Park Medi World Shares Plunge 9% on Weak Market Debut, Miss IPO Price

• Park Medi World shares debuted on December 16, listing at a discount to its IPO price of Rs 162.
• Shares listed at Rs 155.60 on BSE (3.95% discount) and Rs 158.80 on NSE (1.98% discount).
• The stock closed 9% lower than the IPO price at Rs 148.05, despite the IPO being subscribed over 8 times.
• Listing performance significantly missed grey market premium expectations, which had dropped from 20.40% to 3.09%.
• IPO proceeds will fund debt repayment, new hospital development (Park Medicity NCR), medical equipment, and acquisitions.

Why It Matters: Park Medi World's weak market debut raises concerns despite strong IPO subscription and growth plans.