Shares of Park Medi World Ltd, which operates hospitals under the Park Hospital brand, made a weak stock market debut on December 16, listing below their IPO price despite healthy investor demand during the subscription period.
On the BSE, Park Medi World shares listed at Rs 155.60 per share, marking a discount of 3.95 percent compared to the IPO issue price of Rs 162. The companyโs market capitalisation at listing stood at Rs 6,720.84 crore.
Meanwhile, on the NSE, the stock debuted at Rs 158.80, translating into a discount of 1.98 percent to the issue price.
Strong IPO Subscription Fails to Translate Into Listing Gains
The muted listing comes even after the companyโs Rs 920-crore initial public offering received strong investor interest. The IPO, open between December 10 and December 12, was subscribed over 8 times its offer size across investor categories.
Grey Market Premium Misses the Mark
The listing performance sharply missed grey market expectations. Ahead of the debut, Park Medi Worldโs unlisted shares were trading at a 3.09 percent grey market premium (GMP) over the IPO price, as per Investorgain data. This was already a sharp decline from the 20.40 percent GMP recorded on December 7, indicating waning sentiment ahead of listing.
The weak debut highlights cautious investor sentiment toward healthcare IPOs and broader market volatility.
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