Monitoring Agency Report for the Quarter ended December 31, 2025
PARKHOSPS · price
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Park Medi World (operator of Park Hospitals) filed the CRISIL Ratings monitoring report on how it has used the money raised from its December 2025 IPO of Rs 7,700 million (net proceeds Rs 7,132.77 million). During the quarter, the company deployed Rs 2,371.70 million: Rs 1,430.90 million to repay subsidiary borrowings, Rs 795.00 million toward acquisitions (part-funding KP Institute of Medical Sciences, Krishna Super-speciality Hospital, and Devina Derma), and Rs 145.80 million toward issue expenses. Rs 5,328.30 million remains unutilized and parked in monitoring accounts with Axis Bank and ICICI Bank. The report confirms no deviation from the objects stated in the offer document and no major deviation from earlier reports.
Routine positive disclosure: the company is using IPO money as promised, with no diversion or delays reported. The active acquisitions funded by IPO proceeds signal an aggressive inorganic growth push, which could expand the hospital chain's footprint. For shareholders, the Rs 5,328.30 million still in monitoring accounts means more acquisitions or capex announcements are likely in coming quarters.