Paras Healthcare shares opened at ₹720 on the NSE on 28 October 2026, 3.90% above the issue price of ₹693. That is +3.90% for the Paras Healthcare listing price. One lot of 21 shares was worth ₹15,120 at the open.
How did the grey market do?
The last GMP before listing was ₹13 (1.88%), which pointed to ₹706. The open was ₹14 above that mark.
The last grey market quote of ₹13 pointed to a listing near ₹706, and the stock opened ₹14 above that.
What this means for one lot
On paper, the result for one lot at the open is a gain of ₹567. The price can move a lot after the open, so this is only the starting point.
| Item | Detail |
|---|---|
| Issue price | ₹693 |
| NSE opening price | ₹720 |
| Move at open | +3.90% |
| Lot size | 21 shares |
| Lot value at open | ₹15,120 |
What our data shows
The ₹1,450 crore issue closed on 23 October with a total subscription of 2.23 times. Qualified institutional buyers (QIBs) bid 3.09 times. Retail investors bid 2 times. The non-institutional portion got 0.66 times.
Our GMP history shows quotes between ₹9 and ₹12 from 23 to 27 October. Those quotes were about 1% to 2% of the issue price. A premium that small gave little room for a large move either way. GMP is an unofficial grey market number, not an exchange price.
Over 2026 so far, 71 of 106 mainboard IPOs opened above their issue price. The middle listing gain was about 7%. You can compare this debut with them on the IPO performance page.
What the company does
Paras Healthcare sells hospital services under the Paras Health name. Its beds are spread over Haryana, Bihar, Uttar Pradesh, Rajasthan, Jharkhand and Jammu and Kashmir.
Paras Healthcare is a Gurugram hospital group with eight hospitals and 2,211 beds. Its revenue was ₹1,606 crore in FY2026. It earned a profit of ₹43.83 crore that year, after a loss in FY2025.
Out of the ₹1,450 crore issue, ₹500 crore was fresh and ₹950 crore was an offer for sale (OFS). Most of the fresh money is meant to repay loans, as per the RHP. Borrowings were ₹1,394 crore on 31 March 2026. The promoter and Commelina Ltd were the selling shareholders in the OFS.
What happens next
Shares were credited to demat accounts of allotted investors on 27 October, and trading began on 28 October 2026. For the full record, see the Paras Healthcare IPO page. Earlier steps are in our allotment status post. Past debuts are on the IPO performance page.
