Monitoring Agency Report for the Quarter ended March 31, 2026
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Park Medi World Ltd, a hospital company that completed its IPO in December 2025 raising Rs 7,700 million, has filed its Q4 FY26 monitoring report. CRISIL Ratings Limited, as the monitoring agency, confirmed proceeds are being deployed largely as per the offer document. Of the Rs 7,700 million raised, Rs 7,023.02 million (91%) has been utilized, with Rs 676.98 million still unutilized. Key utilization includes Rs 3,800 million for debt repayment, Rs 980.40 million for KP Institute of Medical Sciences acquisition, Rs 149.60 million for Krishna Super-speciality Hospital acquisition, and Rs 166.53 million for new hospital construction. One delay was noted in medical equipment procurement (only Rs 36.08 million of Rs 274.59 million utilized) due to prolonged commercial negotiations.
The filing shows the IPO proceeds are on track with no major deviations, which is positive for shareholders. The company has completed two acquisitions as planned. The minor delay in equipment procurement is not material and is expected to be completed in the next fiscal year.