The Park Medi World IPO has seen its GMP slip to ₹9, raising fresh questions for investors ahead of listing. With sentiment cooling and sauda rates dropping, here’s a quick look at the latest GMP trend, subscription mood, and whether this IPO still offers meaningful listing gains.
The Park Medi World IPO continues to attract attention from investors, especially those tracking its grey market movements. As of December 11th, 2025, 07:59 PM, the latest GMP stands at ₹9, signalling weakness in grey market sentiment ahead of listing.
With a price band of ₹154–₹162 per share, the grey market is projecting an estimated listing price of ₹171, indicating a potential listing gain of 5.56%.
- Latest GMP: ₹9
- Movement Today: GMP Down
- Estimated Listing Price: ₹171
- Expected Gain: 5.56% per share
- Retail Subject to Sauda: ₹600
- Small HNI Subject to Sauda: ₹8,400
Grey market sentiment has clearly softened over the past few sessions, moving from a high of ₹33 to ₹9.
Is GMP Trending Up or Down?
Based on the last 9 sessions, the trend is tilted lower:
- Highest GMP: ₹33
- Lowest GMP: ₹0
- Current GMP: ₹9
The consistent decline shows momentum has cooled as the IPO progresses.
Disclaimer: GMP is an unofficial indicator. It fluctuates sharply and should not be used as the sole basis for investment decisions.
Day-wise GMP Trend for Park Medi World IPO
| Date | IPO Price | GMP | Subscription | Sauda (R/S-HNI) | Est. Listing Price | Est. Profit/Loss | Last Updated |
|---|---|---|---|---|---|---|---|
| 11-Dec-2025 | ₹162 | ₹9 ↓ | 1.05x | 600 / 8400 | ₹171 (5.56%) | ₹828 | 19:59 |
| 10-Dec-2025 | ₹162 | ₹14 ↓ | 0.56x | 1000 / 14000 | ₹176 (8.64%) | ₹1288 | 23:31 |
| 09-Dec-2025 | ₹162 | ₹22 ↓ | – | 1500 / 21000 | ₹184 (13.58%) | ₹2024 | 20:54 |
| 08-Dec-2025 | ₹162 | ₹29 ↓ | – | 2000 / 28000 | ₹191 (17.90%) | ₹2668 | 16:56 |
| 07-Dec-2025 | ₹162 | ₹33 (NC) | – | 2300 / 32200 | ₹195 (20.37%) | ₹3036 | 23:34 |
| 06-Dec-2025 | ₹162 | ₹33 ↑ | – | 2300 / 32200 | ₹195 (20.37%) | ₹3036 | 23:34 |
| 05-Dec-2025 | ₹162 | ₹30 ↑ | – | 2100 / 29400 | ₹192 (18.52%) | ₹2760 | 23:33 |
| 04-Dec-2025 | – | ₹0 | – | – | – | – | 05:55 |
| 03-Dec-2025 | – | ₹0 | – | – | – | – | 12:50 |
Profit per lot = GMP × Market Lot (92 shares)
Park Medi World IPO: Key Dates & Details
IPO Timeline
- Open Date: December 10, 2025
- Close Date: December 12, 2025
- Allotment: December 15, 2025
- Refunds & Demat Credit: December 16, 2025
- Listing Date: December 17, 2025
- Listing Exchange: BSE & NSE
About Park Medi World
Park Medi World is a large private hospital network with:
- 3,000 beds across India
- Hospitals in Haryana (8), Delhi (1), Punjab (2), Rajasthan (2)
Workforce (as of Sept 30, 2024):
- 891 doctors
- 1,912 nurses
- 671 medical professionals
- 1,761 support staff
Patient Footfall Trends:
- FY 2024: 73,284 patients
- FY 2023: 73,084
- FY 2022: 62,106
- H1 FY2025: 40,368
IPO Structure & Price Band
- Issue Size: ₹920 crores
- Fresh Issue: ₹770 crores
- OFS: 92,59,259 shares
- Price Band: ₹154–₹162
- Face Value: ₹2
Investor Quota:
- QIB: 50%
- NII: 15%
- Retail: 35%
Market Lot & Investment Limits
| Category | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Min | 1 | 92 | ₹14,904 |
| Retail Max | 13 | 1,196 | ₹1,93,752 |
| S-HNI Min | 14 | 1,288 | ₹2,08,656 |
| B-HNI Min | 68 | 6,256 | ₹10,13,472 |
Financial Performance (₹ in Crores)
| Year | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| FY2023 | 1,272.18 | 955.37 | 228.19 | 1,592.83 |
| FY2024 | 1,263.08 | 1,041.66 | 152.01 | 1,912.10 |
| FY2025 | 1,425.97 | 1,139.30 | 213.22 | 2,133.70 |
| H1 FY2025 | 823.39 | 649.50 | 139.14 | 2,320.93 |
Key Valuation Metrics (FY2025)
- ROE: 20.68%
- ROCE: 17.47%
- EBITDA Margin: 26.71%
- PAT Margin: 15.30%
- Debt-to-Equity: 0.61
- EPS: ₹5.55
- NAV: ₹26.58
Objects of the Issue
| Purpose | Amount (₹ Cr) |
|---|---|
| Debt repayment | 380.00 |
| Expansion of new & existing hospitals | 60.50 |
| Purchase of medical equipment | 27.46 |
| Inorganic acquisitions & corporate use | – |
Peer Comparison (Snapshot)
| Company | EPS | PE | RoNW | Income (Cr) |
|---|---|---|---|---|
| Apollo Hospitals | 100.56 | 73.43 | 17.63% | 21,994 |
| Fortis Healthcare | 10.26 | 90.42 | 8.69% | 7,850 |
| Narayana Health | 38.90 | 50.10 | 21.80% | 5,575 |
| Max Healthcare | 11.07 | 101.54 | 11.47% | 7,184 |
| Global Health | 17.92 | 66.41 | 14.27% | 3,771 |
| Jupiter Hospitals | 29.47 | 48.59 | 14.27% | 1,290 |
Park Medi World’s ROE and margins appear healthy relative to peers, though PE at listing will determine actual valuation attractiveness.
Should You Apply? (Quick View)
Positives
- Strong hospital network growth
- Healthy revenue and profit trend
- Good operational metrics
- Reasonable debt levels
Risks
- GMP declining in recent sessions
- Large issue size may cap listing gains
- Healthcare sector requires consistent capex
Analyst View: “May Apply” — Suitable for long-term investors; listing gains look moderate based on current sentiment.