Park Medi World IPO Day 1: 52% Subscribed, GMP Up

• Park Medi World IPO subscribed 52% on Day 1, receiving bids for 2.19 crore shares against an offer of 4.18 crore.
• The IPO's Grey Market Premium (GMP) is trading between 14.19% and 16.05% over the IPO price.
• The Rs 920 crore Park Medi World IPO, open Dec 10-12, has a price band of Rs 154-162 per share and is expected to list by Dec 17.
• Proceeds from the IPO will fund debt repayment, new hospital development, medical equipment, and potential acquisitions.
• Park Medi World is North India's second-largest private hospital chain; analysts recommend subscribing for the long term.

Why It Matters: It guides potential investors on a new hospital chain IPO opportunity.