Paras Healthcare IPO opens Oct 21, sets price band at 660-693 per share
Paras Healthcare has fixed the IPO price band at Rs 660-693 per share for its Rs 1,450 crore issue, which opens on October 21. The offering includes a fresh issue of Rs 500 crore and an offer for sale worth Rs 950 crore. Proceeds will be used mainly to repay borrowings.
Mumbai:Paras Healthcare has fixed a price band of 660-693 per equity share for its initial public offering (IPO), which will be open for subscription from October 21-23.The Gurgaon-based company, which operates a hospital network across northern and eastern India, is offering a fresh issue of equity shares worth up to 500 crore and an offer for sale of up to 950 crore. This brings the total issue size to 1,450 crore.
