Park Medi World IPO 98% Subscribed on Day 2; GMP Dips

• Park Medi World IPO subscribed 98% on Day 2 (December 11), with retail and NII portions fully booked.
• The IPO's Grey Market Premium (GMP) decreased to 6.48% from 8.64% yesterday.
• The Rs 920 crore IPO, priced at Rs 154-162 per share, is open from December 10-12.
• Proceeds will fund debt repayment, new hospital development, medical equipment, and acquisitions.
• Park Medi World is North India's second-largest private hospital chain, operating 14 NABH-accredited hospitals.

Why It Matters: It guides investors on the Park Medi World IPO's performance and outlook.