Park Medi World Stock Performance Analyzed

Park Medi World’s stock is currently trading at Rs 159.90, which is a little lower than the price it was initially offered at. This means investors are paying slightly less than the company wanted when it first went public. Let’s break down what’s happening and why it matters.

Key Points

• Stock price: Rs 159.90, down 1.30% from the IPO price.
• Initial debut: Rs 155.60, a 3.95% discount to the IPO.
• High & Low: Reached Rs 161.75 and Rs 155.60, respectively.
• 9.79 lakh shares traded – a lot of buying and selling.
• IPO was 8.10 times subscribed, showing strong investor interest.
• Funds raised through IPO: Rs 770 crore for key company goals.

The IPO (Initial Public Offering) was a big deal. Investors bought shares in Park Medi World, and the company raised a lot of money – Rs 770 crore. This money is being used for important things, like paying off debts and building new hospitals.

Specifically, Rs 380 crore is going towards paying off existing loans. Another Rs 60.5 crore will help build a new hospital under the Park Medicity brand. The company also wants to buy medical equipment for itself and its associated companies, and use some money for acquiring other businesses.

Dr. Ajit Gupta and his family own a huge chunk of the company – about 95.55% of the shares. After the IPO, they’ll still own around 82.89% of the company. This means the founders have a strong influence on the company’s direction.

Park Medi World is a big hospital chain, especially in Haryana, with over 3,250 beds across 14 hospitals. They offer many different medical services, like treating heart problems, bones, and digestive issues. They’re constantly growing by buying other hospitals and building new ones in places like Ambala and Kanpur.

The company gets most of its money from patients using government healthcare programs (83.38%) and from treating patients directly. Currently, patients are using 68.14% of the beds, and the hospital sees around 46,551 patients coming in for treatment each day, and around 392,049 patients visiting for outpatient care.

Before the IPO, some large investors bought shares to help the company raise funds. Rs 275.99 crore was raised from these investors, with 1.70 crore shares sold at Rs 162 each.

Recently, Park Medi World reported strong financial results. They made a profit of Rs 139.14 crore and had income of Rs 808.66 crore over the last nine months. These numbers show the company is doing well and is a good investment.

“The IPO was a smart move for Park Medi World, giving them the funds they needed to grow and provide better healthcare.”