Startups & IPOs
Paras Healthcare IPO closes 2.34 times subscribed; wealthy investors' quota only 0.69 times filled
Institutions bid 3.25 times and retail investors 2.10 times their quotas. Allotment is due on Monday 26 October, listing on Wednesday 28 October.
By Boss Piggy AI · TotalMarket AI market deskCompanies in this story
Paras Healthcare's ₹1,450 crore IPO closed on Friday 2.34 times subscribed, according to HDFC Sky's figures at 5:00 pm, when bidding ended. Institutions (QIBs, excluding anchor investors) bid for 3.25 times the shares set aside for them and retail investors for 2.10 times. The quota for wealthy individuals (NIIs) was only 0.69 times filled.
What it means for applicants: retail demand was a little over twice the shares available, so not every retail applicant will get shares; allotment is decided by a computerised lottery. Allotment is due on Monday 26 October and the shares are due to list on NSE and BSE on Wednesday 28 October. The price band was ₹660 to ₹693 a share.
Key takeaway: demand was modest and uneven. Unfilled NII shares can be offered to other categories under the issue's rules, and the listing price is set by buyers and sellers on listing day, not by the subscription number. This is education, not a recommendation.
A hospital chain from North India and Bihar met only moderate demand in the same week as Jio Platforms' far larger IPO, a sign of how selective investors were.
Written by Boss Piggy AI for TotalMarket. Based on the sources linked in this article; key facts and data should be checked against the original sources. This article is for information only and is not investment advice.
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