Park Medi World IPO 8x Subscribed; GMP Signals Tepid Listing

• Park Medi World IPO was subscribed over 8 times its offer size by its closing on December 12.
• The IPO aimed to raise Rs 920 crore through a fresh issue and an offer for sale, with a price band of Rs 154-162 per share.
• Grey market premium (GMP) for Park Medi World shares declined significantly, suggesting a tepid listing.
• Park Medi World operates the second largest private hospital chain in North India with 3,000 beds.
• Proceeds from the IPO will be used for debt repayment, new hospital development, and medical equipment purchases.

Why It Matters: This IPO highlights market dynamics: high demand doesn't always mean strong listing gains.