Haryana-based Park Medi World, the operator of the Park Hospitals network across North India, opened its ₹920-crore IPO for public subscription today. The healthcare chain aims to strengthen its balance sheet, accelerate expansion, and improve profitability over the next three years.

The IPO is priced between ₹154 and ₹160 per share, comprising a ₹770-crore fresh issue and a ₹150-crore offer for sale. A large portion of the proceeds will go toward debt reduction, positioning the company for a debt-free future.

Sanjay Sharma, Group CEO & Whole-Time Director of Park Medi World said the company will repay about ₹380 crore of debt from the fresh issuance. With total existing debt at around ₹425 crore, Park Medi World will effectively become a net cash company post listing. This shift is ex

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