Park Medi World IPO Fully Subscribed on Last Day; Check Latest GMP, Subscription Status & Allotment Date

The Park Medi World IPO has been fully subscribed on the last day of bidding across all categories. The Park Medi World IPO subscription status today shows that the issue has received healthy demand, with the retail category oversubscribed, while NII investors also contributed to the overall subscription demand.

The IPO, which opened on December 10th, closed today, and investors are now eagerly tracking the Park Medi World IPO allotment date, GMP, and estimated listing gains.

Park Medi World IPO Details & Subscription Data

The Park Medi World IPO is worth Rs. 920 crore, consisting of a fresh issue of Rs. 770 crore (4.75 crore shares) and an offer for sale (OFS) of Rs. 150 crore (0.93 crore shares). According to the exchange data, the public issue has been subscribed 1.04 times overall, with the retail portion at 1.27 times, the NII category at 1.46 times, and the QIB category at 0.34 times.

The Park Medi World IPO price band is fixed at Rs. 154-Rs. 162 per share, with a lot size of 92 shares. Retail investors must invest a minimum of Rs.14,904.

Park Medi World IPO GMP Today

According to data from the Investorgain website, The Park Medi World IPO GMP (grey market premium) today stands at Rs. 10.5, as per the latest update on December 11th. With the upper price band fixed at Rs.162, the estimated listing price is around Rs. 172.50, indicating a possible 6.48% listing gain, subject to market conditions.

Park Medi World IPO Allotment Date

The Park Medi World IPO allotment date is expected to be December 15, after which the registrar, Karvy or Link Intime, will finalise the basis of allotment and credit shares to investors' demat accounts in the following days.

IPO allotment is the formal process of distributing shares based on subscription levels and investor categories, and only valid applications submitted at or above the cut-off price are considered. The registrar prepares the allotment in consultation with the stock exchange, ensuring that rules for each category, Retail, NII, and QIB, are followed. In cases of oversubscription, allotment is decided through a lottery or proportionate method, while in undersubscribed categories, all eligible applicants receive full allocation; however, unsubscribed QIB shares cannot be reallocated to other categories.

Park Medi World IPO Listing Date

As per the IPO timeline, Park Medi World Ltd is set to list on the BSE and NSE on December 17, subject to confirmation.