# Paras Healthcare IPO price band set at Rs 660 to 693

2026-10-15T14:57:10+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 3 independent outlets

Paras Healthcare has fixed the price band for its initial public offering at Rs 660 to Rs 693 per share. The IPO aims to raise Rs 1,450 crore and will open for subscription on 21 October 2026, closing on 23 October 2026. The issue comprises a fresh issue of Rs 500 crore and an offer for sale of Rs 950 crore. Proceeds from the fresh issue will be used for debt repayment, investment in its wholly owned subsidiary Plus Medicare Hospitals, and general corporate purposes. Managing director Dharminder Nagar said Rs 375 crore from the fresh issue will go towards repaying existing debt. The company plans to add 800 beds through new hospitals in Gurugram and Ludhiana. Bids can be made for a minimum of 21 shares. Anchor investor bidding is on 19 October 2026. The shares are expected to list on the BSE and NSE on 28 October 2026. JM Financial, BofA Securities India and Nuvama Wealth Management are the book-running lead managers.

## Indian Opinion Analysis

All three outlets report the same price band, issue size and timeline, reflecting uniform coverage from a company announcement. Business Standard adds a debt-repayment figure of Rs 375 crore from the fresh issue and quotes MD Dharminder Nagar on expansion plans, details the others omit. Economic Times and Business Standard provide the full offer composition and listing dates. The absence of any government angle keeps the reporting straight, with no discernible slant across sources. The key item to track is the subscription opening on 21 October 2026 and the final listing on 28 October 2026.

## Coverage

Coverage: 3 sources, 3 neutral
- thehindubusinessline.com (neutral report) <https://www.thehindubusinessline.com/markets/paras-healthcare-price-band-at-660-to-693-per-share-for-1450-crore-ipo/article71588706.ece>
  Straight facts: price band, dates, use of proceeds, lead managers
- economictimes.indiatimes.com (neutral report) <https://economictimes.indiatimes.com/markets/ipos/fpos/paras-healthcare-fixes-ipo-price-band-at-rs-660-693-issue-opens-on-oct-21/articleshow/134969891.cms>
  Agency copy with retail lot details and full timeline
- business-standard.com (neutral report) <https://www.business-standard.com/companies/news/paras-health-to-use-375-cr-from-ipo-to-pare-debt-plans-800-bed-expansion-126101501349_1.html>
  Adds MD quote and Rs 375 crore debt repayment figure

This brief was synthesised by AI from the 3 sources linked above, so one read covers every framing they carry.

Tags: BSE, Dharminder Nagar, IPO, NSE, Paras Healthcare
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How this brief was made: an AI model read the reports linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. Stance labels are editorial classifications of how each outlet framed this story, assigned by the same model, not ratings of the outlets. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/