Park Medi World Debuts Weakly, Lists at 4% Discount to IPO Price

• Park Medi World shares listed at a 4% discount on BSE and 2% on NSE, disappointing pre-listing expectations.
• The IPO raised ₹920 crore, with proceeds allocated to debt repayment (₹380 cr), medical equipment (₹88 cr), and general corporate purposes (₹302 cr).
• Company aims to become a net cash entity, saving ₹15 crore annually in interest costs.
• Plans aggressive expansion to add 1,650 beds by FY28, focusing on North India.
• Growth strategy includes increasing occupancy, offering high-end services, greenfield expansion, and brownfield acquisitions.

Why It Matters: Park Medi World's IPO listed below expectations but plans aggressive expansion and debt reduction.