Paras Healthcare IPO allotment likely today; check status on BSE, NSE and registrar

The Paras Healthcare IPO received an overall subscription of 2.23 times by 5:03 pm on the final day of bidding, according to NSE data. Qualified institutional buyers (QIBs) led the demand, while the retail investor category also received bids exceeding the number of shares reserved for it. The Rs 1,450-crore IPO received bids for 2,69,39,346 shares against 1,20,83,331 shares on offer, resulting in an overall subscription of 2.23 times on the final day of bidding.

The qualified institutional buyers' (QIB) portion was subscribed 3.09 times, while the retail individual investors' category received bids for twice the number of shares reserved for the segment. In the grey market, the Paras Healthcare IPO was commanding a grey market premium (GMP) of Rs 9 per share on the morning of October 23, according to Investorgain. The grey market premium is an unofficial indicator of investor sentiment and is based on transactions outside the regulated stock exchanges.

It does not guarantee listing gains, and the premium may change before the shares begin trading. How to check Paras Healthcare IPO allotment status on MUFG Intime India Step 1. Visit the official website of MUFG Intime India. Step 2. Navigate to the IPO allotment status section. Step 3. Select Paras Healthcare IPO from the list of available issues. Step 4. Choose a search option, such as PAN, application number or Demat account number, depending on the options available.

Step 5. Enter the required details and the captcha code, if prompted. Step 6. Click on 'Submit' to view your IPO allotment status. How to check Paras Healthcare IPO allotment status on BSE 1. Visit the official BSE IPO allotment status page. 2. Select ‘Equity’ under the ‘Issue Type’ section. 3. Choose Paras Healthcare IPO from the ‘Issue Name’ dropdown menu. 4. Enter the application number or PAN, as requested.

5. Submit the details to check the allotment status. How to check Paras Healthcare IPO allotment status on NSE Step 1. Visit the official NSE website and navigate to its IPO bid verification facility. Step 2. Select the relevant IPO bid details option, if available. Step 3. Choose Paras Healthcare from the list of issues, if listed. Step 4. Enter the required application or investor details as prompted by the page.

Step 5. Submit the information to view the available details. Paras Healthcare launched its Rs 1,450-crore IPO with a price band of Rs 660-693 per share. The issue comprised a fresh issue of shares worth Rs 500 crore and an offer for sale (OFS) of Rs 950 crore. Under the OFS, promoter Dharminder Kumar Nagar planned to sell shares worth Rs 300 crore, while Commelina, an affiliate of private equity firm Creador, planned to offload shares worth Rs 650 crore.

Ahead of the public issue, the company raised Rs 652.5 crore through its anchor book by allotting 94.15 lakh equity shares to 21 institutional investors. Participants included the Abu Dhabi Investment Authority, BlackRock Global Funds, Eastspring Investments, Government Pension Fund Global, Natixis International Funds, Integrated Core Strategies (Asia) and Citigroup Global. Paras Healthcare plans to use Rs 375 crore from the net proceeds of the fresh issue to repay a portion of its outstanding debt.

The remaining proceeds are earmarked for general corporate purposes. The proceeds from the fresh issue will go to the company, while the OFS proceeds will be received by the selling shareholders. Paras Healthcare provides tertiary and quaternary healthcare services through eight hospitals operating under the Paras brand. Its hospital network has a combined capacity of 2,211 beds across North India, Bihar and Jharkhand.

The company plans to expand its presence by adding a 300-bed hospital in Gurugram and a 500-bed facility in Ludhiana. The two projects are expected to become operational in the current and next financial years, respectively, according to the company's stated plans.