day of public subscription. The grey market premium has dropped from earlier highs raising questions among investors about listing gains.

Park Medi World Ltd operates 14 hospitals across North India and is currently seeking to raise 920 crore through this mainboard offering. The company opened its IPO on December 10 and will close subscriptions on December 12 with listing scheduled for December 17 on BSE and NSE.

Investors are now watching the grey market premium closely to gauge market sentiment and potential listing day returns. The subscription numbers on day 2 reveal mixed investor interest across different categories.

The IPO comes at a time when healthcare sector is experiencing significant growth in India. Park Medi World is the second largest private hospital chain in North India with 3000 beds and holds the top position in Haryana with 1600 beds.

The company has shown strong financial performance with revenue growing 13 percent year on year to 1426 crore in FY25. Profit after tax jumped 40 percent to 213 crore demonstrating operational efficiency. The fresh issue of 770 crore will primarily fund debt repayment capital expenditure and expansion plans. An additional 150 crore offer for sale by promoter Ajit Gupta is part of the total issue size.

Key Takeaways

• Park Medi World IPO GMP today stands at 12-14 rupees indicating 7-9 percent potential listing gains
• Day 2 subscription status shows 0.77 times overall booking with retail leading at 0.94 times
• IPO price band fixed between 154-162 rupees per share with minimum lot size of 92 shares
• Company plans to use 380 crore from proceeds to repay 61 percent of outstanding debt
• Listing date confirmed as December 17 2025 on both BSE and NSE exchanges
• Healthcare sector in India growing at 15-20 percent CAGR supporting long term prospects
• Brokerages recommend long term investment despite modest listing pop expectations

Also Read: Corona Remedies IPO Allotment Status Check Kaise Kare – Live Updates December 2025

Park Medi World IPO GMP Falls From Peak Levels

The grey market premium for Park Medi World IPO has witnessed a significant correction over the past few days. On December 8 the GMP was trading at 33 rupees representing a 20 percent premium over the upper price band.

This dropped to 29 rupees on December 9 when anchor investors were allocated shares worth 276 crore. By December 10 when the IPO opened for public subscription the premium had fallen to 23-24 rupees. Today on December 11 the GMP stands at just 12-14 rupees suggesting an 8-9 percent listing gain if current trends continue.

Market experts attribute this decline to overall weak sentiment on Dalal Street and cautious investor approach. The grey market is an unofficial platform where unlisted shares trade before official listing. While GMP is not a guaranteed indicator it provides insight into market expectations. Sources like IPO Watch and InvestorGain are reporting premiums in the 8-14 rupee range.

The cooling enthusiasm reflects concerns about modest upside compared to other recent IPOs that commanded higher premiums. Investors are now evaluating whether the fundamentals justify participation despite lower grey market buzz.

Healthcare stocks generally attract steady investor interest due to sector growth potential. India faces a shortage of hospital beds and quality healthcare infrastructure creating opportunities for established players. Park Medi World benefits from NABH accreditation for all 14 hospitals and operates across 30 plus medical specialties.

Recent CGHS rate hikes announced by the government are expected to boost EBITDA margins by 7 percent. However the company derives 69 percent revenue from Haryana and over 80 percent from government schemes which creates dependency risks. Payment delays and claim rejections remain concerns as evidenced by 94.5 crore in disallowed claims during H1 FY26.

Subscription Numbers Show Cautious Investor Response

As of December 11 at 12:48 PM the Park Medi World IPO subscription stood at 0.77 times overall. This indicates that only 77 percent of the total shares on offer have been bid for so far. The retail individual investor category leads with 0.94 times subscription showing decent appetite among small investors. Non institutional investors have subscribed 1.04 times their quota demonstrating moderate interest. However qualified institutional buyers remain significantly undersubscribed at just 0.27 times which is a concern.

On day 1 the IPO had received 0.5 times subscription which means the second day has seen incremental interest. Approximately 1.2 lakh lots have been bid for by retail investors while NIIs have put in bids for 5000 lots. QIBs have bid for around 2 lakh shares so far. Industry watchers expect subscription to pick up on the final day which is common for mainboard issues. Institutional investors typically wait till the last day to assess overall demand before committing funds.

Comparisons with peer IPOs reveal mixed performance. Nephrocare Health another healthcare IPO managed just 0.26 times subscription on day 2 making Park Medi World relatively better positioned. Corona Remedies IPO in contrast was subscribed 3.99 times showing strong demand for certain healthcare names. The subscription pattern suggests investors are being selective rather than blindly chasing every healthcare offering. Final subscription numbers on December 12 will determine allotment ratios and ultimately influence listing day price action on December 17.

Financial Performance Supports Long Term Investment Case

Park Medi World has demonstrated strong financial growth over recent years. Revenue increased from 1263 crore in FY24 to 1426 crore in FY25 marking 13 percent year on year growth. More impressively profit after tax surged 40 percent from 152 crore to 213 crore in the same period.

EBITDA margins stand healthy at 26-27 percent reflecting operational efficiency. The company has achieved return on equity of 20.68 percent and return on capital employed of 17.47 percent which are solid metrics.

Bed capacity has expanded consistently from 2550 beds in March 2023 to 3250 beds by September 2025. Management has outlined plans to reach 4900 beds by FY28 adding 1650 beds through expansion in cities like Ambala Panchkula and New Delhi.

