AZB & Partners acts on Paras Hospitals ₹1,800 crore proposed IPO

Paras Healthcare Limited has filed a Draft Red Herring Prospectus with SEBI for an initial public offering of equity shares comprising of a fresh issue and an offer for sale by selling shareholders, aggregating up to ₹1,300 crore.

AZB & Partners is advising Paras Hospitals, and the promoter selling shareholder Dr. Dharminder Kumar Nagar on this IPO.

The transaction is led by Agnik Bhattacharyya (Senior Partner) and Sweta Ananthanarayanan (Partner), with support from Tanaiy Tewari (Senior Associate).

Paras Hospitals is a multi-speciality healthcare provider established in 2006, known for offering advanced medical services with expert doctors and the latest technology.

The Company intends to use the net proceeds from the IPO prepay or make scheduled repayments on certain outstanding borrowings.

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