AZB & Partners, S&R Associates, Hogan Lovells Cadwalader acts on Paras Hospitals ₹1,450 crore IPO

Paras Healthcare Limited has raised ₹1,450 crore from an initial public offering of equity shares which comprised a fresh issue and an offer for sale by selling shareholders.

AZB & Partners advised Paras Hospitals on this IPO.

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

S&R Associates served as the Indian legal counsel for the book running lead managers JM Financial Limited, BOFA Securities India Limited, and Nuvama Wealth Management Limited, on this IPO.

Hogan Lovells Cadwalader served as the international legal counsel for the BRLMs.

The transaction was led by Biswajit Chatterjee (Head of the India Practice and Dubai Office Managing Partner), with support from Varun Jetly (Counsel) and Sanjana Ravjiani (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 IPO drew substantial interest from anchor investors, including Abu Dhabi Investment Authority and Blackrock, as well as retail investors.

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