Park Medi World IPO Allotment to Be Finalised Today; GMP Drops to Lowest Level
The allotment for the Park Medi World IPO will be finalised today, following strong investor interest, even as its grey market premium (GMP) slipped to a low of ₹6.5. The IPO closed with an overall subscription of 8.52 times, reflecting steady demand across categories despite cooled premium expectations.
- Retail investors: 3.32 times subscribed
- Qualified Institutional Buyers (QIBs): 12.07 times
- Non-Institutional Investors (NIIs): 15.93 times
- The issue was open for subscription from December 10 to December 12.
- How to Check Park Medi World IPO Allotment
Via BSE Website:
- Visit the BSE allotment status page.
- Select “Equity” under Issue Type.
- Choose “Park Medi World Limited” from the dropdown.
- Enter your Application Number and PAN.
- Complete the captcha and click “Search.”
- Via KFin Technologies Website:
- Visit the KFin IPO status page.
- Select “Park Medi World Limited.”
Choose your mode: Application Number / Demat Account / PAN.
Enter details, complete captcha, and click “Submit.”
IPO Details
The book-built IPO is worth ₹920 crore, including a fresh issue of 4.75 crore shares (₹770 crore) and an offer-for-sale of 0.93 crore shares (₹150 crore). The price band was ₹154–₹162, with a minimum retail application of ₹14,904 for one lot of 92 shares.
The IPO is managed by Nuvama Wealth Management Ltd., with KFin Technologies Ltd. as the registrar. Listing on NSE and BSE is scheduled for December 17.
Grey Market Update
Park Medi World’s GMP has steadily declined to ₹6.5, suggesting an estimated listing price of around ₹168.5, a potential gain of roughly 4% over the upper band. The dip reflects tempered sentiment in the unofficial market ahead of the listing.
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