The initial public offering of Park Medi World , which operates popular hospital chain under the brand Park Hospital, opened for public bidding on December 10. The maiden issue of the company has been subscribed 17 percent so far on Day 1.

The IPO received bids for nearly 70.29 lakh shares, as against an offer size of 4.18 crore shares, according to data on NSE at 12.12 pm. Retail investors lead the subscription numbers so far, booking 25 percent of their reserved portion. Non Institutional Investors (NII) have subscribed 20 percent of the portion kept for them. Qualified Institutional Buyers (QIB) are yet to make any substantial bid for the IPO.

Park Medi World IPO GMP:

Ahead of listing, the unlisted shares of the company were trading with 14.81 percent grey market premium (GMP) over

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