The company operates with a medical staff of 1014 doctors and 2142 nurses providing comprehensive care. All hospitals carry NABH accreditation which is a quality benchmark in Indian healthcare. Services span cardiology neurology orthopedics gastroenterology urology oncology and critical care among other specialties.

The IPO proceeds will be deployed strategically to strengthen the balance sheet. Out of the 770 crore fresh issue approximately 380 crore will go toward debt repayment which will reduce borrowing costs. Capital expenditure for new hospitals and medical equipment will consume a significant portion.

The company has also earmarked funds for potential acquisitions to accelerate growth. Brokerages like Anand Rathi have recommended subscription for long term investors citing regional dominance and expansion pipeline. However they caution about execution risks and dependence on government payment cycles.

Market Sentiment and Expert Recommendations

Social media discussions around Park Medi World IPO reveal mixed sentiment among retail investors. Early enthusiasm has given way to cautious optimism as GMP declined. Users on platforms highlight the strong fundamentals including 40 percent PAT growth and debt reduction plans.

The NABH accreditation and established hospital network are viewed positively. Several posts appreciate the defensive nature of healthcare stocks in volatile markets. Long term investors see value in the 26 percent EBITDA margins and 20 percent ROE.

However concerns center around weak subscription numbers and limited listing gains. Some investors compare it unfavorably to Corona Remedies which commanded 28 percent GMP. The heavy dependence on Haryana government schemes and risk of payment delays are frequently mentioned. Critics point to the 5-6 month working capital cycle as a liquidity challenge.

The P/E ratio of 25-33 times is considered reasonable but not cheap. Short term traders are largely avoiding the issue given the modest 7-9 percent expected pop compared to other opportunities.

Analyst recommendations lean toward long term accumulation rather than listing day gains. The healthcare sector growth story remains intact with India spending just 3-4 percent of GDP on health. Rising middle class income and health insurance penetration will drive hospital admissions. Park Medi World is well positioned in North India to capture this growth.

The company benefits from first mover advantage in several tier 2 cities. Expansion into NCR region through the new Medicity project could be a significant catalyst. Investors with a 2-3 year horizon may find value despite current market skepticism.

Should You Subscribe to Park Medi World IPO

The decision to subscribe depends on your investment objective and risk appetite. For listing gains the IPO appears less attractive given the 7-9 percent GMP compared to historical averages. Grey market premiums have fallen sharply indicating waning short term enthusiasm.

The subscription numbers through day 2 suggest lukewarm institutional interest. If you are purely focused on quick listing profits there may be better opportunities elsewhere in the primary market pipeline.

However for long term wealth creation Park Medi World presents a compelling case. The healthcare sector tailwinds are undeniable and the company has proven execution capability. Strong revenue and profit growth over the past two years demonstrates business momentum.

The debt reduction plan will improve financial flexibility and reduce interest costs. Expansion pipeline to nearly 5000 beds by FY28 provides clear growth visibility. NABH accreditation across all facilities ensures quality standards.

Risk factors need careful consideration before investing. Over 69 percent revenue concentration in Haryana creates geographic risk. Government schemes account for more than 80 percent of revenue exposing the company to policy changes and payment delays.

The recent disallowance of 94.5 crore in claims highlights execution challenges. Competition from larger hospital chains and new entrants could pressure margins. Working capital requirements of 5-6 months tie up significant funds. Investors should allocate only moderate portfolio allocation given these sector specific risks.

Retail investors can apply for one lot of 92 shares requiring 14904 rupees at the upper band. The minimum investment is accessible for most investors interested in healthcare exposure. Given the 35 percent retail quota there is reasonable chance of allotment if subscription remains below 2 times. Consider this as a 3-5 year investment rather than a quick flip. Monitor the final subscription numbers on December 12 evening before taking a final call. If institutional investors show strong interest on the last day it could positively impact sentiment.

Listing Date and What to Expect

Park Medi World shares are scheduled to list on BSE and NSE on December 17 2025. The allotment of shares will be finalized on December 15 giving investors two days notice before trading begins. Successful applicants will receive shares in their demat accounts by December 16. Those who do not receive allotment will get refunds initiated on the same day. The listing price will be determined by demand and supply dynamics on the exchange.

Based on current grey market premium of 12-14 rupees the expected listing price is around 174-176 rupees. This represents gains of 7-9 percent over the upper price band of 162 rupees. However actual listing can vary significantly from GMP predictions.

Strong opening demand from institutional buyers could push prices higher. Conversely if selling pressure dominates the stock may list flat or even below issue price. Market conditions on December 17 will play a crucial role in determining debut performance.

Investors who receive allotment have several options on listing day. Those seeking quick profits can sell on opening if price opens at premium. Long term investors should hold through initial volatility and evaluate quarterly performance.

The stock may witness profit booking in initial sessions before stabilizing. Healthcare stocks typically command premium valuations due to sector characteristics. Park Medi World trading at reasonable P/E multiple could attract institutional buying over time. Track management commentary on expansion execution and government scheme realization for investment decisions.

The book running lead managers for this IPO are Nuvama Wealth Management CLSA India DAM Capital Advisors and Intensive Fiscal Services.

Kfin Technologies is handling the registrar responsibilities including allotment process. Anchor investors were allocated 276 crore worth of shares on December 9 at the upper price band. This institutional validation provides some comfort about company fundamentals. However the final outcome depends on broader market sentiment and sector rotation by fund managers in coming months.

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