Park Medi World Shares Debut at 4% Discount on BSE

Park Medi World shares debuted at ₹155.60, a 4% discount to the IPO price, despite an oversubscribed offering.

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Park Medi World Shares Debut at 4% Discount on BSE

Park Medi World Shares Debut at 4% Discount on BSE
Park Medi World’s shares made a weak debut on December 16, listing at ₹155.60 on the Bombay Stock Exchange (BSE), a 3.95% discount from its IPO price of ₹162 per share. The company, which operates a chain of hospitals under the Park Hospital brand, raised ₹920 crore through its IPO. Despite being subscribed over 8 times from December 10-12, the stock’s market debut showed a disappointing performance, with a market capitalization of ₹6,720.84 crore.