Park Medi World IPO opens: Company targets debt-free status and plans 1,650-bed expansion by FY28

Haryana-based Park Medi World, which operates the Park Hospitals network across North India, opened its ₹920-crore initial public offering (IPO) for subscription today. The healthcare chain is looking to strengthen its balance sheet and accelerate capacity expansion over the next three years.

The IPO is priced in the range of ₹154–₹160 per shareconsisting of a ₹770-crore fresh issue and a ₹150-crore offer for sale. A major portion of the proceeds will be used to pare debt, enabling the company to transition into a debt-free position.

Sanjay Sharma, Group CEO and Whole-Time Director, stated that the company plans to repay ₹380 crore of its outstanding borrowings through the fresh issue. With total debt at about ₹425 crore, Park Medi World is expected to become a net cash company post-listingsaving approximately ₹15 crore per year in interest expenses, which will directly support profitability.

The company has also allocated ₹88 crore for medical equipment capex and ₹302 crore for general corporate purposes, ensuring adequate liquidity for upcoming growth plans.

Park Medi World currently operates 14 hospitals with 3,250 beds across four northern states. It now plans to add 1,650 beds by FY28expanding its total capacity to 4,900 beds. The additions will be rolled out in phases — 300 beds in FY26, 750 beds in FY27and 600 beds in FY28.