Paras Healthcare is preparing for a major expansion as it moves ahead with its planned initial public offering (IPO), aiming to increase its hospital bed capacity by 36% by the end of FY28.
The Gurugram-headquartered healthcare provider currently operates eight hospitals across North India with nearly 2,211 beds. Under its expansion strategy, the company plans to raise this capacity to 3,011 beds by March 2028.
The growth plan includes the development of two new hospitals—a 300-bed facility in Gurugram and a 500-bed hospital in Ludhiana. These additions are expected to strengthen the company’s presence in North India while improving access to advanced healthcare services in urban and semi-urban markets.
Paras Healthcare has filed draft papers for an IPO worth around ₹1,800 crore. The public issue will consist of a fresh issue of shares along with an offer for sale by existing shareholders.
According to the company, funds raised through the fresh issue will be used to repay debt, improve its financial position, and support ongoing expansion projects, including the construction of new hospitals and related infrastructure.
The expansion comes at a time when India’s hospital sector is witnessing strong patient demand and increased investor confidence. Several leading hospital chains are also investing in large-scale capacity additions over the next five to seven years to meet the country’s growing healthcare needs.
With its planned IPO and ambitious expansion strategy, Paras Healthcare aims to strengthen its footprint in North India and enhance access to specialty and advanced medical care for a larger patient population.
(Photo courtesy: parashospitals.com)