NEW DELHI, Dec 5:

Park Medi World, which operates the hospital chain under the Park brand, on Friday fixed a price band of Rs 154-162 per share for its upcoming Initial Public Offering (IPO), valuing the company at roughly around Rs 7,000 crore.

The company’s Rs 920 crore maiden public offering will open for subscription on December 10 and conclude on December 12. The bidding for anchor investors will take place on December 9, it said in a public announcement.

The IPO is a combination of fresh issue of shares worth Rs 770 crore and an Offer For Sale (OFS) of shares valued Rs 150 crore by promoter Ajit Gupta.

The company plans to use the proceeds worth Rs 380 crore for payment of debt and Rs 60.5 crore will be allocated for funding capital expenditure related to the development of a new

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